Latest development Apr 23, 2025
A Dutch court upheld the award against Bahrain’s challenge.
The award
- Amount awarded
- €214M
- Award holder
- Two Iranian state-owned banks (names not verified)
- Respondent
- Kingdom of Bahrain
- Forum
- Investment treaty arbitration · set-aside proceedings in the Netherlands (treaty, rules and seat not verified)
Challenges
A Dutch court rejected Bahrain’s challenge and upheld the award (GAR, April 23, 2025). Any further appeal not verified.
Enforcement
None reported
Recovered to date
None reported
Notes
GAR describes the award as concerning the expropriation of the banks’ Bahraini banking venture after the 2015 Iran nuclear deal. The banks’ names, the award date, the treaty, the level of the Dutch court and any payment were not verified.