Summary

REPORT AND RECOMMENDATION

Petitioner Republic of Iraq ("Iraq") filed this action to confirm an award issued by an international arbitration panel pursuant to 9 U.S.C. § 207 and Article III of the 1958 Convention on the Recognition and Enforcement of Foreign Arbitral Awards ("New York Convention"). Respondent Republic of Turkey ("Turkey") did not object to the confirmation but did argue that it, not Iraq, should be the award net-creditor. For the reasons set forth herein, the Court recommends GRANTING Iraq's Petition.

Iraq-Turkey Pipeline Agreements (ITP Agreements), International Chamber of Commerce (ICC)