Kuwait Airways will seek compensation from Iraq for having allegedly stolen its aviation equipment and 10 aircrafts worth $1.2 billion during the first Gulf war, according to reports.
Christopher Gooding, a Kuwait Airways lawyer, told Iraqoilreport.com that following the end of international legal protections on Iraqi oil assets on June 30, 2011, the company will seek to enforce a 2006 English Supreme Court ruling against Iraqi Airways.
“From the First of July, it’s open season...we can enforce against any assets, including oil tankers and oil assets,” Mr. Gooding said.
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