TMCnet News
Hague court rejects Turkcell claim against Iran [Press TV (Iran)](Press TV (Iran) Via Acquire Media NewsEdge) A general view of the Permanent Court of Arbitration in the Hague The Hague-based Permanent Court of Arbitration has turned down a claim by Turkish mobile phone operator Turkcell against Iran, an Iranian official says. "The lawsuit filed by Turkcell against the Islamic Republic of Iran has been struck down after nearly six years of effort and legal defense [by Iran]," an informed source at the Iranian Presidential Office said on Wednesday. The official, whose name was not revealed, said that the court ordered the Turkish company to pay arbitration costs of USD 1.5 million in favor of Iran. On January 11, 2008, with reference to a bilateral investment agreement between Iran and Turkey, Turkcell lodged a complaint against the Iranian government, claiming that Tehran had violated the company's contractual rights in relation to Iran's second operator cell phone auction. Claiming that it had won the bid in the auction, Turkcell had demanded USD 600 million in compensation. The Iranian government rejected the claims by submitting reliable and necessary evidence, saying that the claims do not fall within the context of the agreement on encouraging and supporting Iran-Turkey investment. YH/NN/KA (c) 2014 Press TV. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info). |