Claims against Iraqi Oil and Gas

Rex J. Zedalis is a member of the faculty at the University of Tulsa, College of Law, where he has received numerous awards for his outstanding teaching, including an award in 2004 for the university's most outstanding professor. He has also been recognized for his extensive publication record in both US and European international law journals. He has served as Director of the Comparative and International Law Center (CILC) at the University of Tulsa and as a Fellow with, and a former Assistant Director of, the College of Law's National Energy Law and Policy Institute. Professor Zedalis has also acted as a consultant to international organizations, foreign governments, and domestic as well as international law firms during his nearly thirty-five-year career. Zedalis is the author of The Legal Dimensions of Oil and Gas in Iraq: Current Reality and Future Prospects.

1. A brief prècis on Iraq's debts; 2. The legal theory of 'odious debt'; 3. The development and background of Security Council Resolution 1859; 4. The development and background of the Iraqi measures permitting departure from earlier oil and gas contractual commitments; 5. The concepts of 'finality', 'related to', and assorted matters of Article 54 of the KRG's oil and gas law (no. 22), and Article 141 of the Iraqi Constitution; 6. Old oil and gas contracts, and those of more recent vintage: Iraqi constitutional protections of contract rights and their significance on legal claims; 7. Oil and gas assets affected by the prosecution of legal claims aimed at recovering on debts owed by Iraq; 8. Issues associated with prosecuting a claim in the United States, with a brief glimpse at other jurisdictions: the impact of national law; 9. Recognition and enforcement of determinative actions affecting Iraqi oil and gas assets; 10. Lessons learned from the Iraq experience that are transferable to other instances of debt owed by resource-rich nations.