On September 9, 2024, Meysan secured a USD 1.3 billion Final Award for Iraq Telecom, a subsidiary of Agility Logistics, in ICC Arbitration proceedings against Korek Telecom, a major Iraqi telecommunications company. The dispute related to Korek’s guarantee of the obligations of its DIFC-registered holding company International Holdings Limited (IH) under a 2011 loan agreement with Iraq Telecom, and the ICC tribunal confirmed that an agreement for the subordination of the debt was void.
This ruling follows a prior ICC case resulting in a USD 1.6 billion award in March 2023.
Meysan Managing Partner Bader El-Jeaan commented, “Korek now has judgment debts in excess of USD 1.9 billion against it, of which Sirwan Barzani is jointly and severally liable for over USD 1.3 billion. Our client now moves on to the enforcement phase in connection with these awards.”
The Meysan team included partners Bader El-Jeaan in Kuwait, John Reynolds and senior associate Oliver Green in London, and partner Tarek Badawy and senior associate Ismail Lamie in Cairo.
Meysan Partners is pleased to announce that it has acted as legal counsel to Dawi, a leading digital healthcare platform, in its latest investment round, which included a significant strategic investment by Aayan Investment Company. As part of this transaction, Aayan acquired a 30% equity stake in Dawi, marking a… Read more
Meysan’s legal team, led by Partner Waleed Al-Tattan and Senior Counsel Tarek Diab, achieved a significant court victory on behalf of one of Saudi Arabia’s largest banks. The team successfully obtained two rulings from the Kuwaiti courts enforcing execution orders issued by a Saudi enforcement judge against two Kuwaiti guarantors, with a combined value… Read more
In one of the most high-profile and complex commercial agency disputes in Kuwait’s legal history, a Kuwaiti company filed multiple lawsuits against one of the world’s largest European automotive manufacturers, seeking KWD 320 million (approx. USD 1.04 billion) in damages. The dispute centered around the termination of an exclusive distribution… Read more
The Kuwait Constitutional Court issued another significant ruling on 25 June 2025 (the "June Ruling") which was published in the Official Gazette on 20 July 2025, declaring that Article 34(5) of the Competition Protection Agency Law No. 72 of 2020 (the “CPA Law”) is unconstitutional. This ruling highlights ongoing constitutional… Read more
In a landmark judgment issued last week, the DIFC Court of Appeal has upheld a USD 1.6 billion ICC arbitration award in favour of Meysan client Iraq Telecom Ltd, bringing to an end the largest set-aside application in the history of the DIFC Courts. The ruling confirms that the award… Read more
KUWAIT CITY, June 15,2025 - Meysan Partners successfully advised the Joint Lead Managers as Kuwait counsel on Boubyan Bank's US$500 million senior unsecured Sukuk issuance under its US$3 billion Trust Certificate Issuance Programme. Transaction Overview: The transaction marks Boubyan bank’s return to the debt market after 3 years • 4.2… Read more