Tag Archives | Alavi Foundation

Jury finds US may seize Iran-Linked Office Tower

A jury in New York has found that the US government may seize a Manhattan office building from a nonprofit foundation accused of violating US sanctions against Iran. The court found that the Alavi Foundation, majority owner of the office tower, knew that its partner and the building’s minority owner, Assa Corp, was a front […]

US can’t seize Manhattan Tower “owned by Iran”

A US court has said that the government cannot seize a 36-story Manhattan office tower originally built by the Shah of Iran, whose owners it claimed were fronts for the Iranian government. According to Reuters, the court also found that hundreds of victims of alleged “terrorist acts” linked to Iran could not force the owners […]