Split Committee Annuls Dismissal Of Kuwaiti Investor’s Claim Against Iraq

(February 23, 2024, 3:29 PM EST) -- WASHINGTON, D.C. — An International Centre for Settlement of Investment Disputes (ICSID) ad hoc committee granted in part a Kuwaiti company’s application to annul an award dismissing its claim against the Republic of Iraq for harming its investment in a telecommunications company, finding that the tribunal exceeded its powers and failed to state its reasons for dismissing the investor’s claim that a regulatory order liquidating an investment agreement was improperly implemented....