/ Balances News / Contractors Forum publishes recommendations on dues Exchange

[ltr]/ Balances News / Contractors Forum publishes recommendations on dues Exchange[/ltr]

 Since 08/05/2016 13:59 pm (Baghdad time)
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[ltr]Baghdad balances News[/ltr]
[ltr]I got / balances News /, on Sunday, on the recommendations of the Forum Iraqi contractors on financial dues delayed exchange, which oblige the government banks full regardless of the nominal value of national bonds.[/ltr]
[ltr]According to those recommendations and I got / balances News / a copy of it, "the payment of financial dues and mechanisms of national bonds, and by requiring government banks full nominal value regardless (the amount of cash that is installed on the origin of the bond) for these bonds, and that is not considered a bond delivered legal justification required contractors to proceed or to continue the implementation of the stalled projects, it does not mean the launch of the dues of farmers, but after the completion of the payment of all (100%) of the debt they deserve contracting companies. "[/ltr]
[ltr]Recommendations included that "does not bear the Contractor any costs for the issuance or trading or exchange or sale of these bonds, and that is not issuing the bond cancellation or waiver of any rights of the contractor and law firms, as well as retaining the right to legal claim has a right to claim for what the subsequent damage due to the delay in the disbursement of dues. "[/ltr]
[ltr]And Oosahy forum to "form a committee (Contractors Affairs) in the Investment Authority to be similar to current (agriculture, industry, trade), which was established in the Cabinet."[/ltr]
[ltr]The legal recommendations, the forum pointed out that "in the event of the continuation of the situation for what it is delaying dues and non-application of exchange mechanisms through national bonds or any of the alternatives viable for practical application, which insures exchange entitlements and launched fully within an undisclosed agenda, he'll go business owners to directly Bagmh legal proceedings, to ensure their rights because of what they have suffered damages and financial losses, economic, and what resulted from the serious crisis of the death of many of the contractors. "[/ltr]
[ltr]The forum, "not to touch seriously by those concerned in this file over the past two years and Gaah day, as it represents a major threat to stop all of the joints of the national economy and the lack of institutional cadre represents the elite" .anthy 29 / A 43[/ltr]


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