• Legal Challenges Facing Foreign Investments In The Reconstruction Of Iraq©
  • November 7, 2003
  • Law Firm: Pillsbury Winthrop LLP - New York Office
  • The goal of this article is to identify and discuss some of the important issues and considerations with respect to funding the massive rebuild of Iraq. The funding process, as well as future investments in Iraq, will be influenced greatly by (i) the status of the currently effective Iraqi laws, (ii) how quickly these laws and the regulations promulgated thereto will change, and (iii) what shape and content will result from that change. BearingPoint is currently leading an effort including the structuring of new laws, as part of an initial $9 million U.S. Agency for International Development ("USAID") grant (which may become more than $70 million in the coming years). This effort, in part, is geared toward the development of Iraq's infrastructure and its international economic integration.