until the US and Iran made a private out-of-court deal instead.
From Forbes:
http://fortune.com/2016/08/05/money-america-iran/
By 2015, the issue stood before a panel of nine judges, including three independent jurists, who were reportedly near a decision on binding arbitration. According to Obama administration officials, the U.S. was concerned that the tribunal would mandate an award in the multiple billions of dollars. “The Iranians wanted $10 billion,” says Sick.”I estimate that the tribunal would have awarded them $4 billion. That’s what the lawyers were saying. It’s not as much as they wanted, but a lot more than we paid.”
So instead, the U.S. negotiators convinced Iran to move the dispute from arbitration to a private settlement. The two sides reached an agreement in mid-2015, at the same time as the U.S. and Iran reached a comprehensive pact on curtailing Iran’s development of nuclear weapons. The financial deal called for the U.S. to refund $1.7 billion to Tehran, consisting of the original $400 million contract for military equipment, plus $1.3 billion in interest.
What part of that counts as "disgusting" to you?
Current Events » in reply to "Entitled to"? Who made you arbitrator.
The courts were the abitrator
The whole thread (33 posts)
- What's your take on the cash sent to Iran?
- the payment represented continued adherence to a masterful feat of American diplomacy and to the peaceful resolution of disputes under international law
- Obama got a nuclear deal, and made the Iranians pay for it!
- Is this the best way to deal with them?
- The Ayatollah-Class Frigates (AKA the "Dead Admiral Class")
- So it's money we owed them from 1979?
- Money "we owed"?
- I suggest you expand your news search
- By the way, it was settled out of court. n/t
- Yes, and at terms much less than Iran was entitled to
- "Entitled to". Actually pretty disgusting. n/t
- "Entitled to"? Who made you arbitrator.
- Yes, and at terms much less than Iran was entitled to
- Agreed to after 37 years. Why now.
- By the way, it was settled out of court. n/t
- I suggest you expand your news search
- About that Axis of Evil...
- Money "we owed"?
- So it's money we owed them from 1979?
- I assume that this concerns you because...
- if it was a ransom it was terrible
- Wasn't that Irans's money in the first place?
- Resembles Reagan's selling drugs to buy weapons for Iran and contras.