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…
The Enforcement of Foreign Verdicts and Documents in Iran The enforcement of foreign verdicts and documents in Iran are permitted under certain condition by Iranian courts. According to a legal principle in Iran, a lawsuit, in terms of the jurisdiction of the courts, will be subject to the laws of the locale in which it…
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 write up an employment contract in Iranian law The method of concluding an employment contract in Iranian law has special rules and regulations which, if not observed, will have various risks for the employer. Important generalities about Iranian labor code The method of arranging an employment contract as well as the content…
A List of 20 Family Lawsuits – Family Lawyer In Iranian legal system, like many other countries, family lawsuits and disputes are dealt with professionally in a court called the Family Court. This means that you need a legal expert in Iran who works especially in family lawsuits, i.e. a family lawyer. In the family…
Domain Names Disputes Under Iranian Law Domain Names Disputes Under Iranian Law maintains that disputes over a trademark-based domain name must be resolved by agreement, court action, or arbitration before cancellation, suspension, or transfer of the domain name. As companies working in Iran use internet for introducing their products and presenting the related information about corporations,…
Appeal Process and Judicial Review in Iran The structure designed in the Iranian Code of Civil Procedure for judicial review is in line with rules prevalent among civil law systems. There is a two-step mechanism, which concerns substantive matters, reinforced with final review of the Supreme Court. Principle of Two Step Judicial Process The…
Execution of Civil Judgments in Iran Manners of execution of the civil judgments in Iran is based on the Law on the Execution of the Civil Judgments. There are also other rules and regulations which address the execution matters with an admirable accuracy. Legal Framework for Execution of Civil Judgments in Iran Legal Framework…
Formal and Informal Documents in Iranian Laws and Regulations Practically speaking, there is a wide gap between formal and informal documents according to the Iranian laws and regulations. Although informal documents are not useless, the benefits of drawing up a formal document are remarkable, all for a low cost of registration. What is a…