Iranian human rights lawyer Nasrin Sotoudeh in 2008 poses for a photograph in her office in Tehran, Iran. AP
Iranian human rights lawyer Nasrin Sotoudeh in 2008 poses for a photograph in her office in Tehran, Iran. AP
Iranian human rights lawyer Nasrin Sotoudeh in 2008 poses for a photograph in her office in Tehran, Iran. AP
Iranian human rights lawyer Nasrin Sotoudeh in 2008 poses for a photograph in her office in Tehran, Iran. AP

Iranian human rights lawyer sentenced to 38 years in jail and lashes


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A jailed Iranian human rights lawyer has been sentenced to 38 years in prison and 148 lashes, after hardline cleric Ebrahim Raisi was appointed the new head of the judiciary.

Nasrin Sotoudeh's husband on Monday announced the sentence through Facebook, without specifying what charges her wife faced.

Ms Sotoudeh had previously served about half of a six-year jail sentence imposed in 2010 for allegedly spreading propaganda and conspiring to harm state security – charges she denied. In 2012 she embarked on a 50-day hunger strike against a travel ban on her daughter. She was finally freed in 2013.

In 2018 she represented a group of women who had removed their headscarves in public to protest the country's Islamic dress code for women.

Ms Sotoudeh is just one of a number of human rights advocates targeted in a government crackdown since the beginning of 2018, according to Human Rights Watch. “Especially when it comes to cases of human rights defenders like Nasrin Sotoudeh, Iranian authorities blatantly disregard due process rights,” said Sarah Leah Whitson, Middle East director at Human Rights Watch, last year. “Apparently what authorities fear greatly is advocating respect for human rights.”

Ms Sotoudeh's lawyer, Payam Derafshan, told the Islamic Republic News Agency (IRNA) in December that Sotoudeh – arrested last June – had been charged with spreading information against the state, insulting Iran's Supreme Leader and spying.

Her case then caused an international outcry in which the United States and the human rights group Amnesty International criticised the Islamic Republic.

“Now Iran is not only arresting dissidents, human rights defenders, and labour leaders," Michael Page of Human Rights Watch said in December. "Their lawyers as well, criminalising their fundamental freedoms. Lawyers should be the cornerstone of protecting the rights of the accused, but in Iran, they are just another enemy of repressive authorities.”

According to the UN Basic Principles on the Role of Lawyers, they must be allowed to carry out their “without intimidation, hindrance, harassment or improper interference” and do so with freedom of expression.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Rafael Nadal's record at the MWTC

2009 Finalist

2010 Champion

Jan 2011 Champion

Dec 2011 Semi-finalist

Dec 2012 Did not play

Dec 2013 Semi-finalist

2015 Semi-finalist

Jan 2016 Champion

Dec 2016 Champion

2017 Did not play

 

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