McKesson Can Collect Dairy Funds From Iran: DC Circ.

Law360, New York (February 28, 2012, 6:31 PM EST) -- The D.C. Circuit on Tuesday affirmed McKesson Corp.'s right to recover from the Iranian government for its share in a dairy that Iran took over more than 30 years ago, but said the company could not collect $23.9 million in compound interest.

The appeals court affirmed that McKesson had a right to recover for expropriation under the 1950s-era Treaty of Amity between the U.S. and Iran as construed under Iranian law. The company is entitled to an award based on the value of its expropriated interest...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.