(United States Ninth Circuit) - In an international action involving ten American citizens attempting to gather on valid judgments held against Iran for injuries arising out of state-sponsored terrorism, the district court’s grant of lien claimants’ motion to attach is affirmed where: 1) the Algiers Accord between the U.
S. and Iran does not prevent attachment of the underlying $9.4 million arbitration award at issue here; and 2) the award is a blocked asset under Executive Order 133359 and subject to attachment under the Terrorism Risk Insurance Act.
Source: findlaw.com