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Letter of Credit

Letter of credit is one of the most important payment methods in domestic and international business transactions. It is a crucial tool in major business transactions, especially in cases where the parties enter into a transaction with each other for the first time or require assurance about the other party and its position. Karimi & Associates Law Firm, benefiting from specialists in domestic and international commercial contracts and arranging letters […]

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The Role of Inspectors in Iranian Joint-Stock Companies

According to Article 148 of the Commercial Law Amendment Bill of Iran, the inspector(s) are liable to verify the accuracy of the asset statement, performance period statement, profit and loss statement, and balance sheet prepared by the managers for submission to the general assembly and also to evaluate the information accuracy provided by the managers in Public assemblies. The inspectors also shall ensure that the shareholders’ rights are protected and

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Job Position

We have a vacant position for two paralegals and one legal Assistant at Karimi & Associates Law Firm. Responsibilities Drafting Contracts (Persian and English) Legal content writing Preparing legal proposals and Legal advice Legal research Document Translation Case Review and Support for Litigation and Arbitration Team Communication with the clients Requirements Graduated with a Bachelor’s or Master of law from a reputable university Experienced in domestic and international commercial arbitration

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Arbitration in intellectual property rights

Arbitration in intellectual property rights issues, like other commercial arbitrations, has been on the rise in recent years. The growth and development of arbitration is due to the principle of the sovereignty of the will of the parties and the desirability of controlling the dispute handling process by the parties. Despite this, the arbitrator is not subject to the will of the parties in all circumstances, and the issuance of

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The Citizenship status according to Iranian Law

Citizenship or nationality is a word that is used to refer to a kind of political, spiritual or legal relationship between a person and a certain nation or government. Citizenship is a legal and international concept that has received a lot of attention in the last one or two centuries. Regarding the effect of marriage on a woman’s nationality, theoretically there are two main views (traditional and modern): the traditional

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Different Types of Shares and Their Transfer Process

Introduction In accordance with Article 24 of the Amendment Bill of the Trade Law approved in 1347, a share refers to a portion of the capital of a joint stock company that delineates the level of participation, obligations, and interests of its owner in the company. Additionally, the share certificate is a negotiable document that represents each individual’s participation level in the joint stock company. Shares in joint stock companies

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Companys General Assemblies in Iran

Introduction Following Article 72 of the Amendment Bill of the Trade Law approved in 1347, the General Assembly is essentially a meeting of a company’s shareholders. The rules for attendance and decision-making quorums are outlined in the company’s articles of association. Companies hold various types of general assemblies, including founding, ordinary, and extraordinary. Types of General Assemblies Founding The founding assembly is an essential part of establishing a joint-stock company

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Intellectual Property Rights in Fashion

For a long time, and not so many years from now, every concept and issue about fashion was summarized in design, models, fashion designers, fashion shows, catwalks, etc. However, even at that time, protection of the designs and Intellectual Property and the related rights played a role, although during recent years, IP rights have turned into a leading role, generating more than USD 2 trillion per year. While the specifics

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Owning Immovable Property in Iran as a Foreigner

Introduction In Iran, foreign individuals are not permitted to own immovable property without obtaining a license and undergoing the necessary processes as per the country’s legal system. The regulations governing the acquisition of property by non-resident foreigners in Iran are outlined in the “Regulations on how to acquire immovable property by non-resident foreigners in the Islamic Republic of Iran,” which consists of seven articles. This text will explain these articles

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Settling Energy Disputes through Arbitration

The energy sector is characterized by long and intricate projects that require a substantial amount of capital. These ventures involve a range of activities, from exploration and development to production and distribution. However, the energy sector is also exposed to a high degree of risk due to geological events, such as natural disasters and resource depletion, as well as political changes and environmental regulations. Given the complexity and risks involved

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