IUSCT

AcronymDefinition
IUSCTIran-United States Claims Tribunal (est. 1981)
References in periodicals archive ?
This is the case of the IUSCT which is based in The Hague and was set up under the 1981 Algiers Accords to resolve claims by the US Government or US parties against the Republic of Iran or Iranian parties following the hostage crisis between the two countries in 1979.
One may observe that such practice by the IUSCT is inconsistent with Dutch arbitration law, the lex arbitri.
An example of this can be seen in the two IUSCT decisions described in the previous section, where international law was applied by the IUSCT because the Tribunal considered it more appropriate than the law chosen in the contract.