URGENT / Special Court established to study trade, investment cases

BAGHDAD / IraqiNews.com: A special court has been established in Baghdad to look into trade cases, the spokesman for the Supreme Judicial Council, Abdul-Sattar al-Biraqdar, said on Wednesday. Abdul-Sattar al-Biraqdar reiterating that the main motive of the court is to “secure guarantees for investments.” “Today, Wednesday, has witnessed the opening of a special court to look into trade cases in Baghdad,” Biraqdar told IraqiNews.com news agency, stressing that “the main goal of the court is to present commitments for foreign investors to guarantee non-loss of their capitals in Iraq.” “The court shall study cases of conflicts in a legal manner that guarantees the rights of investors,” al-Biraqdar said. “The court is an advanced one, agreed upon by the Judiciary Council and other legal parties, in order to push the investment process forward, along with Iraq‘s reconstruction and its leading to the right direction,” al-Biraqdar noted. With regards to possibility to open branches for the said court in other Iraqi provinces, Biraqdar said, “The court was opened in Baghdad and there is an intention to open other branches in different Iraqi provinces should this experience prove successful,” adding that the court will open branches in Basra and Mosul soon. SKH/SR 1