Iran’s appeal to the UK Supreme Court; Crescent case enters most sensitive phase

According to Energy Press, the official website of the Supreme Court of England has announced that the complaint of the National Iranian Oil Company has been registered with the reference number UKSC/2025/0190 and is to be heard by the highest judicial body of the country.
According to the information published on the official website of the Supreme Court of England, this case has been registered as an appeal as of right; a term that in the English legal system refers to disputes that, according to regulations, are subject to final review in the Supreme Court without the need to obtain separate permission from the court itself and can only be filed by observing the legal conditions and deadlines. In this context, the appeal of the National Iranian Oil Company in this case has been classified under the same mechanism and the Supreme Court has accepted and officially registered it in accordance with the procedure.
This development comes after the UK Court of Appeal ruled in favour of the Emirati company Crescent, raising the possibility of enforcing the seizure order for the building known as “Oil House” on London’s Victoria Street.
Crescent claims that the National Iranian Oil Company transferred the property known as “NIOC House” to the Oil Industry Employees Pension and Welfare Fund after an international arbitration award was issued in its favour in order to remove its assets from the reach of creditors.
Last year, the London Court of First Instance, citing section 423 of the Bankruptcy Act, described the transfer as “a transaction of less than its actual value and with the aim of preventing the collection of a claim” and ruled that the transfer was invalid. This decision was upheld by the Court of Appeal on 8th October 1404, but due to a disagreement between the three judges of this authority, it was possible to refer the case to the Supreme Court.
On October 11, Iranian lawyers filed an appeal with the Supreme Court, using this opportunity, and now, with the acceptance of this appeal, new hope has emerged for a legal review of the ruling. In fact, with the Supreme Court entering the matter, the fate of the execution of this ruling is tied to the outcome of the hearing in the highest judicial authority in England, and any action regarding the aforementioned building will inevitably be in light of the final decision of this authority.