28 March 2019 - 10:28

Luxembourg Court Rejects US Claims on Confiscating CBI's Assets

Iran welcomed a Luxembourg court's decision to refuse to reinforce a U.S. ruling that would have helped families of victims of the Sept. 11, 2001 attacks claim Iranian assets held by a Luxembourg-based clearing house.
News ID : 98530
بانک مرکزی ایران

According to euronews, the court ruled on Wednesday that there were no grounds in international law to uphold in Luxembourg a 2012 U.S. court decision to strip Iran of sovereign immunity.



Seven years ago, a New York court found there was evidence showing that Iran supported the event. Iran, of course has denied any links or any involvement in the Sept. 11 attacks.



That court awarded the plaintiffs damages of over $7 billion. Families of victims are seeking access to $1.6 billion of Iranian funds in Luxembourg, which were frozen as part of international sanctions over Iran's nuclear programme.



However, the Luxembourg court said the plaintiffs could not continue their legal case to seize Iranian assets in the country.




Send Comment