You are here: Home » PTI Stories » National » News
Business Standard

Iran bid to recover funds frozen in US can proceed: world court

AFP  |  The Hague 

The (ICJ) ruled Wednesday that can proceed with a bid to recover billions of dollars in frozen assets the says must go to victims of attacks blamed on

Judges of the UN's top court rejected US claims that the case should be thrown out because had "unclean hands" due to alleged links to terrorism, and that the tribunal in did not have jurisdiction in the lawsuit.

The court will hold further hearings to decide whether can get back USD 2 billion frozen by the in 2016.

Abdulqawi Ahmed Yusuf, the at the ICJ, said the court "unanimously rejects the preliminary objections to admissibility raised by the of America".

The court also "finds that it has jurisdiction" to rule on the case, which was filed by Iran in 2016, Yusuf said at the end of an hour-long reading of the judgment.

Iran said the freezing of the funds breached the 1955 Treaty of Amity with the United States, an agreement signed before Iran's 1979 Islamic Revolution severed relations between the countries.

The had said Iran must give the cash to survivors and relatives of victims of attacks blamed on Tehran, including the 1983 bombing of a US Marine barracks in

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, February 13 2019. 21:15 IST