Banking and insuranceEconomical

Details of the ruling of the International Court of Arbitration against Bahrain in favor of national banks and exports

Recently, in an international arbitration under the supervision of the Permanent Court of Arbitration in The Hague, Bank Melli Iran and Bank Saderat Iran, based on a bilateral agreement to encourage and support investment between the Government of Iran and The Bahraini government filed a lawsuit against the Bahraini government, which, after a thorough investigation, led to the conviction of the Bahraini government.
The arbitration hearings were held in Paris, and finally, after nearly five years of deliberation, the jury, unanimously, ruled in favor of the indirect confiscation of the shares of the National Banks of Iran and Iran’s exports, based on a verdict issued on November 9, 1400. At Future Bank Bahrain, the Bahraini government declared itself in breach of its obligations under international law and the bilateral investment agreement.
Future Bank Bahrain was established in 2004 and due to its positive performance was able to win the title of the best Bahraini bank in 2014 and the seventh bank in the Persian Gulf region.
Despite this success, the Bahraini government succeeded

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