Business Opportunities in Post War Iraq
Mondaq Business Briefing › United States Law Articles in English (2003)
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Business Opportunities in Post War Iraq
Originally posted October, 2003
By Michael R. Charness, Charmaine A. Howson, and Frank A. Verrastro*Contracting with the U.S. government is one of the best vehicles both large and small companies can use to expand their business in overseas markets. While affording great opportunities, however, such undertakings also present a number of challenges. Companies must be mindful of compliance with U.S. export control laws, the Foreign Corrupt Practices Act, and anti-boycott laws, as well as rules unique to government contracting, such as compliance with cost accounting standards, bid protests, and terminations for convenience. This article focuses on recent events in Iraq, which provide an illustration of the opportunities and obstacles companies can expect to face when transacting business overseas.For the past 13 years, since Iraq's invasion of Kuwait in August 199...See the full content of this document
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