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Presents a case on the Iran-U.S. Claims tribunal, dominant and effective nationality test and beneficial ownership of claims. The Saghi family's claim against Iran for its expropriation of a paper plant and distribution business; Tribunal on jurisdiction based on dominant and effective nationality of claimant; `Important caveat'; Case analysis.

The article provides information on the 2007 judicial activities of the International Court of Justice (ICJ). It states that the ICJ has issued four judgments including the Application of the Convention on the Prevention and Punishment of the Crime of Genocide (Bosnia and Herzegovina v. Servia and Montenegro) and the request of the Uruguay for the indication of provisional measures in Pulp Mills on the River Uruguay (Argentina v. Uruguay), which was denied by the Court. Meanwhile, the court has also interpreted various substantive and procedural provisions of the Vienna Convention.