Credit: Adobe Stock Iraq Telecom Wins $3B in Arbitral Awards against former Kurdish Partner
Iraq Telecom won two arbitrations against Korek Telecom in rulings that involved loan and shareholder disputes linked to bribery and fraud.
September 19, 2024 at 06:13 AM
3 minute read
Dispute Resolution
Kuwaiti-French joint venture Iraq Telecom (IT) has won almost $3 billion in two separate arbitrations against Kurdistan-based Iraqi mobile phone operator Korek Telecom but enforcing the awards is expected to be onerous due to the difficulty of tracing assets associated with the respondents.
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