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Page added on March 5, 2007

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Why Iraq’s new oil law won’t last

Alhajji notes that contracts signed “under duress” are not legally binding. After Iran nationalized its oil industry in the 1950s, British lawyers for the Anglo-Persian Oil Company (now British Petroleum) contested the action in the International Court in the Hague and lost, despite Britain’s superpower status then.


In the future, Iraqi lawyers could similarly argue that any oil deal signed while Iraq was occupied was done under duress and thus was invalid.

csmonitor



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