Civil Liability of the State In Iran, as in many other jurisdictions, the concept of state liability is relatively recent. Historically, a prevailing view was that the state enjoyed immunity and could not be pursued for acts it...
Conditional Gift When a person transfers property to another person as a gift, without consideration, a legal act occurs. The Civil Code governs this legal act and various situations arising from it under the contract of gift. Terms...
Increase and Decrease of Capital in Joint Stock Companies Pursuant to Article 157 of the Amended Bill of the Commercial Code, capital in a joint stock company may be increased through two methods: Increasing the nominal value of...
Warranties in Marine Insurance Policies Although an insurer is protected in an insurance contract by the principle of utmost good faith, proving a lack of good faith or non-disclosure of material facts is exceptionally difficult. For that reason,...
Banking Facilities “Facilities” refers to formal financial assistance programs offered by banks and financial institutions to support companies that require working capital. Such facilities may be granted to natural persons or legal entities that, in connection with a...
