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…
Iranian Pharmaceutical Laws and Regulations In this article, we discuss the Iranian Pharmaceutical Laws and Regulations. One of the principal duties of states all over the world is to make sure that medicines used by people are qualified according to criteria concerning safety and efficacy. Additionally, all steps of processing drugs, i.e., importation, production, purchase…
Equity to Debt Scale in Iranian Legal Framework for Project Finance Debt ratios is one of the principal matters in context of the contractual design of investment agreements, especially when it comes to BOTs (Build, Operate and Transfer contracts) and other similar models. The company in charge of the project, is also the entity responsible…
Get acquainted with the free trade and special economic zones and their advantages for setting up a business and investment for foreigners Free trade and special economic zones were established several years ago with the aim of encouraging more investment, especially foreign investment, in Iran. The special benefits offered to investors in these areas are…
Tax evasion in Iranian law – Definition and punishment Tax evasion Tax evasion is an illegal activity in which a natural person or legal entity refuses intentionally to pay tax debts. In Iran, tax evasion may happen in different forms. Tax evasion in Iranian law is of different kinds and has been discussed in various…
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…