Iranian asset freeze and Algiers Accords (1979-1981)
After Iran seized US embassy hostages, President Carter froze about $12 billion in Iranian assets. The Algiers Accords released the hostages and routed claims to the Iran-US Claims Tribunal at The Hague, blocking US courts from hearing the disputes directly.
The tribunal paid out billions to US claimants over four decades using the frozen Iranian funds.
The arrangement became the template for resolving expropriation disputes through specialized commissions instead of domestic civil suits.
Helms-Burton Title III did the opposite of the Iran model. It pushed Cuban expropriation claims into ordinary US courts instead of a commission, and Thursday's ruling shows why presidents avoided that path for 23 years.
