Client Alert June 17, 2022
Recent Iraqi Supreme Court Decision Likely to Trigger Investment Arbitration Claims
On February 15, 2022, the Federal Supreme Court of the Republic of Iraq issued a sweeping decision upending the existing legal framework governing the oil sector in the country. The Government of Iraq has since taken numerous steps to implement the decision, which may have significant and far-reaching repercussions on international oil companies operating under petroleum contracts with the Kurdistan Regional Government.
