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The Communications Commission wins an international judgment and $ 5 million in compensation Time: 02/22/2021 20:41:26 Read: 3,835 times {Baghdad: Al Furat News} The International Center for Settlement of Investment Disputes, affiliated to the World Bank, issued a ruling dismissing the lawsuit against the Republic of Iraq represented by the Media and Communications Authority filed against it unfairly by the Kuwaiti Agility Company. In a statement, the Euphrates News Agency received a copy of it today, "Agility filed a lawsuit against the Republic of Iraq in the year 2017 at the International Center for Settlement of Investment Disputes in Washington regarding its investments in the Iraqi Cork Telecom Company, which amount to about 800 million US dollars," the commission said in a statement. And according to that, he assigned the Media and Communications Commission, as one of the parties to the lawsuit, the task of defending the rights of the Republic of Iraq and contracting with one of the largest international companies specialized in international arbitration cases, in coordination with the Prime Minister’s office, the Ministries of Justice and Foreign Affairs, our embassy in Washington, and the specialized international advisers. The commission indicated that it has continued its procedures for a period of more than four years and by striving, vigorous follow-up and exceptional efforts, those efforts have resulted in success in preserving the rights of the Republic of Iraq, as the International Center for Settlement of Investment Disputes of the World Bank issued today, Monday, February 22, 2021, its decision to dismiss the case that "It was requiring that the Republic of Iraq pay huge sums of money in exchange for an investment decision taken by the Kuwaiti company Agility and its French partners, France Telecom in 2011 with the Cork company." She indicated that "the international decision included refuting all the arguments used by Agility company, including defaming the authority in charge of the commission and deliberate slandering in distorting the image of Iraqi officials, and the International Center charged Agility Company to pay costs amounting to more than 5 million US dollars for the benefit of the Republic of Iraq." And he regained that, "In view of this decision and fair international arbitration, the commission reiterates its assertion that its keenness and cooperation of all Iraqi parties in protecting the rights of the state had a great impact on winning one of the most important international arbitration cases and preserving Iraq's international reputation and the integrity and transparency of institutional procedures." Raghad Daham
