Orange begins legal proceedings against Iraq government

Thursday 15 October 2020 | 10:36 CET | News
Orange Group has instituted legal proceedings against the Iraqi government in an attempt to claw back more than USD 400 million in investments it alleges were expropriated by the country's regulator, the Financial Times reported. Orange has spent months in talks with the Iraqi government in an attempt to resolve an ownership dispute related to its investment in mobile operator Korek. However, Orange said it has started an arbitration proceeding with the International Centre for Settlement of Investment Disputes, part of the World Bank. 

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Categories: Mobile & Wireless
Companies: Korek Telecom / Orange
Countries: Iraq
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