Jurisprudence of the Foreign Claims Settlement Commission: Iran Claims
The Foreign Claims Settlement Commission (Commission or FCSC) was granted jurisdiction to determine the validity and amounts of certain claims by U.S. nationals against Iran by the Iran Claims Act and the 1990 Settlement Agreement (lump sum settlement) between the United States and Iran. The Iran Claims Act, a 1985 statute enacted in anticipation of the lump sum agreement settling U.S. “small claims” against Iran, required the Commission to apply: (1)the terms of any settlement agreement [lump sum settlement];(2)the relevant provisions of the Declarations of the Government of the Democratic and Popular Republic of Algeria of January 19, 1981, giving consideration to interpretations thereof by the Iran-United States Claims Tribunal; and(3)applicable principles of international law, justice, and equity.