Region: Iraq

Kuwaiti group revives telecoms claim against Iraq

Kuwaiti logistics group Agility has said it will refile an ICSID claim against Iraq over a telecoms investment marred by alleged corruption after its bid to annul an award in the state’s favour was partially upheld.

12 February 2024

French court upholds seizure of Iraqi bank assets

The Paris Court of Appeal has allowed a Dutch supplier of night vision goggles to seize funds belonging to Iraq’s second-largest bank to satisfy a pair of ICC awards issued against Iraqi ministries two decades ago.

07 August 2023

DIFC court won’t restrain enforcement against Kurdistan

A court in Dubai’s financial freezone has refused to grant an injunction to prevent enforcement of a US$490 million judgment against Iraqi Kurdistan pending an ICC arbitration.

19 July 2023

Orange and Agility apply to confirm Iraqi telecoms award

A joint venture between Kuwait’s Agility and France’s Orange has asked a US court to enforce a US$1.6 billion ICC award against an Iraqi businessman over its investment in a mobile operator.

06 July 2023

Cayman court injuncts Iraqi businessman in telecoms feud

Kuwait’s Agility and France’s Orange have won a Cayman freezing injunction against a prominent Iraqi businessman and military commander in aid of efforts to enforce a US$1.6 billion ICC award.

22 June 2023

Iraq’s central bank ordered to pay Emirati group

A sole arbitrator at the ICC has ordered the Central Bank of Iraq to pay damages to an Emirati group in a dispute over the construction of the bank’s new headquarters – refusing to hear allegations of fraud that the claimant says has led to the wrongful imprisonment of two of its employees.

09 June 2023

Panel hears claim against Iraq under OIC agreement

A Lebanese power plant investor’s claim against Iraq under the Organisation of Islamic Cooperation investment agreement is underway at the Permanent Court of Arbitration, as a parallel contract-based claim worth US$108 million plays out at ICSID.

09 May 2023

Iraq asks US court to enforce against Turkey

Iraq has applied to a US court to enforce an ICC award issued in a multibillion-dollar dispute with Turkey over crude oil exports, putting the award in the public domain and confirming that neither side was entirely successful.

11 April 2023

Iraq and Turkey see award in multibillion oil dispute

UPDATED: An ICC tribunal has awarded just under US$1.5 billion to Iraq in a decade-long dispute with Turkey over crude oil exports from the semi-autonomous Kurdistan region – though Turkey says it defeated most of the claims and has also been granted compensation.

27 March 2023

Agility wins bribery claim against Iraqi mobile operator

Kuwaiti logistics group Agility says two of its affiliates have won US$1.65 billion in an ICC claim against an Iraqi mobile operator that was found to have engaged in bribery and corruption.

21 March 2023

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