International Military Services Ltd (IMS Ltd) is a private limited company, albeit one owned by the Secretary of State for Defence. The company is under the direct control and management of a board of directors who are responsible for the conduct of its affairs. Questions on the legal and contractual issues between IMS Ltd and the republic of Iran are routinely for the company to address.
However, I asked my officials to consult the managing director of IMS about this case. His advice is that discussions between the two parties continue, and are leading to resolution of all of the outstanding issues.
I will update this House when these matters are fully resolved, and it is my intention at that time to wind up IMS Ltd.