By John Lee. Iraq's Ministry of Justice has said it has successfully defended Iraq in a $1-billion international arbitration case filed by Germany's AHG Industry GmbH & Co. KG at the World Bank's International Centre for Settlement of Investment Disputes (ICSID). According to the statement from the Ministry on Tuesday (11th March), the dispute stemmed […]
By John Lee. The Iraqi Oil Pipelines Company has rehabilitated the six-inch fuel oil pipeline extending from the "June 1" depot to the Kirkuk Cement Plant in Lilan, southeast of Kirkuk. According to a statement from the Ministry of Oil, the pipeline, inactive for over three years, is now fully operational. Ali Abdul Kareem Al-Moussawi, […]
By John Lee. The World Bank's International Center for Settlement of Investment Disputes (ICSID) has appointed an ad hoc committee to consider the possible annulment of an award made in favour of the Iraqi Government, in relation to a dispute over the alleged takeover of a cement factory in Kirkuk. Germany's AHG Industry GmbH & […]
By John Lee. Germany's AHG Industry GmbH & Co. KG has applied for an annulment of the recent award made in favour of the Iraqi Government, in relation to a dispute over the alleged takeover of a cement factory in Kirkuk. The World Bank's International Center for Settlement of Investment Disputes (ICSID) had previously dismissed […]
By John Lee. The World Bank's International Center for Settlement of Investment Disputes (ICSID) has reportedly dismissed a German investor's claim arising out of the Iraqi Government's alleged takeover of a cement factory in Kirkuk. In the case (ICSID Case No. ARB/20/21), AHG Industry GmbH & Co. KG was said to be claiming $878 million […]
