Rescission (Ighaleh) in Banking Transactions Rescission, known in Iranian law as Ighaleh, refers to the termination of a transaction by mutual agreement of the parties. The same mutual consent that brings a contract into existence may also dissolve...
International Maritime Organization (IMO) Prior to the Second World War, matters relating to international shipping lacked a permanent institutional framework. Issues requiring international agreements and arrangements were addressed through ad hoc conferences convened for that purpose. In 1889,...
Civil Liability in Sports Whenever a person or persons are legally required to compensate another for damage suffered, they are deemed to bear civil liability toward that person. Civil liability arises either from contractual obligations or independently of...
The Legal Nature of Electronic Payment Undoubtedly, every form of commercial activity presupposes the payment of a price. In general, it is irrelevant to the merchant whether the payer is necessarily the buyer himself. What matters is that...
Maritime Carrier Under the Iranian Maritime Code, a maritime carrier, referred to as the carrier of goods, is defined as the owner or charterer of a vessel who enters into a contract with the shipper for the carriage...
