Legal Issues relating to Contracts in Iraq
Article from: OGEL 5 (2003), in International Law & Regulations / Law of the Sea
In response to calls to invest in Iraq, international investors - both those already in Iraq and those who would like to be - should proceed carefully and be aware of issues of international law. In general terms, two issues need to be considered: the legal validity of contracts signed before the recent regime change and that of contracts signed afterwards. The recent UN Security Council Resolution 1511, adopted on 16 October 2003, does not entirely resolve the situation. Under international law, a change of regime makes no difference to the validity of ...