Region: 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

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

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

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

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

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

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 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

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

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