Region: Iraq

A London-listed energy company has been ordered to pay nearly US$27 million in costs to the Kurdistan regional government of Iraq after losing a US$1.75 billion LCIA arbitration over two oil and gas fields. 

07 April 2025

A German investor’s bid to revive a billion-dollar claim against Iraq over a cement plant has come to an end, after annulment proceedings were discontinued for non-payment of the required advances.

11 March 2025

A Paris court has blocked a Dutch supplier of night vision goggles from executing a two-decade-old pair of ICC awards against Iraqi state assets that were previously frozen because of EU sanctions.

07 March 2025

The Amsterdam Court of Appeal has enforced an ICC award worth US$85 million plus interest against an Iraqi state entity over a salvage contract while setting off amounts it was granted in a separate award. 

04 March 2025

A US court has paused a bid by a subsidiary of Kuwait’s Agility to enforce a US$490 million judgment against the Kurdistan regional government of Iraq, after the group refiled a related ICSID claim.

09 December 2024

An LCIA tribunal has found that the Kurdistan regional government of Iraq validly terminated production-sharing contracts for two oil and gas fields, dismissing a US$1.75 billion counterclaim by a London-listed energy company.

03 December 2024

Kuwaiti logistics group Agility says it has won an ICC award worth over US$1.17 billion in another arbitration against Iraqi mobile operator Korek Telecom.

16 September 2024

A consortium led by Emirati energy company Dana Gas has filed for arbitration against a Canadian contractor that halted work on a US$800 million gas project in Iraqi Kurdistan in the wake of a fatal drone attack. 

10 September 2024

A Dutch court has enforced an ICC award ordering the Central Bank of Iraq to pay damages to an Emirati group over the construction of the bank’s headquarters, dismissing allegations of fraud. 

09 September 2024

Iraq and one of its state-owned entities have failed to reverse the confirmation of a US$120 million ICC award relating to the construction of a sea wall after a US court rejected their sovereign immunity arguments. 

22 August 2024