Files that left a mark
A selection of the major matters we have handled in recent years. Details have been anonymised to preserve client confidentiality.
- 2024
ICSID arbitration in a sovereign energy dispute
- Value
- US$850m
- Forum
- ICSID · Washington
- International Arbitration
What was at stake
A dispute between a state and an international energy company over the interpretation of a concession.
Our role
Local counsel within an international team that led the arbitration over three years.
Outcome
Settled in the state's favour for US$420m and the concession was secured.
- 2024
Renegotiation of a Kurdistan Region PSC
- Value
- —
- Forum
- Erbil · Federal Negotiation
- Oil, Gas & Energy
What was at stake
Production-share terms following a federal legislative shift.
Our role
Led the operator's legal side through 11 months of negotiation.
Outcome
Amended agreement preserving project economics and extending the term by 20 years.
- 2024
Telecoms FDI structuring
- Value
- US$120m
- Forum
- Iraq · Investment Authority
- Corporate & Investment Law
What was at stake
Market entry by an international operator through a local joint venture.
Our role
Deal structuring, licensing, and the full contractual framework.
Outcome
Successful close within 7 months; operations launched in 10+ governorates.
- 2023
Acquisition of a Baghdad office tower
- Value
- US$72m
- Forum
- Baghdad
- Real Estate & Development
What was at stake
One of the largest commercial real-estate transactions in Baghdad since 2014.
Our role
Acted for the buyer through the full due diligence and close.
Outcome
Successful close and a clean handover free of legal defects.
- 2023
High-profile corruption defense
- Value
- US$35m
- Forum
- Baghdad · Court of Cassation
- Criminal Defense
What was at stake
Corruption allegations against a senior contracting executive.
Our role
Built and presented the defense strategy at three levels of court.
Outcome
Acquittal at final instance after a 3-year proceeding.
- 2022
A regional bank's 30% stake in an Iraqi bank
- Value
- US$180m
- Forum
- Iraq · Central Bank
- Banking & Finance
What was at stake
First transaction of its kind after the new regulatory regime.
Our role
Deal structuring, negotiation, and securing regulatory approvals.
Outcome
Successful close that established the template for subsequent sector deals.