Enforcing contract claims against Iraq in U.S. courts: the statute of limitations; August 2 will mark the sixth anniversary of Iraq's invasion of Kuwait

Article Abstract:

Aug. 2, 1996, the sixth anniversary of the Kuwait invasion by Iraq, is significant for companies with claims against Iraqi companies during the Gulf War. Six years is the statute of limitations for contract actions. Claimants who have not filed actions in national courts before the expiration of six years have waived their chances for recovery even if they have filed claims with the UN Compensation Commission or took part in the census of Iraqi claims done by the US Justice Dept.'s Foreign Claims Settlement Commission.

Laws, regulations and rules, Limitation of actions, Statute of limitations, Claims (International law)

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Iraqi oil flows again: doing business with Iraq under Resolution 986, prospects for payment of claims against Iraq

Article Abstract:

Resolution 986 of the United Nations Security Council allowed Iraq to resume selling a limited amount of oil, beginning December, 1996, in order to finance essential civilian needs. The resolution states that all purchases must be approved by the United Nations and that the proceeds of these purchases must be used to meet civilian needs, to maintain the pipeline and to pay Gulf war reparations. Also, US firms seeking to do business with Iraq must first seek the approval of the United Nations.

Crude Petroleum, Management, International aspects, Iraq, International trade regulation, United Nations. Security Council, Legislative resolutions

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Libya's petroleum industry: effects of U.S./U.N. sanctions

Article Abstract:

The implementation of US and United Nations sanctions against Libya has negatively affected the country's petroleum industry. Libya's oil production has declined tremendously after the imposition of sanctions, with present oil production representing only as much as one third of the country's peak output. The imposition of sanctions has also resulted in the deterioration of refining plants and decline in exportation of liquefied natural gas.

Crude Petroleum & Natural Gas, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Trade Relations, Restraint of Trade, International trade, Natural gas, Gas industry, Sanctions (International law), Trade policy, Libya

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