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The House of Representatives votes on two laws and ends the debate on the fiscal deficit bill DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

The House of Representatives votes on two laws and ends the debate on the fiscal deficit bill

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The House of Representatives votes on two laws and ends the debate on the fiscal deficit bill Empty The House of Representatives votes on two laws and ends the debate on the fiscal deficit bill

Post by claud39 on Sat Nov 07, 2020 10:17 am

[size=32]The House of Representatives votes on two laws and ends the debate on the fiscal deficit bill[/size]







 11/07/2020
 The House of Representatives votes on two laws and ends the debate on the fiscal deficit bill Md-2018-2-800x445


The House of Representatives voted in its nineteenth session, which was held under the chairmanship of Mr. Mohamed Al-Halbousi, Speaker of the House, today, Saturday 7/11/2020, and in the presence of 182 deputies, two laws, and ended the reading of five laws, including the law on financing the deficit.


At the beginning of the session, Representative Mona Al-Amiri read a statement denouncing the criminal attack that affected a number of women and a security associate in Diyala governorate and led to the death of five citizens, including an 85-year-old woman, demanding the arrest of the perpetrators and their judicial punishment, activating the intelligence effort in the region and increasing the security level in it. .


For his part, President Al-Halbousi, in the name of Parliament, denounced all criminal acts that affect citizens in a number of provinces, including Diyala Governorate, calling on security forces to intensify their efforts to preserve the lives and safety of citizens, directing the Security and Defense Committees, the Mirror, Family and Childhood, and the gathering of parliamentarians to visit the families of the victims in Diyala And to see the causes of the accident.


The council read Surat Al-Fatiha as a mercy for the souls of all the martyrs of Iraq.


The Council requested the vote on the draft law ratifying the agreement to accelerate cooperation in the economic field and energy affairs between the government of the Republic of Iraq and the government of the Republic of South Korea submitted by the committees on foreign relations, oil, energy, natural resources, economics and investment until it is studied by the members of the Council.


The Council voted on the draft law on the accession of the Republic of Iraq to the Second Protocol to the Hague Convention of 1954 on the protection of cultural property in the event of armed conflict, submitted by the Committees on Foreign Relations, Culture, Tourism and Antiquities to enhance the protection of cultural property in the event of armed conflict and for the purpose of protection over movable cultural property by strengthening legal protection And criminalizing the people who commit it.


The Council requested the draft law ratifying the United Nations Convention on Transparency in Treaty-based Investor-State Arbitration submitted by the Foreign Relations Committee until the opinion of the relevant committees is taken.


The Council also postponed the vote on the proposal of the Law of the First Amendment to the Law of the Judicial Supervision Authority No. (29) for the year 2016 submitted by the Legal Committee until the proposal matures.


The Council voted on the draft law on joining the Republic of Iraq to the AIIB’s infrastructure agreement submitted by the Foreign Relations, Economy and Investment Committees, in order to build and rehabilitate infrastructure in Iraq and diversify its sources of financing.


In another context, a number of women and gentlemen demanded that the relevant parliamentary committees adopt a financial reform vision to avoid throwing Iraq into heavy debts as a result of the internal and external borrowing that the government adopts to finance the financial deficit.


For his part, President Al-Halbousi stressed the need to support the government in its measures of reforms at all levels and strengthen the foundations of the economy, calling on the government to take preventive measures to address the decline in global oil prices and the Finance, Economy and Investment Committees to provide the necessary requirements to achieve the desired reform in the best interest of the country.


During the session chaired by Mr. Hassan Al-Kaabi, First Vice President of the Council, the Council ended the reading of a report and discussion of the draft law on financing the fiscal deficit submitted by the Financial Committee.


The Finance Committee expressed its reservation not to submit the draft federal budget law for the year 2020 and the existence of a clear exaggeration in the estimates of the amount of borrowing, calling for reducing all items of expenditures and limiting them to the necessary priorities and supporting investment projects according to disbursement mechanisms that depend on fairness in distribution, stressing the need to pursue a wise policy for debt management The year in coordination with the monetary policy and controlling the revenues of the lost customs ports and the automation of customs and tax collection, as well as the collection of debts owed by telecommunications companies and institutions operating in Iraq, indicating that the deficit in the draft law amounted to (41.6) trillion dinars, i.e. by (72) Percent to total expenditures.


The interventions of the ladies and gentlemen on the draft law focused on the need for the Council to review the financial data from the Central Bank and clarification from the government to know the source of borrowing, its mechanisms and its impact on the Iraqi reserve, in addition to legal objection to the voting procedures on the draft law on financing the fiscal deficit.


The interventions during the session, partly headed by Mr. Bashir Haddad, demanded a serious discussion of the financial crisis with the government, as it threatens to cause a financial collapse with negative repercussions on society, and the call for adding job grades for those dismissed from the Ministry of Interior in Nineveh Governorate and disbursing farmers' dues, and asking the government to develop a plan for austerity And reduce extravagance in ministries and control of border crossings to address the current financial crisis.


For its part, the concerned committee affirmed that taking into consideration all the valuable comments and proposals submitted by the ladies and gentlemen, and including them in the draft law before voting on it.


In the same regard, the Council completed the reading of the report and the discussion of the draft law ratifying the agreement to avoid double taxation and prevent financial evasion with regard to taxes on income and capital between the government of the Republic of Iraq and the government of the State of Kuwait submitted by the Foreign Relations Committee.


The Council completed the reading of the report and discussion of the draft law on the accession of the Republic of Iraq to the Convention on the Recognition and Implementation of Foreign Arbitration Decisions (New York 1958) submitted by the Foreign Relations and Legal Committees.


The Council completed the reading of the report and the discussion of the draft law abolishing Law No. (127) of 1981, the Ratification Law of the Arab Labor Convention No. (10) of 1979 regarding paid study leave and the Arab Recommendation No. (3) of 1979 attached to it and submitted by the Foreign Relations Committee.


The Council concluded reading the report and discussion of the draft law on the accession of the Republic of Iraq to the International Convention on Oil Pollution Preparedness, Response and Cooperation (OPRC90) of 1990 submitted by the Foreign Relations Committee.


After that, it was decided to adjourn the session to next Monday 9/11/2020.
 
Media Department
Parliament
7/11/2020


https://ar.parliament.iq/2020/11/07/%d9%85%d8%ac%d9%84%d8%b3-%d8%a7%d9%84%d9%86%d9%88%d8%a7%d8%a8-%d9%8a%d8%b5%d9%88%d8%aa-%d8%b9%d9%84%d9%89-%d9%82%d8%a7%d9%86%d9%88%d9%86%d9%8a%d9%86-%d9%88%d9%8a%d9%86%d9%87%d9%8a-%d9%85%d9%86%d8%a7/
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The House of Representatives votes on two laws and ends the debate on the fiscal deficit bill Empty The New York Arbitration Convention on the Recognition and Enforcement of Foreign Arbitral Awards, New York, 10 June 1958 Alt text here The New York Arbitration Convention on the Recognition and Enforcement of Foreign Arbitral Awards, New York, 10 June 19

Post by claud39 on Sat Nov 07, 2020 10:21 am


  • The New York Arbitration Convention

    on the Recognition and Enforcement of
    Foreign Arbitral Awards, New York, 10 June 1958

    The House of Representatives votes on two laws and ends the debate on the fiscal deficit bill 16802


  • The New York Arbitration Convention

    on the Recognition and Enforcement of
    Foreign Arbitral Awards, New York, 10 June 1958






The House of Representatives votes on two laws and ends the debate on the fiscal deficit bill 16795


Convention on the Recognition and Enforcement of Foreign Arbitral Awards

Concluded in New York June 10, 1958
Approved by the Federal Assembly March 2, 1965
Instrument of ratification deposited by Switzerland on 1 st June 1965
Entry into force for Switzerland August 30, 1965

(As of 1 st May 2013)
Art. I
1. This Convention shall apply to the recognition and enforcement of arbitral awards rendered in the territory of a State other than that where recognition and enforcement of awards are sought, and arising out of disputes between natural persons or moral. It also applies to arbitral awards which are not considered to be national awards in the State where their recognition and enforcement are sought.
2. By “arbitral awards” is meant not only awards rendered by arbitrators appointed for specific cases, but also those rendered by permanent arbitration bodies to which the parties have submitted.
3. At the time of signing or ratifying this Convention, acceding to it or making the notification of extension provided for in Article X, any State may, on the basis of reciprocity, declare that it will apply the Convention. to the recognition and enforcement only of awards rendered in the territory of another Contracting State. It may also declare that it will apply the Convention only to disputes arising from legal relationships, contractual or non-contractual, which are considered as commercial by its national law.

Art. II
1. Each of the Contracting States recognizes the written agreement by which the parties undertake to submit to arbitration all disputes or certain disputes which have arisen or may arise between them on the subject of a given legal relationship, contractual or non-contractual, relating to a question likely to be settled by arbitration.
2. By "written agreement" is meant an arbitration clause inserted in a contract, or a compromise, signed by the parties or contained in an exchange of letters or telegrams.
3. The court of a Contracting State, seized of a dispute on a question on which the parties have concluded an agreement within the meaning of this article, shall refer the parties to arbitration, at the request of one of the parties. 'them, unless it finds that the said agreement is null and void, inoperative or not capable of being applied.

Art. III
Each of the Contracting States shall recognize the authority of an arbitral award and grant the execution of such award in accordance with the rules of procedure followed in the territory where the award is invoked, under the conditions established in the following articles. For the recognition or enforcement of arbitral awards to which this Convention applies, there shall be no significantly more stringent conditions, nor significantly higher court costs, than those imposed for the recognition or enforcement of national arbitral awards.

Art. IV
1. To obtain the recognition and enforcement referred to in the previous article, the party requesting recognition and enforcement must provide, at the same time as the request:
a.The duly authenticated original of the award or a copy of this original meeting the conditions required for its authenticity;b.The original of the agreement referred to in article II, or a copy meeting the conditions required for its authenticity.
2. If the said award or agreement is not drawn up in an official language of the country where the award is invoked, the party seeking recognition and enforcement of the award shall produce a translation of these documents into that language. The translation must be certified by an official translator or sworn translator or by a diplomatic or consular agent.

Art. V
1. Recognition and enforcement of the award will not be refused, at the request of the party against which it is invoked, unless that party provides the competent authority of the country where recognition and enforcement are sought with proof:
a.Whether the parties to the agreement referred to in Article II were, under the law applicable to them, incapacitated, or that the said agreement is not valid under the law to which the parties have subordinate or, failing any indication in this regard, under the law of the country where the award was made; orb.That the party against whom the award is invoked has not been duly informed of the appointment of the arbitrator or of the arbitration procedure, or that it has been impossible, for some other reason, to assert its arguments ; orvs.Whether the award relates to a dispute not referred to in the compromise or not falling within the provisions of the arbitration clause, or that it contains decisions which go beyond the terms of the compromise or the arbitration clause; however, if the provisions of the award which relate to matters submitted to arbitration can be severed from those which relate to matters not submitted to arbitration, the former may be recognized and enforced; ord.That the constitution of the arbitral tribunal or the arbitration procedure was not in accordance with the agreement of the parties, or, in the absence of such agreement, that it was not in accordance with the law of the country where the arbitration took place. occurred; oris.That the award has not yet become binding on the parties or has been annulled or suspended by a competent authority of the country in which, or under whose law, the award was made.
2. Recognition and enforcement of an arbitral award may also be refused if the competent authority of the country where recognition and enforcement is requested finds:
a.That, according to the law of those countries, the subject of the dispute is not capable of being settled by arbitration; orb.That recognition or enforcement of the award would be contrary to the public order of this country.

Nature. WE
If the annulment or suspension of the award is requested from the competent authority referred to in Article V, paragraph 1 e , the authority before which the award is invoked may, if it considers it appropriate, stay the decision on enforcement of the sentence; it may also, at the request of the party seeking enforcement of the award, order the other party to provide suitable security.

Article VII
1. The provisions of this Convention shall not affect the validity of multilateral or bilateral agreements concluded by the Contracting States concerning the recognition and enforcement of arbitral awards and shall not deprive any interested party of the right which it may have to invoke an arbitral award in the manner and to the extent permitted by the law or treaties of the country where the award is invoked.
2. The Geneva Protocol of 1923 relating to Arbitration Clauses and the Geneva Convention of 1927 for the Execution of Foreign Arbitral Awards shall cease to produce their effects between the Contracting States of the day, and to the extent that the latter shall become bound by this Agreement.

Art. VIII
1. This Convention is open until 31 December 1958 for signature by any State Member of the United Nations, as well as any other State which is, or will subsequently become, a member of one or more specialized agencies of the United Nations. or party to the Statute of the International Court of Justice, or who has been invited by the General Assembly of the United Nations.
2. This Convention must be ratified and the instruments of ratification deposited with the Secretary-General of the United Nations.

Art. IX
1. All States referred to in Article VIII may accede to this Convention.
2. Accession shall be effected by depositing an instrument of accession with the Secretary-General of the United Nations.

Art. X
1. Any State may, at the time of signature, ratification or accession, declare that this Convention shall extend to all the territories which it represents at the international level, or to one or many of them. This declaration will come into effect upon the entry into force of the Convention for the said State.
2. Thereafter, any such extension shall be effected by notification addressed to the Secretary-General of the United Nations and shall take effect from the ninetieth day following the date on which the Secretary-General of the United Nations. The United Nations will have received the notification, or on the date of entry into force of the Convention for the said State if the latter date is later.
3. With regard to the territories to which this Convention does not apply at the date of signature, ratification or accession, each State concerned shall examine the possibility of taking the necessary measures to extend the Convention to these. territories, subject, where appropriate, where constitutional reasons so require, to the consent of the governments of those territories.

Art. XI
The following provisions will apply to federal or non-unitary States:
a.As regards the articles of this Convention which come under the legislative competence of the federal power, the obligations of the federal government shall be the same as those of the Contracting States which are not federative States;b.With regard to the articles of this Convention which fall within the legislative competence of each of the constituent states or provinces, which are not, under the constitutional system of the federation, required to take legislative measures, the federal government shall carry the as soon as possible, and with its favorable opinion, the said articles to the knowledge of the competent authorities of the constituent States or provinces;vs.A federative State party to this Convention shall, at the request of any other Contracting State transmitted to it through the Secretary-General of the United Nations, communicate a statement of the laws and practices in force in the federation and its constituent units, with regard to a particular provision of the Convention, indicating the extent to which effect has been given, by legislative or other action, to the said provision.

Art. XII
1. This Convention shall enter into force on the ninetieth day following the date of deposit of the third instrument of ratification or accession.
2. For each of the States which ratify or accede to the Convention after the deposit of the third instrument of ratification or accession, it shall enter into force on the ninetieth day following the date of deposit by that State of its instrument of ratification. ratification or accession.

Art. XIII
1. Any Contracting State may denounce this Convention by written notification addressed to the Secretary-General of the United Nations. The denunciation shall take effect one year after the date on which the Secretary-General of the United Nations receives the notification.
2. Any State which has made a declaration or notification in accordance with article X may subsequently notify the Secretary-General of the United Nations that the Convention will cease to apply to the territory in question one year after the date on which the Secretary General will have received this notification.
3. This Convention shall remain applicable to arbitral awards in respect of which proceedings for recognition or enforcement have been initiated before the entry into force of the denunciation.

Art. XIV
A Contracting State may not invoke the provisions of this Convention against other Contracting States except in so far as it is itself bound to apply this Convention.

Art. XV
The Secretary-General of the United Nations shall notify all States referred to in article VIII of:
a.The signatures and ratifications referred to in Article VIII;b.The accessions referred to in article IX;vs.The declarations and notifications referred to in Articles 1, X and XI;d.The date on which this Convention enters into force, in accordance with article XII;is.The denunciations and notifications referred to in Article XIII.

Art. XVI
1. This Convention, of which the Chinese, English, French, Russian and Spanish texts are equally authentic, shall be deposited in the archives of the United Nations.
2. The Secretary-General of the United Nations shall transmit a certified copy of this Convention to the States referred to in article VIII.
(Follow signatures)




http://www.newyorkconvention.org/french
claud39
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