NO. 19


Financial and Banking News

Loans & Issues

Arbitrators Order Framatome to Pay Iran FF550mn

The International Chamber of Commerce (ICC) has ordered France's state-ownednuclear power plant maker Framatome to pay Iran FF550mn ($110mn) in respect ofunfulfilled contract obligations and accrued interest. The Iranian news agency,IRNA, said on 2 February that the award covered FF271mn advanced to Framatome byIran's atomic energy organization in the 1970s to pay for...