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.

Sovereign Guarantee

Sovereign Guarantee Etihad Law Firm is pleased to announce the release of its latest publication: “#Sovereign_Guarantee Guide in #Iraq”. This comprehensive guide offers an in-depth overview of the sovereign guarantee mechanism and its pivotal role in stimulating #investment and supporting major #projects in a rapidly evolving market. Prepared by Mr. Ahmed Al Hankawi and Ms. Shayma Azeez Hatem; the guide presents a clear and concise summary of the essential information, enriched with legal insights and practical perspectives. Amid Iraq’s ongoing economic transformation, in light of government led initiatives and regulatory reforms aimed at attracting foreign capital; the sovereign guarantee emerges as a key instrument for enhancing investor confidence and #mitigating risk. It opens up promising opportunities across sectors such as #infrastructure, #industry, #agriculture, and more. This guide serves as a valuable reference for investors and decision makers seeking to understand the legal and institutional framework of sovereign guarantees in Iraq and to explore the vast potential offered by the country’s dynamic economic landscape.