IRAQ
Why Iraq
In recent years, Iraq has made significant strides in becoming an active participant in the global marketplace. The country is making progress in economic and regulatory reforms aimed at attracting foreign direct investment. Private sector development is a high priority in this regard. With improved security conditions throughout the country, Iraq is certainly a place to consider for investments, business expansion, and other fruitful opportunities.
BHC & The Iraqi Government & International Organizations
BHC is intimately familiar with the Iraqi system of government. Our attorneys and consultants have in-depth knowledge and hands-on experience in the Iraqi laws, regulations and procurement systems. We are able to identify the unique challenges of doing business in Iraq and ways to overcome them. Given our international experience, our clients will be presented with solutions that meet international standards in terms of ethics and service delivery.
As the recipient of a World Bank-International Finance Corporation (IFC) technical assistance contract, BHC provided legal, regulatory, and technical assistance services to the Government of Iraq via the National Investment Commission, at each of Iraq’s national and sub-national level for the Basra Governorate. The assistance included specific investment policy and promotion matters, Iraqi investment- related legal and regulatory assessments; institutional mapping and policy assessments; investor specialized aftercare services; economic sectorial and sub-sectorial FDI regulatory restrictiveness analysis; legal system for establishing special economic zones; dispute resolution services for foreign investors in Iraq; potential for an international standard national arbitration law; and Iraq’s potential accession to the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards of 1958. In fulfilling its obligations under this World Bank contract, BHC has utilized unique resources, such as its professional contacts within the government’s most senior level officials and its rare database of Iraqi laws stretching uninterrupted from 1914 to present day.