Iraq Wins in $1bn Arbitration Case against German Firm
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 from a contract for the rehabilitation and operation of Kirkuk Cement Plant between Iraq's State Company for Cement and AHG (Middle East) and Salah Al-Din Holding.
In 2022, ICSID dismissed AHK's original claim. The following year it appointed an ad hoc committee to consider the possible annulment of an award .
Ministry Legal Department Director Haitham Mohi Radi confirmed that the arbitral tribunal dismissed AHG's claims, marking what he described as a significant legal victory for Iraq.
Radi emphasized that this ruling reinforces Iraq's legal standing in international disputes and underscores the ministry's commitment to protecting the country's rights in global legal forums.
AHG was represented by New York-based lawyers Bracewell, while Iraq was represented by two firms, Baker Botts (UK) and Kadhims Ltd.
For information on Iraqi law, see our Legal Services page.
(Sources: Ministry of Justice, ICSID) Tags: AHG Industry GmbH & Co. KG, Arbitration, Baker Botts, Bracewell, cement, cg, featured, General Company for Iraqi Cement, germany, International Center for Settlement of Investment Disputes (ICSID), Iraqi Cement Company, Kadhims Ltd, Kirkuk, Kirkuk Cement Factory, Salah Al-Din Holding, World Bank
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