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The team led by Fabio Trevisan, Partner and Head of the Dispute Resolution department at BSP, and composed of Laure-Helene Gaicio-Fievez, Partner, together with Audrey Risser, Counsel, acting as Luxembourg counsel for the Central Bank of the Islamic Republic of Iran obtained a decision directly impacting the assets held by Clearstream and which will have important repercussions.
Any foreign judgment, before being enforced on the national territory, must be recognised and declared enforceable by the Luxembourg courts. The procedure, known as exequatur of a judgment rendered by a foreign court, requires the Luxembourg courts to verify that this judgment is compliant with its public policy.
The case which gave rise to judgment 2021TALCH02/00649 takes...
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