publications

A letter of credit ( LC ) is a payment mechanism that is used in international trade to provide a financial guarantee from a reliable bank to the exporters of goods. A letter of credit is issued by a reputable bank to ensure that sellers of goods receive their money, and buyers receive the purchased goods. In international trade, when the contracting party can’t be easily trusted, letters of credit […]

Smart contract is one of the latest innovations in the world of technology and cryptocurrencies; an innovation that has a direct and effective connection with the world of law, especially contract law, due to being a “contract” and regulating agreements and transactions between natural and legal persons. In addition to the important role of the computer science and programming skills in the formation and implementation of smart contracts, the legal

  Brief Summary of the Iranian System of Inheritance  The Iranian inheritance law strictly follows the Islamic “sharia” and in particular the “Shia” view of “Shia” scholars and interpreters of the Quran. These “sharia” based rules are mirrored in the Iranian civil code, where inheritance is greatly discussed in the personal status chapter. In this system, fixed shares are the main factor in determining what and how much each heir

    International contracts are one of the most noticeable legal tools for limiting the risks of participating companies and individuals in international trade and commerce. As well as other contracts, international contracts are binding agreements but with an international dimension, which contains some foreign elements, such as differences in language, country (or jurisdiction), legal system, culture, etc. At first glance at this international dimension, especially the aspect of “difference in

Karimi & Associates Law Firm and Smart Invest Iran Joint Newsletter(November 2017) is published.

Karimi & Associates Law Firm and Smart Invest Iran Joint Newsletter for November 2017 is published. Mokran Coasts The coasts of Mokran, Makran or Makuran – as it is pronounced by the local people – is a region located in Iran’s southeastern province of Sistan and Baluchestan and Pakistan’s southwestern Baluchistan province. It is a 600-mi (1,000-km) stretch along the Gulf of Oman from Raˈs (cape) al-Kūh, Iran (west of

Karimi & Associates monthly newsletter for September 2017 is published.

Karimi & Associates Law Firm and Smart Invest Iran Joint Newsletter for December 2017 is published. BOT Contracts: A Path to Increased Infrastructure Foreign Investment in Iran Introduction: With a view to the attraction and promotion of foreign investment and improving engagement of the private sector in economic activities, the Iranian government has in the last two decades adopted Build-Operate-Transfer (BOT) methods to obtain infrastructure facilities with greater efficiency and

Karimi & Associates Law Firm and Smart Invest Iran Joint Newsletter for March 2018 is published. Arvand Free Trade Zones According to the legally accepted definition, the free trade zones and special economic zones are those parts of the Iranian territory that are managed according to the special laws and bylaws and are excluded from the laws of the governing motherland. Free Zone law: •    Law on the Administration of

Karimi & Associates Law Firm and Smart Invest Iran Joint Newsletter for September 2017 is published. Introduction As one of the richest countries in the world in terms of hydrocarbon reserves, Iran’s great foreign investment attractions are undeniable, and recognizing the potential in the Iranian market is a must for every foreign investor who is looking to invest in this growing economy. These incentives, however, are yet to be properly