Latest news with #HaithamMohiRadi
Iraqi News
12-05-2025
- Business
- Iraqi News
Justice Ministry: Iraq Wins Arbitration Decision and International Lawsuit, Avoiding Substantial Compensation Payments
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.'
Iraq Business
13-03-2025
- Business
- Iraq Business
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
Iraqi News
11-03-2025
- Business
- Iraqi News
Iraq Settles $1 Billion Arbitration Dispute against German Company
Baghdad – INA The Ministry of Justice announced on Tuesday that it had successfully settled a $1 billion arbitration dispute against a German company. In a statement received by the Iraqi News Agency (INA), the ministry stated that it 'succeeded, through the Legal Department, in settling an international arbitration dispute in favor of the Republic of Iraq after a ruling was issued dismissing the lawsuit filed by the German company (AHG), which had sought $1 billion in compensation before the International Centre for Settlement of Investment Disputes (ICSID(. The ministry explained that 'the dispute was related to a contract for the rehabilitation and operation of the Kirkuk Cement Plant between the Iraqi State Company for Cement and the German company (AHG), along with Middle East and Salah Al-Din Holding companies.' According to the statement, Haitham Mohi Radi, Director General of the Legal Department, stated that 'the ministry has been following the case since 2018 through extensive legal proceedings and hearings until the arbitration tribunal issued a ruling dismissing the lawsuit and the German company's claims.' .'
