FAC No. 113584

Date issued: Aug. 20 1989

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TURBOFAC Commentary (645 words)

Notes:

1) For general background on the litigation to which this item and several others in the Research System pertain, see Background Note re: United States v. Alavi Found. (In re 650 Fifth Ave. & Related Props.) and Related Cases. The following assumes familiarity with that background.

2) This letter was sent prior to the enactment of any of the modern Iran-related executive orders, and long after the signing of the Algiers Accords and the implementation of associated "transfer directives" in the IACR, particularly 535.215 (Direction involving other properties in which Iran or an Iranian entity has an interest held by any person subject to the jurisdiction of the United States). As other cases have, this episode demonstrates that, while the IACR is often overlooked, there are odd situations in which the fact that...