Quimbee logo with url
From our private database of 14,600+ case briefs...

Interlocutory Award in Case Concerning SEDCO Inc. v. National Iranian Oil Company and the Islamic Republic of Iran

Iran-United States Claims Tribunal
10 Iran-U.S. Cl. Rep. 180 (1986)


Facts

After the Iranian Revolution, the Islamic Republic of Iran (the Republic) (defendant) expropriated various foreign business interests. SEDCO, Inc. (SEDCO) (plaintiff), a subsidiary of a corporation in the United States, held one such expropriated interest in the SEDIRAN drilling company. Later, under the Algiers Accords, the United States and Iran agreed to resolve this conflict and any other commercial conflicts by arbitration before the Iran-United States Claims Tribunal, a special body created by the Algiers Accords. SEDCO argued that, according to customary international law, SEDCO was entitled to full compensation, calculated by adding together net assets and expected future earnings. The Republic argued that the full-compensation standard was not the correct standard and that, instead, the appropriate compensation should be measured under a goal of avoiding unjust enrichment. The Republic further argued that if SEDCO was entitled to compensation, then SEDCO’s compensation should be calculated according to the net book value of the business.

Rule of Law

Issue

Holding and Reasoning

What to do next…

  1. Unlock this case brief with a free (no-commitment) trial membership of Quimbee.

    You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 97,000 law students since 2011. Some law schools—such as Yale, Vanderbilt, Berkeley, and the University of Illinois—even subscribe directly to Quimbee for all their law students. Read our student testimonials.

  2. Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.

    Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students. Read more about Quimbee.

Here's why 275,000 law students have relied on our case briefs:

  • Written by law professors and practitioners, not other law students. 14,600 briefs, keyed to 196 casebooks. Top-notch customer support.
  • The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
  • Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
  • Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.