Types of Bank Guarantees This article provides an overview of the main types of bank guarantees. Under Iranian banking practice, requests to extend the validity period of a bank guarantee are generally accepted.
The Exclusive Economic Zone and the Legal Regime Governing It The third maritime zone of a coastal State is known as the Exclusive Economic Zone. Prior to the 1982 United Nations Convention on the Law of the Sea,...
Intellectual Property and Its Importance Today, intellectual property rights are regarded as one of the most fundamental tools for economic growth and as a key pillar of modern economic policy. They are considered among the most valuable assets...
Dumping in the International Trade Market Individuals interested in international trade discussions have likely encountered the term “dumping,” which refers to unfair or predatory competition. Dumping is, in principle, a lawful commercial practice, and its economic effects may...
What Is a Trusteeship Order? Under the Constitution of Iran, an endowment is a legal instrument by which property is removed from private ownership and dedicated to charitable purposes or to the service of God. A trustee carries...
