Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

Federal Court: Decisions of the Central Bank are not immune from appeal


yota691
 Share

Recommended Posts

 
12:51
Last updated
The time now is 12:57 PM
305
Watch
 
 
 
BAGHDAD / Tomorrow 's Press: The 

Federal Supreme Court, confirmed on Tuesday that the central bank 's decisions are not immune from the challenge, pointing out that it will be in front of the financial services court, noting that making the appeal period the beginning of the decision in accordance with the legal principle of "supposed science" .

"The Federal Supreme Court held its session under the chairmanship of Judge Medhat al-Mahmoud and the attendance of the judges of the members and considered the case of the director of the sale and purchase of foreign currency has been withdrawn license by the Central Bank," spokesman Ayas al-Samuk said in a statement. 

He continued that "the plaintiff challenged Article (69) of the Central Bank Law No. (56) of 2004 concerning the appeal against the decisions of the Central Bank before the Financial Services Court." 

He explained that "the plaintiff pointed out that this article set the duration of the appeal starting from the decision of the Central Bank to respond to his objection to the decision to withdraw his vacation, and not from the date of the same as what is the case in the law of civil lifts and promised implicit immunity of the decisions of the Central Bank of the appeal, This violates Article (100) of the Constitution, which prohibits the immunity of any work or administrative decision from the appeal. "

He pointed out that "the Federal Supreme Court found that the legislator directed to make the period of appeal under Article 69 of the Central Law came a legislative option and is not contrary to the Constitution and based on the legal principle of (supposed science) to the relevant parties for the transactions they claim. 

He pointed out that "that direction - under the provision - does not include immunity for the decisions of the Central Bank of the existence of a way to challenge before (Financial Services Court) and this is what the Federal Supreme Court in its ruling 147/2017, which requires a decision issued by the Central Bank to follow up from The commencement of proceedings until its issuance and appeal if it finds a violation of the law and accordingly decided to return the case "
  • Thanks 1
  • Upvote 2
Link to comment
Share on other sites

 
Tuesday 15 May
 
 
Search Bigger
 

Alsumaria News / Baghdad

 

The Federal Supreme Court confirmed on Tuesday that the decisions of the Central Bank are not immune to appeal and are not contrary to the Constitution.
 
The court spokesman Ayas al-Samuk said in a statement received by Alsumaria News that "the Federal Supreme Court considered the case of the director of the sale and purchase of foreign currency has been withdrawn license by the Central Bank after he challenged article 69 of the Central Bank Law No. 56 of 2004 on appeal On the decisions of the Central Bank before the Financial Services Court. "

 

 

 

 
Samok said that "the plaintiff pointed out that this article set the duration of the appeal starting from the issuance of the Central Bank's decision to respond to his objection to the decision to withdraw his vacation, not from the date of notification, similar to what is the case in the law of civil lifts and promised implicit immunity of the decisions of the Central Bank of the appeal, That this violates Article 100 of the Constitution, which prohibits the immunization of any work or administrative decision of the appeal.
 
"The Federal Supreme Court found that the legislator's intention to make the period of appeal under Article 69 of the Central Law came as a legislative option and not contrary to the Constitution and based on the legal principle of (presumed science) to the relevant parties for the transactions they call" , Pointing out that "under the provision does not include immunity for the decisions of the Central Bank of the existence of a way to challenge before (Financial Services Court) and this is what the Federal Supreme Court in its ruling 147/2017, which requires that a decision was issued by the Central Bank follow-up from the start of the procedures until it is issued And to challenge him if he sees it as contrary to that And accordingly decided to return the case. "
 

The Central Bank of Iraq from time to time to withdraw licenses for some companies and financial institutions for the sale and purchase of foreign currency for violating some instructions for the auction.

  • Thanks 1
  • Upvote 2
Link to comment
Share on other sites

The highest judicial authority in Iraq decides on the decisions of the Central Bank

The highest judicial authority in Iraq decides on the decisions of the Central Bank
 



 Twilight News    
 37 minutes ago

The Federal Supreme Court confirmed on Tuesday that the decisions of the Central Bank are not immune to the appeal, pointing out that this is before the Financial Services Court, noting that to make the period of appeal starting from the issuance of the decision in accordance with the principle of legal "presumed science."

"The Federal Supreme Court held its session under the chairmanship of Judge Medhat al-Mahmoud and the attendance of the judges of the members and considered the case of the director of the sale and purchase of foreign currency has been withdrawn license by the Central Bank," the spokesman of the court Ayas al-Samuk said in a statement today.

He continued that "the plaintiff challenged Article (69) of the Central Bank Law No. (56) of 2004 concerning the appeal against the decisions of the Central Bank before the Financial Services Court."

He explained that "the plaintiff pointed out that this article set the duration of the appeal starting from the decision of the Central Bank to respond to his objection to the decision to withdraw his vacation, and not from the date of the same as what is the case in the law of civil lifts and promised implicit immunity of the decisions of the Central Bank of the appeal, This violates Article (100) of the Constitution, which prohibits the immunity of any work or administrative decision from the appeal. "

"The Federal Supreme Court found that the legislator's intention to make the period of appeal under Article 69 of the Central Law came as a legislative option and not contrary to the Constitution and based on the legal principle of (presumed science) to the relevant parties for the transactions they call" .

He pointed out that "that direction - under the provision - does not include immunity for the decisions of the Central Bank of the existence of a way to challenge before (Financial Services Court) and this is what the Federal Supreme Court in its ruling 147/2017, which requires a decision issued by the Central Bank to follow up from Start the proceedings until it is issued and appeal if it finds a violation of the law and accordingly decided to return the case. "

Keywords: 

  • Upvote 3
Link to comment
Share on other sites

15-05-2018 02:41 PM
image.php?token=945aa5ba1c129b608bf307b399c2b685&size=
 


 

 

The Supreme Federal Court confirmed on Tuesday that the decisions of the Central Bank are not immune to the appeal, pointing out that this is before the Financial Services Court, noting that making the period of appeal starting from the issuance of the decision in accordance with the principle of legal 'supposed science'. 

"The Supreme Federal Court held its session under the chairmanship of Judge Medhat al-Mahmoud and the presence of the judges of the members and considered the case of the director of the sale and purchase of foreign currency has been withdrawn license by the Central Bank." 

He continued that 'the plaintiff challenged Article (69) of the Central Bank Law No. (56) for the year 2004 regarding the appeal against the decisions of the Central Bank before the Financial Services Court'.

He pointed out that the plaintiff pointed out that this article set the period of appeal starting from the decision of the Central Bank to respond to his objection to the decision to withdraw his vacation, and not from the date of the same as what is the case in the law of civil lifts and promised implicit immunity of the decisions of the Central Bank of the appeal, This violates Article (100) of the Constitution, which prohibits the immunization of any work or administrative decision from the appeal. 


The official spokesman said that the Supreme Federal Court found that the legislator directed to make the period of appeal under Article 69 of the Central Law came as a legislative option and not contrary to the Constitution and based on the legal principle of (presumed science) to the relevant parties in relation to the transactions they call ' .

He pointed out that "this trend - under the provision - does not include immunity for the decisions of the Central Bank of the existence of a way to challenge before (Financial Services Court) and this is what the Federal Supreme Court in its ruling 147/2017, which requires that a decision was issued by the Central Bank to follow him Start the proceedings until it is issued and appeal if it finds a violation of the law and accordingly decided to return the case '.

  • Upvote 3
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.