logo
Justice Ministry: Iraq Wins Arbitration Decision and International Lawsuit, Avoiding Substantial Compensation Payments

Justice Ministry: Iraq Wins Arbitration Decision and International Lawsuit, Avoiding Substantial Compensation Payments

Iraqi News12-05-2025

The Ministry of Justice announced today, Monday, that it has won an arbitration decision and a legal case in favor of Iraq, which contributed to sparing the country from paying large financial compensations demanded by foreign companies.
In a statement received by the Iraqi News Agency (INA), the Ministry stated:'Under the direct supervision of the Minister of Justice, Khalid Shwani, and as part of a new legal achievement, the Ministry has secured an arbitration ruling and a legal case in favor of Iraq, which helped the country avoid the payment of substantial compensations claimed by foreign companies.'
The statement added that 'two commercial companies had filed lawsuits against the Iraqi government—one before the International Arbitration Center in Dubai, and the other before the Commercial Court in İskenderun—seeking financial compensation on the grounds of being harmed by the implementation of two projects inside Iraq.'
It continued:'The Legal Department at the Ministry confronted these lawsuits through meticulous follow-up and the preparation of comprehensive legal pleadings, which resulted in rulings issued in favor of Iraq.'
In turn, Haitham Mohi Radi, Director General of the Legal Department, clarified that 'the legal team at the Ministry continued its proceedings before the arbitration panel until the issuance of the final ruling,' adding that 'one of the companies later appealed the arbitration decision before the Dubai Court of Appeal, but the court dismissed the appeal and upheld the ruling in Iraq's favor after a series of legal arguments presented by the specialized team.'
He affirmed that 'this achievement represents a new victory for the Legal Department and reflects the state's ability to defend its rights in international forums,' emphasizing that 'the ruling spares the public treasury from significant financial obligations and strengthens the confidence of international institutions in the competence of the Iraqi legal system.'

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Iraq to launch 350M IQD guarantor-free loans for young entrepreneurs
Iraq to launch 350M IQD guarantor-free loans for young entrepreneurs

Iraqi News

time6 hours ago

  • Iraqi News

Iraq to launch 350M IQD guarantor-free loans for young entrepreneurs

Baghdad ( – Iraq's Ministry of Labour and Social Affairs is in the final stages of launching a major new loan program to provide up to 350 million Iraqi dinars to young entrepreneurs without the need for a guarantor, spokesperson Hassan Khawam announced recently. This groundbreaking initiative is a collaboration between the Ministry, the International Labour Organization (ILO), the German Development Bank (KfW), and the Iraqi Company for Guarantees. It aims to empower aspiring business owners, particularly those who cannot secure the traditional requirement of a government employee guarantor. Under the new program, the applicant's project itself will serve as the guarantee. To qualify, candidates must participate in an intensive, specialized training course lasting over a month. During this period, local, regional, and international experts will help them develop every aspect of their business plan, from technical specifics and site selection to customer relations. The loan is granted only after successfully completing this comprehensive development phase. Khawam stated this program significantly expands on the Ministry's existing efforts, which include a smaller loan program (offering 20-50 million IQD) and the Mahan digital platform launched in 2023 to connect job seekers with employers. This new guarantor-free loan initiative marks a strategic step towards fostering self-employment and stimulating Iraq's private sector.

TotalEnergies supports Iraq's energy independence
TotalEnergies supports Iraq's energy independence

Iraqi News

time6 hours ago

  • Iraqi News

TotalEnergies supports Iraq's energy independence

Baghdad ( – France-based TotalEnergies' Gas Growth Integrated Project (GGIP) is intended to help Iraq develop its natural resources and achieve energy independence. TotalEnergies' GGIP project demonstrates the company's multi-energy approach and sustainable development concept and combines natural gas production, solar energy, and enhanced oil production, according to a statement released by the French firm. The project illustrates TotalEnergies' commitment to assisting oil- and gas-producing countries in moving forward with their energy transformation strategies. With Iraqi government assistance, TotalEnergies will invest in facilities to recover flared gas from three oil fields in the first phase and four other fields in the second phase to supply power plants, redevelop oil production at the Artawi field, build a seawater treatment plant to supply the wells, and build and operate a solar power plant to provide carbon-free energy. These projects have a cumulative investment of almost $10 billion. The GGIP project includes four sub-projects led by an alliance of TotalEnergies, Basra Oil Company (BOC), and QatarEnergy. The four projects are the Associated Gas Upstream Development (AGUP), which seeks to increase Artawi field output; the Artawi Gas Midstream Project (GMP), which is expected to prevent flaring and collect gas from several oil fields; the Common Seawater Supply Project (CSSP), which involves building a seawater treatment plant; and a one-gigawatt solar power plant spanning some 2,200 hectares near the gas treatment plant.

Al-Mathar Group acquires 4 Corners Creative Agency in major Iraqi ad sector move
Al-Mathar Group acquires 4 Corners Creative Agency in major Iraqi ad sector move

Iraqi News

time6 hours ago

  • Iraqi News

Al-Mathar Group acquires 4 Corners Creative Agency in major Iraqi ad sector move

Baghdad ( – In a significant move highlighting the dynamism of Iraq's creative sector, Al-Mathar Group has successfully completed a full acquisition of the leading 4 Corners Creative Agency. The deal, announced last week in June 2025, is a strategic step aimed at bolstering the agency's growth and expanding its footprint in local and regional markets. Founded in 2016 by Mr. Ameer Alaa, 4 Corners became a recognized success story, delivering integrated marketing campaigns for prominent local and international brands. Under the new ownership, Al-Mathar Group aims to transform the agency into a regional hub for advertising excellence. The agreement will see a new executive team lead the next phase of growth, focusing on innovation and expansion, while the original management transitions to advisory roles. This acquisition comes as Iraq's marketing and advertising sector experiences rapid growth. The landscape is quickly evolving from traditional methods to sophisticated digital-first strategies, driven by a young, tech-savvy population. This has attracted both international brands seeking local expertise and fostered a new wave of homegrown creative startups. Such acquisitions are a strong indicator of the sector's maturation, demonstrating significant investor confidence in the value and potential of Iraqi creative talent. Al-Mathar Group's investment in 4 Corners is more than a business transaction; it's a powerful endorsement of the potential within Iraq's burgeoning creative economy, signaling a new phase of strategic growth and consolidation in the market.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store