The Claims Settlement Declaration makes no reference either to the ‘standing’ of claimants to present and pursue their claims or to the ‘admissibility’ or ‘non-admissibility’ of claims. Nevertheless, the concepts of standing and admissibility were reflected in a few Awards. In general, the Tribunal ruled that a claimant—or counterclaimant—lacked standing to present or recover on a claim only when the evidence indicated that the claimant did not ‘own’ the claim, in the sense that any proceeds of the claim rightfully belonged to someone else. Thus, an Iranian...
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