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Wednesday, April 30, 2025 4:31 GMT
The Hague Court of Appeal has upheld a verdict issued by the Permanent Court of Arbitration (PCA) ordering the Kingdom of Bahrain to pay more than 214 million euros in damages to two Iranian banks. The Iranian Presidency’s legal office said in a statement on Monday that the appeal court in The Hague had issued a ruling on April 22, confirming a November 2021 verdict issued by the PCA that favored Bank Melli Iran and Bank Saderat Iran and their claims against Bahrain. The two Iranian banks had...More