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Iraq takes steps to cemented investment projects
7/11/2016 0:00
[rtl]BAGHDAD - The joy of pumice
with the government 's orientation to the advancement of the sector investment, requiring the need to cemented these steps through self - reliance to face the challenges that may arise, as demonstrated by the transfer of the Arab Union of International Arbitration headquarters to Baghdad.
In this regard showed deputy secretary general of the Union of Chancellor Najat Hussein's « Sabah », said that" the transfer of the headquarters of the Union to Baghdad came to activate the work and put the near future plan, as it begins cycles specialist for the cadres of the ministries, regarding the legal, banking and financial aspects, for thepreparation of skills and information on international arbitration, and the dissemination oflegal culture in the field of investment , which the Iraqi government is working on promote it. "
dedicated team
and indicated Hussein to the " pursuit of the Union for the preparation of a specialized legal team for the defense of Iraq 's financial, economic and investment rights, regarding against him suits, or that are held by the government against those who deviate from thecontracts and contracting investment and reconstruction projects for investors and contractors non - Iraqis, dispensing for international law firms , which weigh heavily on the overall budget and cost effort big time has not come positive outcome for the benefit of
Iraq. "
the Minister of Justice Haider Zamili has stressed that" the transfer of the Arab Union ofinternational Arbitration headquarters to Baghdad is a step forward in the field ofspreading international arbitration and the adoption of enterprise culture legal in resolving
conflicts. In addition to providing consultancy, providing huge sums currently spent byIraq , international law firms, to plead in the proceedings to which Iraq is a discount
it. "
Debts and loans
and drew Hussein , " there was a need in the debt on Iraq, loans and problems file with big investors, as the Union will adopt a follow - up of available expertise among its members, until the training, legal and IT plans is completed, the engaging sessions that will take place soon, in addition to follow - up investors in the field of oil in Iraq 's issues within the contracting and contracts between Iraq and the local and Arab companies
and foreign. "
legal action
deputy secretary general of the Federation also suggests that" the objective of the Union is trying to achieve the establishment of a specialized court for international arbitration in Iraq to be the first in the Middle East and the Arab region, to save a lot of time and effort, and be an anchor to resolve conflicts and problems, and underpins the financial, economic and investment rights
and business ". As shown that the Arab Union of international Arbitration emerged from the Council of economic unity League of
Arab. and
officially registered with the United Nations Organization, and efforts are ongoing to expand the Union system and lay a solid foundation for legal action and international experiences, along with the consolidation of the foundations of the Union of Arab Arbitration up to the ranks of institutions the
world.
pointing out that Iraq will be a center of attraction for the training institutions and legal Arabic, through the presence of Union headquarters in Baghdad.
attributes of arbitration of the
Arab Union of international Arbitration was established in January 29, 2012, to be the international Arab organization working in the economic union scale at the University ofstates
Arabic.
and enjoys international arbitration great interest Mahtkamin party and increased international trade rate and breadth of the market, the alternative to the judiciary because of its features of interest to investors who are looking for a suitable climate to invest their money, through the search for justice and the speed in the resolution of conflicts, as well as protecting their investment in the light of a flexible and fast law.[/rtl]
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