Vinson & Elkins: Iraqis already working on legal reforms

The Iraqi Governing Council already is working on legal reforms intended to attract foreign investors, promising new opportunities for international oil and natural gas companies, said attorneys with Vinson & Elkins LLC."Iraq is a frontier region, not in terms of reserves but in terms of law," Stephen D. Davis, a Vinson & Elkins partner, said during a July 17 presentation for clients in the law firm's Houston office.Meanwhile, both oil companies and service companies are watching Iraqi developments and eagerly awaiting specifics on doing business there, he said. So far, Iraqi political and legal issues remain intertwined (OGJ, June 30, 2003, p. 30).The Coalition Provisional Authority...

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