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SOUDAVAR v. ISLAMIC REPUBLIC OF IRAN

No. 99-20018 Summary Calendar.

186 F.3d 671 (1999)

Abolala SOUDAVAR; Saadi Soudavar, Plaintiffs-Appellants, v. ISLAMIC REPUBLIC OF IRAN; Ministry of Industry; Mines of Iran; Sazmane Gostaresh Va Nowsaz-E Iran, Defendants-Appellees.

United States Court of Appeals, Fifth Circuit.

September 7, 1999.

Attorney(s) appearing for the Case

Abolala Soudavar, Houston, TX, pro se.

Saadi Soudavar, Cambridge, MA, pro se.

Bruno Alexander Ristau, Law Offices of Bruno A. Ristau, Washington, DC, for Defendants-Appellees.

Before DAVIS, DUHÉ and BENAVIDES, Circuit Judges.

DUHÉ, Circuit Judge:

BACKGROUND

Abolala Soudavar and Saadi Soudavar ("Plaintiffs") were substantial shareholders in the Khawar Industrial Group ("KIG"), one of the largest industrial enterprises in Iran and a licensee of Mercedes-Benz. In 1979, Iran expropriated the Plaintiffs' property and nationalized KIG. Although the law instituting the nationalization made certain provisions for the compensation of KIG...

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