Claims against Iraqi oil and gas : legal considerations and lessons learned / Rex J. Zedalis.

Format:

Book

Author/Creator:

Zedalis, Rex J., author.

Language:

English

Subjects (All):

Debts, External--Law and legislation--Iraq.

Debts, External.

Petroleum law and legislation--Iraq.

Petroleum law and legislation.

Natural gas--Law and legislation--Iraq.

Natural gas.

Oil and gas leases--Iraq.

Oil and gas leases.

Revenue sharing--Law and legislation--Iraq.

Revenue sharing.

Petroleum industry and trade--Iraq.

Petroleum industry and trade.

Physical Description:

1 online resource (xxiii, 251 pages) : digital, PDF file(s).

Other Title:

Claims against Iraqi Oil & Gas

Place of Publication:

Cambridge : Cambridge University Press, 2010.

Language Note:

English

Summary:

This volume presents the first comprehensive examination of the legal issues surrounding international debt recovery on claims against Iraqi oil and gas. In addition to presenting a snapshot view of Iraq's outstanding debt obligations and an analysis of the significance of the theory of odious debt in the context of the Iraqi situation, the list of legal issues examined includes relevant provisions of the Iraqi Constitution of 2005, controlling Security Council resolutions, pertinent articles of the KRG oil and gas law (No. 22) of 2007 and the many nuanced and technical questions raised thereby, legal pronouncements aimed at protecting Iraqi oil and gas and those adopted in selected other nations, and general problems associated with recognition and enforcement of awards or judgments that may involve such oil and gas or revenues from the sale thereof. Also discussed are the lessons learned by the handling of the Iraq debt experience and the transferability of those lessons to future situations.

Contents:

A précis on Iraq's debts

The legal theory of "odious debt"

The development and background of Security Council Resolution 1859 and 1905

The development and background of the Iraqi measures permitting departure from earlier oil and gas contractual commitments

The concepts of "finality," "related to," and assorted matters: Article 54 of the KRG oil and gas law (no. 22), and Article 141 of the Iraqi Constitution

Old oil and gas contracts and those of more recent vintage : Iraqi constitutional protections of contract rights and their significance on legal claims

Oil and gas assets affected by the prosecution of legal claims aimed at recovering on debts owed by Iraq

Issues associated with prosecuting a claim in the United States, with a glimpse at other jurisdictions : the impact of national law

Recognition and enforcement of determinative actions affecting Iraqi oil and gas assets

Lessons learned from the Iraqi experience transferable to other instances of debt owed by resource-rich nations.

Notes:

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

Includes bibliographical references and index.

ISBN:

1-107-20451-8

1-139-03584-3

1-139-04207-6

1-139-03816-8

9786613051950

1-139-04052-9

1-283-05195-8

1-139-04130-4

1-139-04470-2

0-511-76159-7