Posted on 08/08/2016 4:31:08 PM PDT by Eleutheria5
The Swiss Supreme Court in Lausanne has ordered the Israel-controlled Trans-Asiatic Oil Company to pay a debt of $1.2 billion to Iran's national Oil Company.
According to Global Arbitration Review, which published the Swiss court’s ruling, Iran’s oil company has been removed from the sanctions regime, so there is no legal obstacle to paying it any money.
On June 27, the court directed Trans-Asiatic to pay the Iranians 250,000 Swiss francs (about 1 million shekels, or $260,000) of the monies that have been deposited with the court, and another 200,000 francs in court costs.
Trans-Asiatic appealed, and lost, saddling the company with a heavy fine.
The lost appeal is the latest skirmish between Israel and Iran over an oil transporting and marketing partnership the two countries formed before the 1979 Islamic Revolution.
The partnership had two parts: the Eilat-Ashkelon pipeline, which operated overland to stream Iranian oil from the Red Sea to the Mediterranean, and Trans-Asiatic Oil Ltd (TAO), which was registered in Panama, operated out of Tel Aviv, and ran a fleet of tanker ships and marketing channels to sell Iranian oil to Europe.
The partnership, signed in 1968, lasted only 11 years. In 1979, after the Islamic Revolution, Iran cut off all ties with Israel. Despite the diplomatic cold shoulder, Iran still faced off with Israel in three different legal procedures, in an attempt to glean money for the oil it forwarded to Israel on credit before the revolution, for the value of their half of the partnership.
The total disputed sum is in the ballpark of $7 billion. Since the Iranian oil company has been formally separated from Iran, global financial sanctions don't apply to it.
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(Excerpt) Read more at israelnationalnews.com ...
I do know what my reply would be
hope Israel tells them to shove but they are as infested with libtards as we are.
Iran cuts all ties and this is the Israelis fault?
Yo Mohammed!
POUND SAND—you’ve got a lot of it.
Send Khomeini a box of pig innards.
Since they hate Israel so much it should be paid in shekels. See if they’ll even touch it. But I bet Israel will tell them to go pound sand.
How much is an atomic bomb worth? Send those jackals a few of those.
1.2 billion megatons maybe...
I’d tell them to come and try to collect.
Didn’t the article say the amount was on deposit with the court?
Very good answer!
I wonder how you say, “Go ‘eff yourself, Iran” in Hebrew?
Tens of thousands of Jews fleeing annihilation during the Holocaust were turned away from Switzerland's borders. Those who made it in were not accorded the support given to non-Jewish refugees. Switzerland made a tidy profit dealing with the Nazis in stolen Jewish gold and even Jewish gold teeth removed in concentration camps. After the war, the Swiss made reparations from Jews a nearly Olympic event in the numerous layers of requirements they imposed on them to receive what was rightfully theirs.
In the late 1890s, the Swiss banned shechita, the humane kosher method of slaughter. Even as recently as 2002, Swiss Jews have sought to regain permission to conduct shechita in Switzerland and have been denied, under some baloney about humane treatment of animals.
So why am I not surprised that the devious anti-semitic Swiss have forced Israel to give these enormous funds to a country sworn to destroy them? I can just imagine the filthy Swiss b____ds laughing their heads off at their decision.
Kick rocks, Iranians
Israel: “Your check is in the mail (tee hee)”.
Hizdayen, Iran!
How many Israeli’s has that regime murdered since the days of Esther? No soup for you Persian moon god howlers from hell.
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