*********** Government authorizes the President of the Investment Authority the power to sign the Convention on the Settlement of Investment Disputes

Tuesday 30 December 2014


Baghdad - Decided the Council of Ministers , on Tuesday, authorizing agency chief Sami al-Araji Investment Authority, the validity of the signature on the Settlement of Investment between states and citizens of other countries, conflicts agreement.

Ebadi said office said in a statement received "Alsumaria News", a copy of which, "The Council of Ministers held its regular 16-chaired by the Prime Minister Haider al-Abadi , "noting that" the Council decided to authorize the President of the National Authority for Investment Agency Sami Raouf al-Araji, the validity of the signature on the settlement of disputes Agreement investment between the states and the citizens of other countries, according to the provisions of Article (80 / item VI) of the Constitution. "

"The Council agreed to the Foreign Ministry to prepare a document authorization required on behalf of the Government of the Republic of Iraq to the President of the National Authority for Investment Agency in accordance with the contexts approved, and submitted to the General Secretariat of the Council of Ministers in order to obtain the signature of the prime minister."

It is said that Iraq joined in the (July 28, 2012) to the Settlement of Investment between the states and the citizens of other countries, conflicts agreement, after the approval of the Council of Ministers and the House of Representatives, while the agreement aims to encourage investment and chapter in emerging about conflicts between states and citizens of other countries to resort to the settlement and arbitration, and for the purpose to join the Convention on the Settlement of Investment Disputes.


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Cabinet authorizes Araji conclusion of Foreign Investment Disputes Settlement Agreement

Tuesday, December 30 1 / December 2014 16:38


Twilight News / Iraqi cabinet Tuesday authorized the head of the agency Sami Raouf Al-Araji Investment Authority power to sign the Settlement of Investment between the states and the citizens of other countries conflicts agreement.

alt A statement by the Prime Minister's Office Haider Abadi, reportedly for "Twilight News" that the Council of Ministers decided in its regular authorize the President of the National Authority for Investment Agency Sami Raouf al-Araji, the validity of the signature on the Settlement of Investment between the states and the citizens of other countries, conflicts agreement based on the provisions of Article (80 / item VI ) of the Constitution.

The Council also decided that the Ministry of Foreign Affairs to prepare a document authorization required on behalf of the Government of the Republic of Iraq to the President of the National Authority for Investment Agency in accordance with the approved contexts, and submit them to the General Secretariat of the Council of Ministers in order to obtain the signature of the Prime Minister.


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