1. An International Arbitral Tribunal (the Iran-United States Claims Tribunal) is hereby established for the purpose of deciding claims of nationals of the United States against Iran and claims of nationals of Iran against the United States.....
The Respondent, Bank Tejarat, is obligated to pay the claimant, Nasser Esphahanian, U.S. $704,691.85, plus interest at the rate of 8 percent from January 10, 1979 to the date on which the Escrow Agent instructs the Depositary Bank to pay the Award, which obligation shall be satisfied by payment out of the Security Account established by Article 7 of the Declaration of the Government of the Democratic and Popular Republic of Algeria of 19 January 1981.
Each of the parties shall bear its own costs of arbitrating this claim.
This award is hereby submitted to the President of the Tribunal for the purpose of notification to the Escrow Agent.
Shafie Shafeiei :
I REFUSE TO TAKE PART IN THE MAKING OF A DECISION WHICH CANNOT BE LEGALLY JUSTIFIED, BUT TAINTED WITH IMPROPER MOTIVES; WHICH MOTIVES SHALL BE DISCLOSED IN MY SEPARATE OPINION.
Mr. Shafeie took part in the hearing and deliberation of this case. He signed the English text of the Award having been invited by letter dated 25 March 1983 to sign the Farsi text on 28 March 1983, he attended the meeting, but refused to sign.
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