Recent circular on terms of the witnesses testimony

Testimony is one of the important evidence in substantiation of claims. However, in some cases, it faces different challenges due to the lack of credibility of people who appears in court, and they do not have the status of witnesses according to Iran’s Civil Code.

To preserve the credibility of the testimony of witnesses, the head of the judiciary issued a circular to protect them and to validate the testimony of witnesses in the judiciary. This circular is also released to prevent the deviation of investigations and trials by false witnesses and perjury.

According to the new circular, the parties to the case have to take the following measures:

  1. The judiciary shall arrange the possibility of registering the details of the witness’s information in the judicial system (SAMP).
  2. The judges of the courts and tribunals shall ascertainment of witnesses in the mentioned system and check their background.
  3. In case of discovery perjury and collusion during the investigation, the necessary actions should be taken immediately, to prosecute the perpetrators.
  4. The respective judicial sectors should take appropriate measures to identify and introduce persons who are professionally present around the judicial units and, in return, for obtaining property or privileges, to make false evidence in judicial authorities.

Legal Entities are in need to obtain a license for providing legal services

By the verdict of the General Board of the Administrative Justice Court of Iran, legal entities are required to obtain a license from the Bar Association or the Judicial Advisory Center for Legal Affairs from now on if the wish to engage in providing legal services.

According to the former circular of director-general of Company Registration Office, there was no need for legal entities to obtain a license from mentioned institution. This circular was misused for the registration of legal entities without the presence of an attorney or a legal counsel paves the way for the involvement of non-specialized persons and will bring harm to the public.

The legal basis for this verdict is to protect people’s rights and to exercise their rights to be consulted by persons who are specialized in this matter.

India Allows Investment in rupees in Iran

India Allows Investment in rupees in Iran

Indian government sources have said that New Delhi has recently allowed investment in Indian rupees in Iran, the Again Age reported on Friday.
The announcement was made simultaneous with Iranian President Hassan Rouhani beginning his visit to India from Hyderabad on Thursday.
Sources said this will not violate U.S. sanctions on Iran since transaction will not be in U.S. dollars. The Indian move will hugely help the Iranian economy as it will draw in more Indian investment into Iran.
If an Indian businessman wants to invest a certain amount in rupees in the bona fide concerned Iranian account in one of the Indian banks and the equivalent amount of Iranian rials will then be deposited in the venture in Iran, sources said.
India’s contribution to the development of Iran’s Farzad B gas field in the Persian Gulf and its operation of Chabahar Port in southeast of Iran are among the issues to be discussed between President Rouhani and Prime Minister Narenda Modi on Saturday during delegation-level talks.

Russian off-road SUVs come back to Iran

Russian off-road SUVs come back to Iran

TEHRAN, Mar. 13 (MNA) – The famous Russian automobile manufacturer UAZ is poised to begin production of its iconic off-road vehicles in Iran.

Ulyanovsky Avtomobilny Zavod (Ulyanovsk Automobile Plant), better known around the world by its acronym UAZ, is about to begin production of its UAZ Patriot SUVs and pickup trucks in Iran.

The necessary arrangements, along with the signing of several pertinent contracts, were made during the Iran Auto Show 2017, an international expo which was held in Tehran in February.

Andrey Dorofeev, UAZ Export Sales Director, told Sputnik Persian that the company first needs to assess the capacity of the Iranian market and the demand for its products before beginning manufacturing.

Tehran, Muscat ink banking MoU

Tehran, Muscat ink banking MoU

TEHRAN, Mar. 13 (MNA) – A cooperation agreement has been signed between central banks of Iran and Oman aiming to boost banking cooperation between the two sides.

A joint session between central banks of Iran and Oman as well as a number of commercial banks of the two countries was convened in Tehran where Governor of Central Bank of Iran (CBI) Valiollah Seif voiced satisfaction towards presence of Hamood bin Sangour bin Hashim Al Zadjali, Executive President of the Central Bank of Oman, as well as Sayyid Badr Hamad Al-Busaidi, Secretaries General of the Omani Ministry of Foreign Affairs adding “proper grounds now exist for dialogue between banks of the two sides, an issue which can lead to future cooperation.”

He noted pointed to the age-old history of political ties between the two sides though economic relations have remained undeveloped and require careful planning before they reach satisfactory levels.

Iranian, South Korean companies sign €3b petrochemical deal

Iranian, South Korean companies sign €3b petrochemical deal

TEHRAN, Mar. 12 (IRNA) – Iran’s Ahdaf Investment Company and South Korea’s Hyundai Engineering Company signed an agreement worth three billion euros to construct part of a petrochemical project in Iran.

“The financing of this project will be finalized within nine months at the rate of 95 percent … by South Korean banks,” said Managing Director of Ahdaf Investment Company Asghar Arefi, who signed the accord.

Arefi said the first phase of the Kangan project was 30 percent completed with an investment of nearly 120 million euros.