Criminal Offense of Dishonored Bank Cheque in Iran Criminal offense of dishonored bank Cheque in Iran represents common category of bad Cheque, hot Cheque, and bouncing Cheque. You are probably familiar with these terms as they refer to a Cheque that could not be cleared due to insufficient funds in the drawer bank account or…
A Practical Overview of Bank Cheque Rules and Procedures in Iranian Law In this article, we give you a practical overview of bank Cheque rules and procedures in Iranian law. Recently, it has been a series of legal changes to make the process more secure. The new law introduced a new system for registering, identifying,…
Letter of Credit in Iranian Financial Law Letter of Credit in Iranian financial law is more about processes and procedures rather than specific rules. These processes are by no means different from the international common framework. As you know, a letter of credit is a negotiable instrument, also called documentary credit. This payment tool is…
Issuance of Bank Guarantees in Iran for Commercial Purposes Issuance of bank guarantees in Iran for commercial purposes is one of the most popular topics, especially in the context of exportation and importation facilities. In this article we are bound to show well-known sorts of bank guarantees in Iran and the process through which one…
Sixteen criteria for opening a bank account for foreigners in Iran With the recent enactment of the Money and Credit Council (MCC), sixteen conditions were ratified by the council members for opening a deposit Rial bank account for non-resident foreign real persons, non-resident foreign legal persons, and foreign real persons residing in Iran. The…
how to open a bank account in Iran for foreigners ? Different Bank Accounts on the Iranian Banking System and the Guideline of Opening a bank account in Iran for foreigners The present article has been prepared by Iran Best Lawyer in order to provide the information on the different bank accounts on the Iranian…