Kurdistan Government Says Dubai Lender’s $500M Claim Was Rejected By ICSID Tribunal

(August 8, 2024, 1:49 PM EDT) -- NEW YORK — The Kurdistan Regional Government of Iraq (KRG) filed a motion in New York federal court to dismiss a Dubai-based investment company’s complaint against it seeking to enforce a $500 million Kuwaiti judgment, arguing that the company was previously found to have “relinquished” any claim to the loan at issue during a separate International Centre for Settlement of Investment Disputes (ICSID) proceeding before seeking to enforce it in Kuwait....