Horse Tours and Travel SAE v Iraqi Airways Company - United States District Court for the District of Columbia Case No 1-26-cv-02614 - Petition to Confirm Arbitration Award - 24 July 2026
Country
Year
2026
Summary
NATURE OF THE PROCEEDING
1. This is a proceeding to recognize and enforce a foreign arbitral award under Chapter 2 of the Federal Arbitration Act, 9 U.S.C. §§ 201-208, and the Convention on the Recognition and Enforcement of Foreign Arbitral Awards, June 10, 1958, 21 U.S.T. 2517 (the "New York Convention").
2. Petitioner Horse Tours and Travel SAE ("Horse Tours") submits this petition to recognize and enforce a July 26, 2023 arbitral award (the "Award") rendered in its favor against Iraqi Airways Company ("Airways") and the Ministry of Transport of the Republic of Iraq by a three-member arbitral tribunal sitting in Cairo, Egypt (the "Tribunal"). The Award directed Respondents Airways and the Ministry of Transport to pay Horse Tours $786,306,177 in damages, with interest, and $1,120,000 in arbitration costs and expenses.
3. Respondents have exhausted all procedures for challenging the award under Egyptian law. On June 1, 2026, the Egyptian Court of Cassation issued a judgment dismissing Respondents' appeal challenging the arbitral award.
4. The arbitration arose out of a general agency agreement dated January 30, 2001, between Horse Tours and Iraqi Airways Co. under which Horse Tours was to serve as Iraqi Airways' exclusive sales agent in Egypt (the "Contract") and an Addendum to the Contract dated March 15, 2001 (the "Addendum").
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