[Code of Federal Regulations]

[Title 31, Volume 3]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 31CFR535.441]



[Page 151-152]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

 CHAPTER V--OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY

 

PART 535_IRANIAN ASSETS CONTROL REGULATIONS--Table of Contents

 

                        Subpart D_Interpretations

 

Sec. 535.441  Settlement Agreement regarding small claims.



    (a) Award No. 483 of June 22, 1990 of the Iran-United States Claims 

Tribunal, approving and giving effect to the Settlement Agreement in 

Claims of Less Than $250,000, Case No. 86 and Case No. B38, dated May 

13, 1990 (the ``Settlement Agreement''), constitutes a determination by 

the Iran-United States Claims Tribunal of all claims encompassed therein 

within the meaning of Sec. 535.222(f) of this part. In accordance with 

Sec. 535.222(f), upon payment from the Security Account to the United 

States, the Settlement Agreement shall operate as a final resolution and 

discharge of all claims encompassed by the Settlement Agreement for all 

purposes. All such claims shall be subject to the exclusive jurisdiction 

of the Foreign Claims Settlement Commission on the terms established in 

the Settlement Agreement and by the provisions of Public Law 99-93, 

Title V, Aug. 16, 1985, 99 Stat. 437, applicable to en bloc settlements 

of claims of U.S. nationals against Iran.

    (b) Pursuant to the Settlement Agreement, the private claims subject 

to that agreement and this part are ``* * * claims of less than $250,000 

each, which have been filed with the Tribunal by the United States on 

behalf of U.S. nationals, which claims are included in Cases Nos. 10001 

through 12785, and which are still pending, * * * ,'' and ``* * * claims 

of U.S. nationals for less than $250,000 which have been



[[Page 152]]



submitted to the United States Department of State but were not timely 

filed with the Tribunal, as well as claims of U.S. nationals for less 

than $250,000 which have been either withdrawn by the Claimants or 

dismissed by the Tribunal for lack of jurisdiction, * * * .'' Settlement 

Agreement, Art. I(A).



[55 FR 40831, Oct. 5, 1990]