U.S. court: Iraq is not responsible for cancellation of oil contracts in the era of Saddam

U.S. court: Iraq is not responsible for cancellation of oil contracts in the era of Saddam

Tuesday, July 17, 2012 09:29

Washington / follow-up Baghdadiya News / .. U.S. appeals court said that Iraq does not assume legal responsibility for ending two decades under the oil-for-food return to the era of Saddam’s regime.
The Appeals Chamber of the U.S. ninth in California that “the current government of Iraq deserves protection under the Foreign Sovereign Immunity Act of 1976 because the case does not include the activities of American business” with legal significance. ”
“The government particularly the issue of return for the year 2003 and the related decision of the Oil Company, an Iraqi government to cancel two contracts for the sale of five million barrels of crude for the two companies both based in Cyprus owned a U.S. citizen named Manuel Terenkian. Was two decades between the contracts approved under the oil for food program which was administered by the United Nations, which allowed Iraq to sell oil to buy food, medicine and other goods for its citizens who have been affected by the sanctions of international trade. said Terenkian that “the Iraqi company canceled the contracts with Hrkiah after he refused to pay bribes and demanded compensation for the loss of fees valued at 6.25 million.” and said that “Iraq must bear the legal responsibility Because decades occurred in New York and was oil for food program is run which was scheduled to transfer some oil to it to pay the price in the United States. “But the Appeals Chamber ninth overturned a ruling issued by a federal judge in 2010 in Los Angeles, said it would not be correct for loading the current Government of Iraq responsible for the error and said that two decades is not in dispute are related to the task of the United States. said Justice Sandra Aacotta in the judgment of a majority of two for one “even though we may criticize the practices of Saddam Hussein’s regime .. We serve the principles of equality and justice for our country to better enforce the law in a fair and impartial to all parties before us. ”
Said Edward Fayzport plaintiffs’ counsel that his clients are disappointed and assess the options available to them. “/ Finished / agencies.
Source: albaghdadianews