Author Topic: UAE company demanding the English judiciary to impose punitive measures on Kurdi  (Read 211 times)

Offline beach7

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UAE company demanding the English judiciary to impose punitive measures on Kurdistan

Announced (Dana Gas UAE), the Kurdistan Region breached decision English court, the judge to pay the amount of US $ 100 million for the coalition, while expressed her happiness for being the largest investors and producers of oil and gas sector in the Kurdistan region, confirmed that it submitted an application to the Court of English to take required to execute the command with the possibility of imposing sanctions on the Kurdistan Regional Government.

He revealed the company's statement, issued on Monday, and Roudao Media Network received a copy of it, that "the jury Court of London, had issued a decree which ordered the Kurdistan Regional Government, to pay the amount of US $ 100 for a coalition million, within a period not exceeding 21 days." he said, adding: "Government of the Territory has not breached its legal obligation to pay the amount by the deadline of October 17, 2014, and as a result it is becoming the arbitral tribunal is strictly prohibited, which allows imposing and implemented by the English court."

The statement pointed out that "the company submitted an application to the Court of English to take what it takes to execute the command with the possibility of imposing sanctions on the Kurdistan Regional Government, as a result of non-compliance with the court's decision."

The company (Dana), listed on DFM Abu Dhabi, has filed a lawsuit against the province before the London Court of International Arbitration in September 2013, with Crescent Petroleum Company and Pearl Petroleum Limited (the coalition), in order to obtain confirmation of the coalition's rights under the contract with the Kurdistan Regional Government, which was signed in April 2013, and subject to the provisions of English law.

The company said in a statement, to it continue with its partners in the coalition pursue claims valued Imliarat dollars in the arbitration process against the Kurdistan Regional Government, which will be decided upon during a hearing to determine responsibility, and that the arbitral tribunal ordered by holding them during the week of April 20, 2015 .

She (Dana), she is happy largest investors and producers of oil and gas sector in the Kurdistan Region of being, and said it has invested more than US $ 1.2 billion in the province, producing approximately 130 million equivalent barrels of natural gas liquids intensified during the last six years, which contributed in the supply of electric power at low cost and make Touhl economist at the province.

Referred to the company (Dana) did not receive any of the last dues to the Kurdistan Regional Government, bringing the company's total delinquent dues amounted to 955 million dollars.

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