Some Issues of Investment and Mining Arbitration in Iraq
Abdullah Najim Abd Al Khanaifsawy
Department of English Language, College of Education, Sawa University, Almuthana, Iraq
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http://doi.org/10.37648/ijtbm.v13i02.005
Abstract
The article reveals the possibilities of the sphere of minerals in Iraq investment legislation that creates a favorable investment climate. The article also discusses international investment arbitration cases in the field of mining with the participation of the Republic of Uzbekistan as a respondent.
In particular, several ICSID cases and one UNCITRAL case with the participation of the Republic of Uzbekistan on the resolution of disputes in the framework of investing in the extraction of minerals were considered. Analyze of the cases showed that such disputes arose most often due to the unfairness of the investor and practice shows that Uzbekistan is interested in settling disputes and cases amicably, also analyzes of the legal bases showed the need of improvement of national legislation and practice in mining sphere, including concessions, PSA and Law on Subsoil.
Keywords: investment; mining; international arbitration; ICSID; UNCITRAL
References
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