| Kurdistan
Regional
Government Is
Sued By Cayman
Based Alcazar
For Mobile
Networks Loan
By Matthew
Russell Lee, Patreon Maxwell
book
SDNY COURTHOUSE,
Jan 9 –
The
Kurdistan
Regional
Government of
Iraq has been
sued in the
U.S. District
Court for the
Southern
District of
New York by
Alcazar
Capital
Partners,
based on the
Cayman
Islands, in
connection
with a loan it
made for
mobile
networks in
the Kurdistan
Region.
The complaint,
filed on
January 9 and
found that day
by Inner City
Press which
covers SDNY,
cites an April
19, 2022
decision by
the Kuwait
Court of
Appeals.
While based on
the Cayman
Islands, the
plaintiff says
it is a
private equity
firm regulated
by the Dubai
Finance
Services
Authority.
It
also says that
the KRG
"explicitly
and
unconditionally
waived
sovereign
immunity with
respect to the
Guarantee" at
issue.
The case is
Alcazar
Capital
Partners v.
Kurdistan
Regional
Government of
Iraq,
23-cv-186
(Unassigned)
***
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