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September 08, 2007

Iranian Damages

Hmm, not sure quite how much this is going to mean:

Iran must pay $2.65 billion (£130.10 million) to the family members of the 241 US servicemen killed in the 1983 bombing of the US Marine barracks in Beirut, an American judge has ruled, calling it the largest-ever such judgment against another country.

Iran has been blamed for supporting the militant group Hezbollah, which carried out the suicide bombing in Beirut. It was the worst terrorist act against American targets until the attacks of Sept 11, 2001.

...

The ruling allows nearly 1,000 family members and estates to try to collect Iranian assets from various sources around the world.

...

Iran has denied responsibility for the attack. The nation did not respond to the six-year-old lawsuit and was represented only by an empty table.

So what they've got to do is identify and then sue to confiscate, Iranian government owned assets. Given that the Iranians were not represented I'm not sure how much weight other legal systems will put on the ruling. So they're pretty much limited to those already in US jurisdiction. Which I would suggest is really not very much at all. Maybe the odd jetliner of the national carrier but anything else?

September 8, 2007 in Law | Permalink

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Comments

"$2.65 billion (£130.10 million)"

With that sort of exchange rate it really is time to make that shopping trip to NYC.

Posted by: RobtE | Sep 8, 2007 9:31:07 AM

Probably not - an ipod that costs $199 would be £1000.

Posted by: Matthew | Sep 8, 2007 12:11:17 PM

It's those pesky decimal points, isn't it?

If £130,100,000 buys me $2,650,000,000 then £1 buys me about $20.37. That's a great exchange rate. That $199 iPod will cost me a tenner.

Posted by: RobtE | Sep 8, 2007 1:28:28 PM

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