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Iraq, Kuwait exchange lists of property of their citizens

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Iraq, Kuwait exchange lists of property of their citizens

Date : 3/14/2012

BAGHDAD, March 14 (KUNA) -- Following an agreement and a decision by the Iraqi government announced Tuesday to allow Kuwaitis access and measures to dispose or in any way deal with their property in Iraq, government spokesman Ali Al-Dabbagh Wednesday added the principle of reciprocal treatment was verified by a delegation that visited Kuwait.

Virtue of the visiting team's assurances, the two states are now to exchange lists of their citizens' properties and acknowledge right of access and by any means disposal of said property, he said. "Kuwaiti officials provided lists detailing names of Iraqi citizens owning property in the country between January 1959 and September 2011.

"The two sides agreed on exchange of claims by citizens on either side through diplomatic channels, with the documents required as proof of ownership, " the spokesman said.

The Iraqi official added the Iraqi side would make sure that no Kuwaiti property listed virtue of this agreement had been compensated for through the UN Compensation Commission (UNCC), and that there is no legal or judicial constraint or seizure on any property listed.(end) mhg.wsa KUNA 141136 Mar 12NNNN

http://www.kuna.net.kw/ArticleDetails.aspx?id=2227091&Language=en

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This is very good news. Identifying parcel ownership and both countries acknowledging it is a huge step in the right direction. This is just another big step in the right direction. How can you not get excited when you read news like this. :D

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