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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