Haynes and Boone, LLP, an international corporate law firm, recently announced the formation of its Iraq Transactions and Claims Practice Group, built to assist clients in securing business opportunities in the risky and uncertain markets emerging in Iraq. The firm will leverage its attorneys’ expertise in working with countries in transition, its excellent governmental contacts, and the firm’s extensive knowledge and experience of establishing a viable business presence in the international arena.
For the first time in twelve years, U.S. and U.N. sanctions may be lifted permitting foreign companies to enter and conduct business in Iraq. Haynes and Boone’s Iraq Transactions and Claims Practice Group stands ready to assist clients in navigating their way through all legal and regulatory barriers involved in securing Iraqi commercial and governmental contracts and resolving conflicts over claims.
“As of today it has not been determined what laws will be applicable to the new Iraq,” said Doug Stinemetz, Partner, Haynes and Boone, LLP. “That is why it is absolutely essential for companies wanting to secure business opportunities in Iraq to have legal counsel in place who can not only provide expertise on all aspects of international business, but can also expedite the process of negotiating governmental contracts and services. More importantly, companies should look for counsel with the ability to anticipate and plan for the new opportunities that will arise as the country continues to rebuild and define itself.”
