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22 January 2014
Issue: 7591 / Categories: Legal News
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Bank Mellat brings action

Iranian private bank to file claim for more than £500m

Bank Mellat, the Iranian private bank which had its sanctions lifted by the Supreme Court last year, is to file a claim for more than £500m next month. Sarosh Zaiwalla, senior partner at Zaiwalla & Co, who is acting for the bank, says it will be the first time an Iranian plaintiff against sanctions in Europe has reached the stage of claiming damages, and that Western governments are starting to ease sanctions against Iran following an interim deal reached in Geneva in November. He said Bank Mellat was one of about eight to 10 private Iranian firms bringing law suits in Europe.

Issue: 7591 / Categories: Legal News
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MOVERS & SHAKERS

NLJ Career Profile: Stephen Ward, The Barrister Group

NLJ Career Profile: Stephen Ward, The Barrister Group

From mowing lawns to life at the Bar: Stephen Ward reflects on an unconventional career

Clarke Willmott—Ben Loosemore

Clarke Willmott—Ben Loosemore

Commercial property partner joins Clarke Willmott in Southampton

Ellisons—Robert Tiffen

Ellisons—Robert Tiffen

Robert Tiffen joins Ellisons as Partner in growing Norwich office

NEWS
The Law Society RFC Festival of Sport returns next month, bringing together legal and financial services professionals for one of the sector’s largest annual sporting events
Legal aid deserts leave almost one in four without adequate access to justice
The Solicitors Regulation Authority (SRA) has warned solicitors and law firms that using artificial intelligence does not alter their professional obligations, amid concerns over inaccurate legal material and client confidentiality
From forgotten interest claims to case-management appeals, a string of procedural developments offers useful—and occasionally cautionary—lessons for practitioners

Jonathan Fisher KC highlights that it now accounts for around 40% of criminal offences, with roughly 70% involving technology, and argues that the UK cannot simply prosecute its way out of the problem. Detection, investigation and prosecution all require improvement, while different fraud types demand tailored responses.

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