The World Bank rules in favor of Iraq in a lawsuit filed by a Kuwaiti company
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
The World Bank rules in favor of Iraq in a lawsuit filed by a Kuwaiti company
[size=30]The World Bank rules in favor of Iraq in a lawsuit filed by a Kuwaiti company[/size]
2021.02.22

Baghdad - People
The International Center for Settlement of Investment Disputes, affiliated to the World Bank, responded, on Monday, to the case against the Republic of Iraq represented by the Media and Communications Authority filed against it by the Kuwaiti company Agility, according to an official ruling issued by the Center.
The Media and Communications Commission stated, in a statement, that "Nass" received a copy of it, (February 22, 2021), that "in 2017, Agility filed a lawsuit against the Republic of Iraq with the International Center for Settlement of Investment Disputes in Washington regarding its investments in the Iraqi company Cork Telecom, which is reported About 800 million US dollars. "
The statement added, "As a result, the Media and Communications Commission, as one of the parties to the lawsuit, was assigned the task of defending the rights of the Republic of Iraq and contracting with one of the largest international companies specialized in international arbitration cases, in coordination with the Prime Minister’s office, the Ministries of Justice and Foreign Affairs, our embassy in Washington, and specialized international advisers."
According to the statement, the Commission continued its "procedures for a period of more than four years and with continuous efforts and exceptional efforts, these efforts were successful in preserving the rights of the Republic of Iraq, as the International Center for Settlement of Investment Disputes of the World Bank issued today, Monday, February 22, 2021, its decision to return The lawsuit, which was to hold the Republic of Iraq to pay huge sums of money in exchange for an investment decision taken by the Kuwaiti company Agility and its French partners, France Telecom in 2011 with Korek.
The statement pointed out that "the international decision included refuting all the arguments used by Agility company, including defaming the authority in charge of the commission and deliberate slandering in distorting the image of Iraqi officials. The International Center charged Agility company with paying costs amounting to more than 5 million US dollars for the benefit of the Republic of Iraq.
The statement continued, "With regard to this decision and fair international arbitration, the commission renews its assertion that its keenness and cooperation of all Iraqi parties in protecting the rights of the state had a great impact on winning one of the most important international arbitration cases and preserving Iraq's international reputation and the integrity and transparency of institutional procedures."
claud39- VIP NewsHound
- Posts : 17465
Join date : 2018-11-04
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» The Great Reset is Coming for the Currency
» Parliamentary Committee Calls for "Limiting Dollar Bleeding"
» Lebanon is not the first .. 4 Arab countries suffer from the collapse of the currency
» Parliamentary Finance confirms that the budget file has not been resolved due to Kurdistan’s share
» Looking for exchange information
» The Central Bank decides to reduce all the benefits of the loans granted within the 1 trillion dinars initiative
» Parliament calls on the Finance Committee to expedite the submission of a proposed report on the law of the Iraq Sovereign Fund
» The First Deputy Speaker of Parliament calls for an urgent pause to return to the previous dollar exchange rate
» Finance announces a payroll tax and responds to calls for a dollar cut
» Dave Schmidt - Back To The "Gold Funding the Exchange" With The Dragon Family!
» Guru Pimpy: "This is just 'look at everybody jumping on this like they're going to change the rate again' " 3/2/21
» Guru Jeff: "That's just more confirmation they're in the progress of changing that exchange rate" 3/2/21
» Guru Petra: "if they were going to have a budget at 1450 or even 1190 they'd have done it" 3/2/21
» Footforward: "From what I've been told there are three baskets currently in play" (Told??? LOL) 3/2/21
» Frank26: "the Iraqi dinar is about to play fair with the American dollar. It's pegged to it" 3/2/21
» Guru Pimpy: "I've been trying to figure it out for the last few days" (No "RV", Right?) 3/1/21
» Adam Montana: ""raise the price of the dollar". (That's a good thing for us!)" <--- (The Stupid Is Strong With This One!) 3/1/21
» Guru Jeff: "I strongly feel the rate will come in around the $3.80 range" (Wearing His DUNCE Hat) 3/1/21
» Video - Frank26 - IN THE NEAR PROXIMAL FUTURE - HIGH ALERT! (Frank Dressed In Red)3/1/21
» Judy! : "Tier 4B notification was imminent to obtain appointments to exchange/ redeem at the special rates" 3/2/21
» MarkZ: "Paymasters are staying in position….nobody is leaving" (Are They Still Delivering Pizza And Setting Up Cots? LOL) 3/2/21
» MILITARY INTEL CONTACT UPDATE: "T-4 B should be finished and completed in 14 days for the MARCH IDUS" 3/2/21
» New Guru Holly Celiano: "4B will have 10 days to keep your appointments" 3/2/21
» Mnt Goat News Brief - (Guru Portion Only) 3/2/21
» Oil is on the rise and optimism for the recovery of the global economy
» Al-Bajari: The budget is based on support for agriculture and industry and a significant reduction in the deficit
» Al-Kazemi's financial advisor: The oil price difference bridges the budget deficit
» Dollar exchange rates in the local market today 3/2/21
» Iraq's oil exports to America exceed 3 million barrels within a month
» Parliamentary work: To vote on the private sector retirement law soon
» International Monetary Fund: Iraq is capable of achieving comprehensive development
» Al-Kazemi government takes 6 new decisions
» Advisor Al-Kazemi: Wars and political changes have prevented Iraq from overcoming the rentier economy
» Parliamentary Finance: At the end of this week, the budget will be passed
» Al-Kazemi responds to charges against the cash reserve
» Parliamentary Finance: There is no agreement on the region’s share yet
» Saleh: proposals to establish a sovereign wealth fund
» International Monetary Fund to "Al-Sabah": Iraq is capable of achieving comprehensive development
» The Euphrates Center discussed: the causes and repercussions of the double economic shock in Iraq