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…

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of lawsuits, etc.)
  • Access to attached documents such as briefs, motions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and more!


Previous Inside a Highly Profitable and Ethically Questionable Essay Writing Service
Next Relative of suicide victim seeks action against financial company | Coimbatore News