Financing – Sovereign Guarantee

Financing – Sovereign Guarantee Etihad Law Firm is proud to be actively involved in supporting national efforts aimed at enhancing the confidence of international financial institutions in Iraq to enabling the industrial and investment sectors to access sustainable foreign #financing sources that meet economic development aspirations. The firm played a key role in preparing and drafting legal documents and commitments that govern the relationship between the Trade Bank of Iraq (TBI), Export Credit Agencies #ECAs, foreign banks, and international investors. This ensures clarity of obligations and integration of legal and financing frameworks in accordance with international standards. The firm’s team also cooperated with specialized international law firms to prepare contractual structures and provide the necessary legal advice to meet financing requirements, facilitating negotiations and coordination between all relevant parties, including industrial projects with a direct economic impact in Iraq. We are pleased to congratulate our #investor_clients who received yesterday’s Cabinet decision approving a #sovereign_guarantee. These are the first three Iraqi private sector projects to be financed in this manner, in cooperation with the #UK_Export_Credit_Agency #UKEF, Standard Chartered Bank. This achievement marks a significant turning point in the path of #Iraqi private sector #financing. Etihad expresses its high appreciation for the fruitful cooperation and significant facilitation provided by the Iraqi government, represented by the #Council_of_Ministers, the Ministry of Finance, and the Trade Bank of Iraq, in supporting this pioneering national effort. Etihad affirms its continued commitment to continuing to support national projects and foreign investments by providing comprehensive legal solutions that enhance the confidence of international partners in the Iraqi economy and contribute to achieving sustainable development.