Baghdad, Iraq – The Iraq wins billion-dollar arbitration case against a German company, securing a major legal victory in an international dispute. The Ministry of Justice successfully defended Iraq’s interests in a high-profile arbitration case, preventing a billion-dollar financial claim.
In an official statement, the ministry confirmed that its legal department played a key role in resolving the dispute. The ruling dismissed a claim filed by the German company AHG, which sought compensation of one billion dollars. The case was presented before the International Centre for Settlement of Investment Disputes (ICSID).The Iraq wins billion-dollar arbitration case after a lengthy legal battle that began in 2018. The dispute stemmed from a contract concerning the rehabilitation and operation of the Kirkuk Cement Plant. The agreement involved Iraq’s State Company for Cement and the German firm AHG, alongside Middle East and Salah Al-Din Holding companies.Director-General of the Legal Department, Haitham Mohi Radi, highlighted the extensive legal efforts invested in this case. He explained that the ministry closely followed all proceedings, attending multiple hearings and presenting strong legal arguments. The arbitration panel ultimately ruled in favor of Iraq, rejecting the German company’s claims.Radi emphasized that this ruling represents a significant achievement for Iraq’s legal and economic interests. The decision reinforces the Ministry of Justice’s commitment to protecting the country’s rights in international legal forums. By securing this outcome, Iraq avoids a substantial financial burden and strengthens its legal standing in future investment disputes.
The Iraq wins billion-dollar arbitration case, marking a major milestone in international legal defense. This victory not only safeguards national economic interests but also reaffirms Iraq’s ability to defend itself against high-stakes financial claims. The Ministry of Justice continues to pursue legal strategies that protect Iraq’s assets and investments.
