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5 Expropriations, Takings, and Deprivations of Property

From: The Jurisprudence of the Iran-United States Claims Tribunal: An Analysis of the Decisions of the Tribunal

George H Aldrich

From: Oxford Public International Law (http://opil.ouplaw.com). (c) Oxford University Press, 2021. All Rights Reserved.date: 13 June 2021

Subject(s):
Expropriation — Property — Acts of a revolutionary force — Equitable principles — Claims — Compensation — Recognition and enforcement — Valuation — Jurisdiction
The Islamic Revolution that toppled the Shah and, in February 1979, saw the formation of the Islamic Republic gave rise, directly or indirectly, to most, if not all, of the expropriation claims presented to the Tribunal. That there should be many such claims is scarcely surprising, as the Revolution brought about profound social changes in Iran, including the exodus of numerous Iranian and foreign businessmen and technical experts and the cessation of certain businesses. Moreover, the new Islamic Regime was anxious to reduce foreign influence in Iran, particularly...
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