(MENAFN- Iraq Business News) By John Lee.
French telecoms company Orange Group has reportedly launched legal proceedings against the Iraqi government with the International Center for Settlement of Investment Disputes (ICSID) , part of the World Bank, for more than $400m that it alleges was expropriated by the country's regulator.
The case relates to the company's investment in Korek , the mobile phone operator based in Iraqi Kurdistan.
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(Source: FT)
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