Beginning in 1989, the buy-back method of transaction has become a feature of the national economy. It is being supported by the government as an efficient means of attracting foreign capital, services and technical know-how, while reducing foreign exchange expenditures, and expanding exports. A number of buy-back arrangements have been implemented with various countries, and efforts for more such deals continue . The specific procedures for entering into buy-back agreements with Iranian parties are explained below.
What are the legal bases for buy-back transactions in Iran ?
How does Iranian law define a buy-back transaction ?
What exactly is meant by the terms Supplier and Buyer ?
What guarantees are provided in buy-back contracts for their proper execution and fulfillment ?
How is the collateral needed for issuing bank guarantees evaluated ?
How effective is the guarantee issued by the concerned managing bank, regarding the payment of the supplier's installments through the export of goods and services ?
What are the characteristics of a buy-back contracts ?
What are the other main points to be included in a buy-back contract ?
According to the contract, what will be the method for paying sums due the supplier?
How stable are permits related to buy-back transactions ?
To what extent can the conditions included in contracts be altered ?
How are disputes between parties to a buy-back transaction settled ?
Which authority is charged with supervising the execution of buy-back transactions ?