Bank Mellat v GAA Development and Construction Co
Language: English Series: Lloyd's Law Reports ; (1988) 2 LLR 44-55(12)Publication details: 1988Subject(s): Summary: QBD 9 December 1987. In August 1975 the defendants (G) concluded a land agreement with the plaintiffs (B) to buy land and to build apartment units in three phases. The governing law to be Iran ian law. Construction began in Marc h1977 but ceased when the tower blocks were up to the 18th and 20th floors and 2/3 of the apartments had been sold, owing to the Iranian Revolution. B was directed by arbitrators to pay US$3,655,914 plus interest but B challenged this on the grounds of Arbitration Act 1950 s23 and claiming misconduct of the arbitrators. However this was not upheld by the courts.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Law report | London Journal article | ABS39627 (Browse shelf(Opens below)) | 1 | Available | 17844-1001 |
QBD 9 December 1987. In August 1975 the defendants (G) concluded a land agreement with the plaintiffs (B) to buy land and to build apartment units in three phases. The governing law to be Iran ian law. Construction began in Marc h1977 but ceased when the tower blocks were up to the 18th and 20th floors and 2/3 of the apartments had been sold, owing to the Iranian Revolution. B was directed by arbitrators to pay US$3,655,914 plus interest but B challenged this on the grounds of Arbitration Act 1950 s23 and claiming misconduct of the arbitrators. However this was not upheld by the courts.