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Iraq: Zain wins tax claim against Orascom in UK court
The Iraqi tax system’s complexities and inadequacies were subjected to the scrutiny of the UK courts in a judgement published on 17 February, which could result in the Egypt-based telecommunications group Global Telecom Holding (formerly Orascom) paying damages of $60m to Atheer Telecom Iraq, a subsidiary of Kuwait-based Zain Group. Atheer sued GTH subsidiary Orascom Telecom Iraq in the High Court of Justice in 2012, after receiving a multi-billion dinar tax bill from the Iraqi government following its purchase of the Iraqna mobile network from Orascom in 2007. The case was heard last November.
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