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Friday, 12 August 2016

Swiss court orders Israel to pay Iran $1bn in oil pipeline ruling - FT.com

Swiss court orders Israel to pay Iran $1bn in oil pipeline ruling - FT.com:

"A Swiss court has ordered Israel to pay its arch-enemy Iran about $1.1bn after it lost an appeal in a long-running dispute over an oil pipeline that predates the 1979 Islamic revolution.
The Swiss Federal Tribunal’s verdict, dated June 27 and published on the court’s website, ruled in favour of Iran in regard to the Eilat Ashkelon Pipeline Company (EAPC), an Israeli-Iranian joint venture set up in 1968 when the Jewish state had friendly relations with the royalist Iranian regime."



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