Kuwaiti finance company seeks $5.4m award from Iraq Telecom


By Caleb Symons (September 9, 2022, 7:10 p.m. EDT) – A Kuwait-based financial adviser wants to immediately enforce an arbitration award worth more than $5.4 million he won three years ago with an Iraqi telecommunications company, declaring to a Texas federal government judge that Telecom never responded to its offer to perform and therefore defaulted.

On Thursday, Modern Global Company for General Trading of Equipments filed the default petition a month after the Kuwaiti company’s lawyer made a final attempt to serve Korek Telecom Co. LLC, he told the court. of Houston.

Korek, who is also embroiled in a separate US-based battle worth $100 million, has neither…

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