The Ministry of Justice announced these days, Tuesday, the settlement of an arbitration dispute really worth a billion dollars in opposition to a German organisation.
The ministry said in a statement acquired by using /dinaropinions.com that it “succeeded, represented through the felony branch, in settling an international arbitration dispute in choose of the Republic of Iraq, after a decision become issued to reject the lawsuit filed by way of the German business enterprise (AHG), which demanded economic reimbursement of one billion greenbacks before the international center for agreement of funding Disputes (ICSID).”
It brought that “this is against the backdrop of the settlement to rehabilitate and perform the Kirkuk Cement Plant among the Iraqi trendy Cement employer and the German companies (AHG), the middle East and Salah al-Din preserving.”
according to the assertion, the Director widespread of the legal branch, Haitham Mohie Radhi, explained that “the ministry has observed up on the case because 2018 thru in depth prison sessions and procedures, till the arbitration panel issued a selection to reject the lawsuit and the claims of the German organization,” stressing that “this choice represents an vital criminal success that consolidates the efforts of the Ministry of Justice to guard Iraq’s rights across the world and protect them before international judicial boards.”
