They were blocked by the State Department from winning damages in court, because the agreement that freed them, the Algiers Accords, barred such suits. But now they could get compensated hrough fines on companies caught violating trade sanctions with Iran
bertb news feed
Victims of a Haiti cholera epidemic widely blamed on UN peacekeepers gave the United Nations 60 days Wednesday to clinch a compensation deal or face a lawsuit demand for billions of dollars.
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It is very simple; Turkey and Israel need good relations, so this flotilla PR disaster has to be solved. With a lot of cash. Turkey has said that”if Israel pays the compensation… then the lawsuits should be withdrawn”.
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“An increasingly problematic aspect of free trade agreements (FTAs) is the inclusion of investor-state provisions that essentially allow companies — typically huge multinationals — to challenge the policies of signatory governments directly…”
WT news feed
South Sudan has agreed to support Sudan’s push to have its external debt cancelled by the IMF in return for dropping the case.
WT news feed
UN climate talks in Doha have closed with a historic shift in principle but few genuine cuts in greenhouse gases. The summit established for the first time that rich nations should move towards compensating poor nations for losses due to climate change.
WT news feed
Let me be clear; TEPCO isn’t paying for this, the Japanese are. The utility — one of the world’s biggest — received one trillion yen of public cash in April in exchange for granting the government a controlling stake.
bertb news feed
A US judge formally ordered Iran, Al-Qaeda and several other defendants Wednesday to pay billion compensation to the victims of September 11, 2001, in a largely symbolic ruling.
WT news feed
A group of Australian councils, charities and churches has won a Federal Court case against defunct investment bank Lehman Brothers in a case which could have global ramifications.
WT news feed
The heroes of the Tunisian Arab spring (those now wielding power that is) decided to give themselves generous compensation for their sacrifices. The other 99 percent of the population aren’t happy about that.
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