THE TRIBUNAL DECIDES
that Iran's "Request for an Immediate Order to Stay the Foremost Lawsuit, Civil Action No. 82-0220, Subject of Case A/24 in the United States," is denied.
It is the purpose of both parties, within the framework of and pursuant to the provisions of the two Declarations of the Government of the Democratic and Popular Republic of Algeria to terminate all litigation as between the Government of each party and the nationals of the other, and to bring about the settlement and termination of all such claims through binding arbitration. Through the procedures provided in the Declaration relating to the Claims Settlement Agreement, the United States agrees to terminate all legal proceedings in United States courts involving claims of United States persons and institutions against Iran and its state enterprises, to nullify all attachments and judgments obtained therein, to prohibit all further litigation based on such claims, and to bring about the termination of such claims through binding arbitration.
"[N]o action taken pendente lite by a State engaged in a dispute before the Court with another State 'can have any effect whatever as regards the legal situation which the Court is called upon to define' (Legal Status of the South-Eastern Territory of Greenland, P.C.I.J., Series A/B, No. 48, p. 287), and such action cannot improve its legal position vis-a-vis that other State[…]"
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