Sunday, 3 April 2011

Kuwait Airways to pursue Iraq assets - The National

Lawyers for Kuwait Airways have vowed to seize international assets owned by the Iraqi government following a recent court ruling in its long-running dispute with Iraqi Airways.

A UK court ruling has granted Kuwait Airways the right to file proceedings against the Iraqi government and ministries of transport and finance as it seeks to recoup assets to satisfy judgments worth almost US$1.3 billion (Dh4.77bn) for the theft of planes and engines during the Iraqi invasion of Kuwait in 1990.

"We will very soon be hunting for state of Iraq assets as well as Iraqi Airways assets," said Christopher Gooding, a lawyer representing Kuwait Airways, who added the judgment "expands the range of assets available for enforcement".

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