This article deals mainly with the question of Limitation Period under Iraqi Law. Creditors of claims against Iraq which arose from construction, financing and supply contracts concluded with the Iraqi government entities prior to the fall of Saddam Hussein`s regime in 2003 may find this article of interest.
Iraq is the new Middle East destination for business and investments. Being one of the richest countries in oil and gas; as well as emerging from years of war, and the economic growth being experienced all together put Iraq under the spot light.
Companies investing and operating in developing countries are accustomed to dealing with the risks associated with uncertain and sometimes arbitrary political and legal systems.