000			01148cab a2200193 4500
001			ABS39627
008			090401t1988 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u17844
041			_aeng
245			_aBank Mellat v GAA Development and Construction Co
260			_c1988
350			_a0
490			_aLloyd's Law Reports _v(1988) 2 LLR 44-55(12)
520			_aQBD 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.
650			_aMANAGEMENT-DISPUTE AVOIDANCE, MANAGEMENT AND RESOLUTION-DISPUTE MANAGEMENT AND RESOLUTION-ARBITRATION
690			_aLAND-CASE LAW
942			_n0
948			_c04/03/1997
999			_c11835 _d11835