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S. Clark
Petitioner's relationship with Clark International Marketing
S.A. and its affiliates (all of which will be referred to
collectively as Clark) dates back to at least 1966. On June 6,
1966, petitioner signed an agreement designating Diesel Power as
sales representative for Clark products. Petitioner signed this
agreement as Director General of Diesel Power. In 1972
petitioner, on behalf of himself and CTC, agreed to honor all
unpaid obligations in the form of drafts or account charges
incurred by Diesel Power. On May 1, 1973, Clark and Diesel Power
entered into a distributor agreement. By this agreement, Diesel
Power would market Clark products, and Clark would sell its
products in Iran exclusively to Diesel Power. Mr. Khalatbari
signed this agreement on behalf of Diesel Power. On May 1, 1975,
another distributor agreement identical to the 1973 agreement was
entered into in the names of Diesel Power and CIMSA, a Clark
affiliate. Mr. Khalatbari also signed that agreement on behalf
of Diesel Power.
Although Mr. Khalatbari signed the Clark agreements,
petitioner and CTC were in control of important matters and
policy decisions. In August 1973, Mrs. Meier wrote to Clark on
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