Few events have so captured the world's attention as the seizure by Iranian "students" of the United States embassy in Teheran, & the holding of American hostages for 444 agonizing days. It is hard to believe that almost two decades have passed since those momentous events, but they have remained fresh in the minds of all who took part, & they were vividly recalled at a historic conference held at New York University School of Law. This book records that conference, bringing together the recollection of more than thirty participants from the United States & abroad, as well as the documents necessary to understand the crisis & its resolution. The book focuses first on the events surrounding the seizure of the Embassy & the freezing of Iranian assets world-wide; second on the frustrating & complex negotiations with Iran, culminating in the Algiers Accords signed on the last day of the Presidency of Jimmy Carter; & third on the creation & functioning of the Iran-United States Claims Tribunal, whose work over more than fifteen years in adjudicating controversies between states & private parties is the most thorough illustration of modern international law in action. The authors of this volume include the principal officials of the White House, Treasury, & Federal Reserve involved in the seizure of Iran's assets; several of the principal negotiators of the Algiers Accords; lawyers on both sides of the litigation of claims against Iran in U.S. courts; the first President of the Iran-U.S. Claims Tribunal as well as five other judges of that Tribunal; & two former Legal Advisers of the State Department & several of their associates. Altogether, the book presents a unique blend of history, politics, economics, & law, important both to scholars & for the general reader.