View Full Version : Zain Iraq: no basis for damages claimed by an Iraqi telecom firm

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05-02-2014, 06:45 AM
Zain Iraq: no basis for damages claimed by an Iraqi telecom firm (http://www.mustaqila.com/2014/05/%D8%B2%D9%8A%D9%86-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D9%84%D8%A7-%D8%A3%D8%B3%D8%A7%D8%B3-%D9%84%D8%AA%D8%B9%D9%88%D9%8A%D8%B6%D8%A7%D8%AA-%D8%AA%D8%B7%D8%A7%D9%84%D8%A8-%D8%A8%D9%87%D8%A7.html)

Published: 4: 32 pm, m u 1, 2014


(Independent) ... According to mobile telecommunications company Zain in that latest developments of the company was raised to "Zain Iraq Iraq" Ltd is a subsidiary company of mobile communications as follows:

1. during August of 2013, one of the companies working in Iraq company alleging Iraqi court proceedings against both the Iraqi communications and Media Commission and Zain Iraq, claiming, inter alia, alleged that the Commission and Iraq had caused loss to the claimant as a result of the acquisition of Zain's Iraq work of iraqna mobile during 2007, the claimant alleged that as a result, losses amounted to $4.5 billion dollars claimed by Zain Iraq, and $1 billion Its body and Zain Iraq interdependence.

2. the claimant in the case centered on alleged body and Zain Iraq denied claimant of the opportunity to acquire iraqna and its customers in Iraq,

The missed opportunity for a claimant claimed in revenue and profits through participants.

3. Despite the magnitude of the damages claimed by the plaintiff company, Zain Group and Zain Iraq considers that the claim made by the plaintiff company malicious

And are totally baseless and are based on assumptions and illusions in the minds of the plaintiff company, and this is precisely what causes Group Zain to wait before disclosure of the suit until the Group was able to clarify the position and the views of those concerned.

4. the Zain Iraq to submit its defence in the proceedings, the claimant has made an urgent request to the Tribunal in Iraq by appointing a receiver shall maintain revenues of Zain Iraq related subscriber base who moved to the company after the acquisition of iraqna, and deposit the proceeds in a bank in Iraq pending the hearing of the applicant company from the Iraqi judiciary, an Iraqi Court had by the end of January 2014 to decide on urgent demand responds to the request and has challenged Zain Iraq resolution but the Iraqi appeals court rejected this appeal thus became the final set the receiver until the completion of the proceedings.

Zain Iraq believes that its position in the original proceeding where the company forces the plaintiff so far has failed to provide any evidence to support its claim or any evidence that it was successful in its negotiations to buy the iraqna, or justify the delay in submitting her claim almost seven years after the acquisition. (The end)