In an interview conducted by Bestoon Khalid on July 28, Jeffrey M. Sullivan, Queen’s Counsel and partner in the London office of law firm Gibson Dunn said Iraqi Federal Supreme Court’s decision deeming the Kurdish oil and gas law “unconstitutional” could trigger investment arbitration claims.
Foreign investors could hold the Iraqi federal government “liable” for contracts signed between the Kurdish government and international oil operators if contractors suffer from substantial harm as a result of a court ruling against the Kurdistan Region’s oil industry, he added.
Read more: https://www.rudaw.net/english/middleeast/iraq/050820221