Bank Mellat

UK government, Iran’s Bank Mellat reach $1.6bn settlement over 2009 sanctions case

The British government lawyers have reached an 11th-hour settlement with the Iranian private lender Bank Mellat to avoid court hearings over 2009 sanctions on the bank.

Financial Markets

Iran’s Bank Mellat to sue UK Treasury for 2009 sanctions

The Iranian private lender Bank Mellat will take the UK former chancellor Alistair Darling to the court to claim damages inflicted on the bank due to the sanctions it imposed on it in 2009.

Financial Markets