[GM Red THIS IS REALLY GOOD NEWS... ALSO, I AM TRYING TO GET MORE DETAILS ABOUT THE WORDING IN THE ARTICLE WHERE IT STATES AND PROPERTY]
Kuwait: We have stopped all proceedings on the property Iraqi
Published 24/10/2012 11:19 AM
Announced the Government of Kuwait, for informing law firms in Britain to stop all lawsuits filed on property Iraqi, [???] pointing to consent to the financial settlement with Iraq in the case of Kuwait Airways. was Deputy Prime Minister and Foreign Minister Sabah Al-Khalid held yesterday telephoned his Iraqi counterpart Hoshyar Zebari.
Said Sabah Al-Khalid, according to a statement issued by the Iraqi Foreign Ministry received "People copy of" The State of Kuwait has agreed to settle the issue of Kuwait Airways, and signed the Emir of Kuwait Amiri Decree to a decree law to approve the financial settlement that has been reached between the two sides. "
Khalid added that "law was published today in the Official Gazette Kuwait," adding that "law firms have been informed in Britain to halt all proceedings on the Iraqi Airways and property in Iraq."
It is said that Iraq and Kuwait have signed a final settlement of the fact that Iraq pay $ 500 million in compensation final to Kuwait Airways.
Noteworthy that this resolution would lift all restrictions and complications on rebuilding Iraqi Airways and their freedom to buy new aircraft and the establishment of its air fleet.