Matter

NKT v NMH et al (Eastern Caribbean Supreme Court Court of Appeal BVIHCMAP2024/0031)

Seat: Dubai International Financial Centre

23 March 2023Dubai International Financial Centre
23 March 2023Dubai International Financial Centre
International Court of Commerce Arbitration Award in favour of Iraq Telecom Limited and Industrial Holdings Limited against Sirwan Saber Mustapha
International Court of Commerce
Decision summary
The tribunal ordered Sirwan Saber Mustapha, also known as Mr. Barzani, to pay Iraq Telecom Limited and Industrial Holdings Limited more than US$1.6 billion.
Supporting details
3 participants
Iraq Telecom Limited
Industrial Holdings Limited
Sirwan Saber Mustapha
International Court of Commerce
Mentioned in judgment
2 years, 10 months and 7 days later · 1044 days
30 January 2026British Virgin Islands
30 January 2026British Virgin Islands
Judgment of the Court of Appeal of the Eastern Caribbean Supreme Court in the case BVIHCMAP2024/0031 dated 30 January 2026
Court of Appeal of the Eastern Caribbean Supreme Court
Decision summary
The Court dismissed NKT’s interlocutory appeal from the Commercial Division of the High Court of Justice in the British Virgin Islands. It upheld the joinder of NKT in the arbitration award recognition and enforcement proceedings, service out of the jurisdiction, and the continuation of the charging-order process to determine beneficial ownership of the OS International Limited shares. The Court also upheld the costs order in favour of the respondents, with appeal and lower-court costs to be assessed if not agreed within 21 days.
Supporting details
22 authorities · 12 participants
NKT
Representative
Alain Choo-Choy KC (For: NKT)
Representative
Christopher McCarthy (For: NKT)
NMH
Representative
Ben Valentin KC (For: NMH · ATG)
Representative
Andrew Trotter (For: NMH · ATG)
Representative
Claire Goldstein (For: NMH · ATG)
Representative
James Petkovic (For: NMH · ATG)
ATG
Representative
Ben Valentin KC (For: NMH · ATG)
Representative
Andrew Trotter (For: NMH · ATG)
Representative
Claire Goldstein (For: NMH · ATG)
Representative
James Petkovic (For: NMH · ATG)
Court of Appeal of the Eastern Caribbean Supreme Court
Judge
Gerard St. C. Farara
Judge
Ingrid Mangatal
Judge
Paula Gilford
Authorities cited
22
- Eastern Caribbean Supreme Court Civil Procedure Rules 2000 (Rules 1.1 and 10.2(3))
  rule
- Eastern Caribbean Supreme Court Civil Procedure Rules 2000 (Rules 7.3(2)(a), 7.3(10) and 7.14)
  rule
- Eastern Caribbean Supreme Court Civil Procedure Rules 2000 (Rules 1.1, 1.2 and Part 48)
  rule
- Eastern Caribbean Supreme Court Civil Procedure Rules 2000 (Rule 64.6(1))
  rule
- Arbitration Act, sections 84 to 86
  statute
- Business Companies Act, section 245
  statute
- Judgments Act 1838, section 14
  statute
- Eastern Caribbean Supreme Court (Virgin Islands) Act, section 7(1)
  statute
- C Inc v L & Anor [2001] CLC 1054
  case
- XYZ v Various (Transformation Medical Group) Limited and others [2014] EWHC 4056
  case
- In re Pablo Star [2018] 1 WLR 738
  case
- Re Bleinheim Leisure (Restaurants) Ltd. [2000] BCC 544
  case
- AK Investment CJSC v Kyrgyz Mobil Tel [2012] 1 WLR 1804 (UKPC)
  case
- United Film Distribution Ltd. v Chhabria [2001] EWCA Civ 416
  case
- Nilon Ltd and another v Royal Westminster Investment SA and others (2015) 86 WIR 285
  case
- BCS Corporate Acceptances Ltd. et al v Daniel Terry [2018] EWHC 2349 (QB)
  case
- Hardy Exploration & Production (India) Inc v Government of India (India Infrastructure Finance Co (UK) Ltd, third party) [2019] QB 544
  case
- Dicey, Morris & Collins on the Conflict of Laws, 16th edition
  treatise
- Cooper v Griffin [1892] 1 QB 740
  case
- Bolland v Young [1904] KB 824
  case
- Rosseel NV v Oriental Commercial and Shipping (UK) Ltd. (1991) WL 838487
  case
- JTrust Asia PTE Ltd. v Mitsuji Konoshita et al, BVIHCMAP2020/2022 (31 May 2021)
  case
Direct judgment

Iraq Telecom Limited

Industrial Holdings Limited

Sirwan Saber Mustapha

International Court of Commerce

NKT

NMH

ATG

Court of Appeal of the Eastern Caribbean Supreme Court