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Claims against Iraqi Oil and Gas - Legal Considerations and Lessons Learned (Paperback)
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Claims against Iraqi Oil and Gas - Legal Considerations and Lessons Learned (Paperback)
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This volume presents the first and only comprehensive examination
of the legal issues surrounding international debt recovery on
claims against Iraqi oil and gas. In addition to presenting a
snapshot view of Iraq s outstanding debt obligations and an
analysis of the significance of the theory of odious debt in the
context of the Iraqi situation, the list of legal issues examined
includes relevant provisions of the Iraqi Constitution of 2005,
controlling Security Council resolutions, pertinent articles of the
KRG oil and gas law (No. 22) of 2007 and the many nuanced and
technical questions raised thereby, legal pronouncements aimed at
protecting Iraqi oil and gas and those adopted in selected other
nations, and general problems associated with recognition and
enforcement of awards or judgments that may involve such oil and
gas or revenues from the sale thereof. Also discussed are the
lessons learned by the handling of the Iraq debt experience and the
transferability of those lessons to future situations in which
resource-rich nations may have outstanding financial obligations to
other members of the world community or their nationals.
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