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    Posted November 29, 2013 by

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    Pablo Bauquier : INVESTING IN IRAK


    « Le business en Irak : Entre risques et opportunités » (« Business in Iraq: Risks and opportunities »), (co-written by Pablo Alexandre Bauquier and published by Editions L’Harmattan).


    In early November 2013, Iraq's Prime Minister, Nouri al-Maliki, travelled to Washington in order to ask publicly for economic, military and intelligence assistance from its American ally. Iraq suffers endlessly from internal violence and fails to restore a stable civil peace. In October, the country suffered its deadliest month in five years (see http://www.lefigaro.fr/international/2013/11/01/01003-20131101ARTFIG00396-en-proie-a-la-guerre-civile-l-irak-se-tourne-vers-l-amerique.php ).


    Yet, despite major safety issues, Iraq’s economic development remains a reality. As some sectors remain inescapable, the legal framework is also rapidly changing. The situation in Kurdistan is more complex because of the striking economic boom, but the relationship with the « centre », Baghdad, remains a question mark. The Iraqi authorities are still working to implement an appropriate regulatory framework (see http://www.iraqitic.com/iraqiTIC_doingBusiness_en.php and http://www.invest-in-iraq.com).


    Therefore, the question arises as to whether Iraq is a land of opportunity for foreign investors. Several books published on the subject in recent years and remaining relevant have answered in the affirmative. Among them, « Le business en Iraq : Entre risques et opportunités » (« Business in Iraq: Risks and opportunities »), co-written by Pablo Alexandre Bauquier and published by Editions L’Harmattan. (http://ireport.cnn.com/docs/DOC-1053577 ).


    Iraq is still engaged in a reconstruction phase which offers investment opportunities undoubtably historic for the area. Sectors targeted by investors are hydrocarbons but also electricity, agriculture, infrastructures, telecommunications, waste water treatment, water resources optimization, etc. (http://export.gov/IRAQ/doingbusinessiniraq/index.asp).


    A lawyer by training, Pablo Bauquier outlined in his work investment strategies in Iraq. New studies complete this first picture. (http://www.doingbusiness.org/data/exploreeconomies/iraq/). Mayer Brown law firm has also published an article about the legal framework for investment (http://www.mayerbrown.com/de/Ten-years-after---doing-business-in-Iraq-04-26-2013/). BloombergBussinessweek published its « 10 Smart Rules » (http://www.businessweek.com/stories/2009-09-14/doing-business-in-iraq-10-smart-rulesbusinessweek-business-news-stock-market-and-financial-advice). One chapter of « Business in Iraq » is devoted to the methods foreign investors use to establish their businesses. Pablo Bauquier – who represented Gide Loyrette Nouel law firm in Moscow – and his co-authors have attempted to adapt to the Iraqi context the specific features of certain so-called risky markets with an important security dimension.

    Therefore, the book’s purpose is not to present an apology of investment in Iraq underpinned by pro-American political considerations, but to draw the reader’s attention on a country which, while affected by a human tragedy, offers genuine opportunities.

    Recommended Reading:
    « Dans l'ombre de Saddam , Révélations exclusives », Fayard
    Saman Abdul Majid (author), Christian Chesnot (author), Georges Malbrunot (author) - Essai (paperback). Paru en 10/2003.


    « Le business en Iraq , Entre risques et opportunités », L’Harmattan
    Bruno Baratz (author), Pablo Bauquier (author), Jérémy De Vidas (author)


    « Business à risque à Bagdad , Le retour des entreprises françaises en Iraq », L’Harmattan
    Stéphane-Charles Natale


    « Doing Business in the New Iraq », e-book
    Author: Marsh Donna


    « Iraq Business Law Handbook », ISBN-10:0-7397-4581-6

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