May 29, 2011Iraqi legal: Kuwait has no right to freeze the assets of a bankrupt company
Baghdad, Iraqi legal expert said Sunday he has no right to freeze the funds of the Kuwaiti authorities in Jordan belonging to Iraqi Airways as it declared bankruptcy, pointing at the same time that the recovery is only through an attorney.
The Ministry of Transport late last year that Iraqi Airways will continue to work even if it declared bankruptcy.
And assume the airline is currently the task of the management and operation of air transport in the country through a joint operation with other countries.
Iraq argues that Kuwait has to freeze the assets of Iraqi Airways in Jordan because of financial problems accumulated in the wake of the Iraqi invasion of Kuwait, which lasted for about half a year in the nineties of the last century.
The head of the Assembly of the legal culture Tariq Harb told the Kurdish news agency (Rn) that "Iraqi Airways is officially declared bankruptcy, and all lines I learned about it, including Kuwait (which) has no right to freeze the assets of bankrupt company announced officially."
The Iraqi government decided in May of last year to resolve the Iraqi Airways after the bankruptcy, with analysts say they came to avoid the claims made by the Kuwaiti authorities against them in British courts.
The crisis erupted when the first flight of Iraqi Airways to launch a line to London after a hiatus of more than 20 years in early last May, and once the plane landed at the airport in London was waiting for a court ruling British to detain Iraqi plane, based on the claim made by the airline Kuwait against Iraqi counterparts.
And demands that the Kuwaiti company paid $ 1.2 billion, because of the takeover of the Iraqi regime, then on 17 aircraft owned by Kuwait Airways during its invasion of Kuwait in 1990.
He explained that the recovery of war funds the company requires a lawyer in the Jordanian courts.
Iraqi authorities say that Kuwait has frozen more than a million and a half million dollars belonging to Iraqi Airways in Jordan.
Iraq seeks to resolve the crisis through its senior officials.
Saw the diplomatic ties between Iraq and Kuwait on the high tension differences already present since the invasion, but it intensified after the Kuwaiti side begin building a port adjacent to the territorial waters of Iraq, and the freezing of funds to a bankrupt company, and harassment of Iraqi fishermen.
The Iraqi government has the financial compensation to Kuwait increased by $ 150 million, but that Kuwait is demanding one billion and 300 million dollars, claiming that they accrued interest.
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