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of Iraq to join the Convention on thetransparency of the arbitration between investors and states

Rocky

Rocky: Admin Assist; Posts : 278239
Join date : 2012-12-21

Post n°1

of Iraq to join the Convention on thetransparency of the arbitration between investors and states

by Rocky Wed 15 Feb 2017, 6:36 am

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of Iraq to join the Convention on thetransparency of the arbitration between investors and states[/size]
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2 minutes ago

Twilight News National Investment Commission / reported on Wednesday it had signed an agreement on transparency in the arbitration treaty-based investor-State 2014 at UN headquarters in New York, US.

Body said in a statement responded to the Twilight News, the president signed Sami Raouf al-Araji, a representative of the Republic of Iraq on Monday to the Convention, where Iraq is the second Arab country to accede to the Convention, which was preceded by her eighteen countries in the world.

The statement quoted al-Araji, saying, "This agreement is an important message and clear to the world that Iraq is a major hub in the Middle East for investment and reconstruction and construction," noting that "this agreement adopted by the United Nations to save the rights transparently in the event of a conflict between investors and states."

He stated that "Iraq has issued a number of regulations that protect the investor and capital that want to operate in the country, particularly the Investment Law No. 13 of 2006, as amended, which carries a lot of features and protection for investors, as well as important bilateral international conventions and signed by Iraq and a number of countries ".

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