As a part of the government efforts aiming to facilitate the procedures adopted by its institutions serving public interest for the government, its institutions and people, the Prime Minister’s Office has issued its decision no. (4000/2302666) on the 24th of January 2023 stating to facilitate the procedures of importing and exporting goods and commodities by the companies, investment projects, factories, agricultural and livestock projects and others with IMMEDIATE effect. You may review the full decision in English language by clicking on below link:

Prime minister’s office letter dated 24 01 23_English

Per the second official invitation by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH “GIZ”; our firm has attended the Private Sector Development and Employment Promotion Project (PSD) monthly after-work event called “Tawasul” organized by the German Federal Ministry for Economic Cooperation and Development (BMZ), co-financed by the European Union, and implemented by GIZ in Babylon Rotana Hotel/Iraq, attended by Dean of the College of Business Economics at Al-Nahrain University, Dr. Nagham, President of the Federation of Iraqi Industries, Mr. Adel Ekab Hussein and an official representative of the Ministry of Industry and Ms.Adeline Defer Head of Project, Private Sector & Employment Promotion Project at GIZ Iraq.

This event provides an opportunity for stakeholders from the private and public sector, as well as academia to informally exchange on topics related to issues on private sector development in Iraq.

This Tawasul event brings together relevant stakeholders from public and private sector to discuss in an interactive setting how the Iraqi industrial sector can be reinvigorated. Led by a panel of local and international experts on industrial policy, we can jointly explore the question of how Iraqi industrial factories can be supported to enable them to meet local demand, leverage their export potential and create employment opportunities, thereby supporting Iraq’s path towards a more diversified economy.

Each side of the attendees expressed their vision according to their specialization and the factors that contribute to the development of the private sector, where Dr. Nagham pointed to the importance of developing the academic aspects and its effective role in providing a workforce with expertise in the market, as well as the weakness in the vocational schools in the market in the present time, which led to attracting expats and expertise from outside Iraq to manage the simplest aspects of business.

In addition, the representative of the Ministry of Industry and Minerals referred to the ministry’s upcoming plans on supporting the private sector and industrial projects in particular, with regard to the ease of obtaining projects for import and investment licenses and shortening the time for projects to provide their needs of raw materials and support their products.

Also, Mr. Adel, head of the Iraqi Federation of Industries, has affirmed the need to develop and grow the role of private sector projects by applying some radical solutions from all sides, including import and logistical solutions, and providing further support from the competent authorities, and get up with solutions on how to encourage domestic production, while our firm through his team attending the event, has highlighted the significant role the private sector should carry out in the development and growth of the country economy and suggested means to activate this role.

Given the primary role of legal institutions in this matter, our firm, through our distinguished attorneys, was keen to attend such events to support the country in improving the national capacities to formulate private sector development policies and to advance the operational, regulatory and legislative environment that helps the development of small and medium-sized enterprises in Iraq.

Highlights of our firm participation in below pictures and video:

The Associazione Italiana per l’Arbitrato “AIA” performs a legislative impulse function and promotes publications, conferences, seminars and training courses dedicated to professionals and companies, also in collaboration with other Italian and foreign institutions that pursue similar purposes.

One of the activities of the (“AIA”) is today essentially aimed at the promotion and dissemination of domestic and international arbitration on a scientific and cultural level.

We are proud of our of-counsel Mr Zead Al Dulame who has been officially invited by the President of the “AIA”, Mr Andrea Carlevaris, to the SPORTS ARBITRATION AND HUMAN RIGHTS online seminar held on the 20th of September 2022 to discuss Sports Arbitration and Human Rights in terms of the validity and invalidity of Arbitration Agreements, and the evolutions of Arbitration panels for Sport in line with the Court of Arbitration for Sport (CAS) over the past 10 years with respect to handling cases beforehand.

It is worth mentioning that the Court of Arbitration for Sport (CAS) is an institution independent of any sports organization which facilitates the services of the settlement of sports-related disputes through arbitration or mediation utilizing procedural rules adapted to the­ specific needs of the sports world.

The CAS has nearly 300 arbitrators from 87 countries, chosen for their specialist knowledge of arbitration and sports law. Around 300 cases are registered by the CAS every year which has the task of resolving legal disputes in the field of sport through arbitration. It does this by pronouncing arbitral awards that have the same enforceability as judgements of ordinary ­courts.

One of the crucial points addressed during the Seminar is “the importance of the confidentiality of the Arbitration Hearings”, and that CAS’s judgments are not published and accessible to the public, as this is one of the features of the arbitration, in general, to maintain the sustainable business relationship of the parties. Though as the ordinary arbitration procedure is confidential, the parties, arbitrators and CAS staff are obliged not to disclose any information connected with the dispute. In principle, awards are not published, unless otherwise agreed.

The appeals arbitration procedure does not specify particular rules of confidentiality, but the arbitrators and CAS staff have a similar duty of confidentiality during the proceedings. Generally speaking, unless the parties agree otherwise, the award may be published by the CAS.

At last, and as a law firm, we are keen on encouraging our team and lawyers we cooperate with to always develop their knowledge of being steps ahead of thinking in their profession which enables us to provide unique and effective solutions to our clients.

Highlights of the event are in the below pictures:

Per official invitation by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH “GIZ”; our firm has attended the Private Sector Development and Employment Promotion Project (PSD) workshop organized by the German Federal Ministry for Economic Cooperation and Development (BMZ), co-financed by the European Union, and implemented by GIZ in Babylon Rotana Hotel, Iraq. Whereas (PSD) organizes a monthly after-work event called “Tawasul”; Such event provides an opportunity for interested private and public sectors for networking and exchanging standpoints aiming to develop specific sectors.

Throughout this workshop, the Participants were thrilled to discuss topics related to private sector development issues in Iraq. The role of exchanging ideas was the cornerstone to build trust between the participants, which is an essential part of establishing an open and constructive dialogue exchange with interested people from the private and public sectors, as well as academia.

PSD has decided to conduct an event was called “Geographical Indications (GI)” and mainly was held to discuss geographical indications in Iraq and Iraqi law, how to record such indicators and their effects, how to benefit from these indicators for agriculture and inherited craft professions and Freelancers, and finally how to protect the results of these indicators and the differences between the geographical indication and the trademark.

During the event, Dr.Maitham Adham (chief of engineers in the intellectual property division, Department of industrial development and organization in the Ministry of Industry and Minerals) amused us with a lecture about the importance of such geographical indicators concerning the development of industries in Iraq for both private and public sectors and the current challenges facing the uprise of the economic situation in Iraq and how to use GI to serve our favors.

Lastly, given the primary role of legal institutions in this matter, our firm, through our distinguished attorneys, was keen to attend such workshops to support the country in strengthening national capacities to formulate private sector development policies and to advance the operational, regulatory and legislative environment that helps the development of small and medium-sized enterprises which directly enhances employment in Iraq.

With an official invitation from the Station Foundation, we have attended MEET & GREET event organized by The Station and The Iraqi Private Banks League with highly sophisticated institutions and European embassies along with elite entrepreneurs and startup companies in Iraq from whish we mention The Kingdom of the Netherlands Embassy, the Australian Embassy, Tabadul Fintech Co., KAPITA, Ashur Bank, Decision Academy, Globitel, Travelport, SAFR, Raw Media Production and more. The event aims to discuss and resolve the latest challenges of the nowadays ecosystem and networking which is a complex network and interconnected system.

Through conducting roundtables discussions, involving professionals and experts from our firm, we were excited to attend such an event to examine vital issues now facing the industry as technology continues to reshape industries both within the organization and externally.  Despite these challenges many organizations have overcome and mitigated these issues, the main imperative driving positive adoption is people, delivery team orientation to customer value, and rapid learning cultures.

From the legal perspective, our firm was keen to showcase all the legal challenges that might be faced by such organizations through the latest legal technologies that we are using nowadays and how the legal profession should adapt to current, and future, changes in technology.

It is worth mentioning that the Station Foundation for Entrepreneurship is one of Iraq’s leading co-working spaces in Baghdad and other provinces. First established in 2018, as an independent, non-governmental, and non-profit organization, it became the cornerstone for Iraqi youth with fresh and inventive ideas to set foot into the business world and entrepreneurial projects.

Highlights of the event are in the below pictures:

Given the framework of both, the country and our firm keenness to spread the legal culture to support the empowerment of women, especially in the incorporation of small and medium-sized enterprises (SMEs), since they are companies that maintain the level of their revenues, assets, or number of employees within certain limits, while each country has its own definition of a small or medium-sized company, as the state determines the size that it should be established and according to the industrial field to which they belong, insofar our company was keen to provide integrated legal knowledge to support such companies through resolving any ambiguities, bridging gaps and encouraging them to rise and flourish.

Accordingly and in response to the invitation of our partners (The Station institution) our firm, through its skilled attorneys, on behalf of the Companies Department, conducted a workshop on Iraqi corporate law at The Station as a part of the workshop held there coordinated with SheTrades initiative initiated by the International Trade Center. The workshop is intended to encourage women involved in fashion and décor design and marketing to legally set up their business.

With the presence of a wonderful group of Iraqi women entrepreneurs in this field our attorneys Mr.Othman Ayad & Mrs.Ola Swidan gave an overview of our firm services highlighting the importance of legal knowledge for all society levels, especially for women due to their dedicated role in work. Afterwards, our attorneys explained how to fulfil the requirements for incorporating companies of all kinds, determining their capital, sectoral approvals, and some other approvals according to each company activity and further explained the legal approach to register an online store and protect the intellectual rights of business owner including the registration and protection of Trademarks, then run questions and answers session with the attendees regarding the legal information shared by our team.

It is worth mentioning that The Station is considered the cornerstone for Iraqi youth with new and innovative ideas to enter the private sector and by having this dynamic partnership; Al Muhamoon Al Mutahidoon confirms its commitment to provide substantial support to SME’s and Iraqi entrepreneurs.

Officially sponsored by the Central Bank of Iraq and the Iraqi Ministry of Finance & and Iraq Private Banks League besides other reputable financial institutions, the 5th Annual Iraq Finance Expo (IFEX) is devoted to revealing the latest financial technologies and innovations in the Iraqi financial market. Now in its 5th year, IFEX is hosted at the Baghdad International Fairground from 2nd till 4th of July, 2022. The full range of Iraqi Financial service institutions is represented at the exhibition including Iraqi and International Banks, payment service providers, FinTech start-Ups, digital technologies, investment companies, capital markets, etc.
Our visit was on the 2nd day to focus and shine a spotlight on Iraq’s rapidly developing banking and financial services industry and our UpToDate exposure to such field in terms of its legal and compliance positions from the traditional banking methods to the new technologies which are leading the charge in global growth trends and how Iraq is poised to take advantage of such innovations.
Also, we have provided our insights and suggestions on the Iraqi financial laws to explore new opportunities and provide solutions to big financial challenges.

The IFEX was held with wide participation by the financial and banking institutions such as Trade Bank of Iraq “TBI”, S2M for digital payment, Al Taif Islamic Bank, Al Janoob Islamic Bank, International Development Bank, National Bank of Iraq, IRAQNA IBTS, TNFX, Arab Payment Services “APS”, BHTC for Training & Consulting and many more.

Below are some highlights of our visit.

In June 2022, the 7th Iraq Energy Exhibition & Conference IEE is focusing on the breakthroughs in the generation, distribution, storage and use of power to meet domestic needs and international requirements. The 7-year-old event brings together the world’s leading manufacturers, global experts, governments, procurement, project managers and contractors to drive cost-effectiveness and efficiency and move projects forward. Discover the thousands of power products and innovative technologies that are energizing the industry in the 7th Iraq Energy Exhibition & Conference “IEE”

Our Firm in Iraq proudly was one of the exhibitors in the IEE which was sponsored by the Iraqi Ministry of Electricity besides many reputable energy firms such as General Electric, Hitachi Energy, Alfanar along with other esteemed companies and organizations such as Schneider Electric, MASS Group, SCATEC, Al Hamra Insurance and KEPPT; the conference has been an outstanding chance to meet up vis-a-vis and have valuable discussions with clients, partners, and other stakeholders on how we can assist the Energy sector investments in Iraq in terms of all its legal aspects

During the inauguration, his Excellency Eng. Adel Kareem (Minister of Electricity) was keen to visit and get to know all the exhibitors’ representatives. His highness emphasized how significant is the investment in such sector and its positive impact on the Iraqi economy, especially when it is fully assisted by the collateral legal aspects and their contribution to raising awareness about the Energy, power and renewable energy fields

In addition, we were proud to witness the appointment of the actress Ms.Ala’a Hussein as the ambassador of the Iraqi renewable energy and it will be a great move in the industry

Lastly, we were honored, among other esteemed exhibitors and sponsors, to receive an appreciation shield for our contribution to the sector from his Excellency Eng. Nizar Qahtan Hassan Al-Tamimi, Deputy Minister of Electricity for Distribution and Transportation Affairs

For more information about the Conference and our participation, please press below link

7TH IEE GUIDE

7TH IEE GUIDE_OUR PART

 

Al Muhamoon Al Mutahidoon Firm for Legal Consultancies is ranked for a consecutive year in the Legal 500 2021 and 2022. Legal 500 is one of the most prominent legal directories globally. The Legal 500 series contacts over 300,000 clients globally to obtain feedback on which law firms meet the criteria required by today’s in-house counsel and business leaders, wherever in the world their work takes them. All of this is used to benchmark each law firm versus competitors in the practice area in question.

In order to obtain such rank, we have been interviewed in person and by telephone with our specialist attorneys in each division– generally, the heads of departments or partner which helped to obtaining a clear picture of the firm direction and adopted policies.

Furthermore, we have submitted examples of legal projects our firm rendered in all legal aspects taking in consideration the confidentiality and non-Disclosure our firm commits towards its clients, as well as securing contact between Legal 500 and our firm clients enabling the specialists working on our firm rank to closely verify the quality of our services fulfilling the standards internationally adopted in the legal profession serving an accurate and fair evaluation.

Our attorneys’ professional coordination and intelligent quality management system were playing the significant role in obtaining such honor of ranking by providing the pre-requisites of Legal 500 in a flawless smooth way without any interruption or hindering our daily workload with our clients.

It is always crucial for investors to understand the business environment they are intending to enter for addressing the factors that best serve the growth of their investment further maintain a secure operation circumstances. With respect to the Iraqi market and besides the economic aspect; the legal environment may be the most significant concern for foreign investors.

Serving the objective of encouraging foreign investment in Iraq and considering the above understanding, our firm (Al Muhamoon Al Mutahidoon) in direct coordination with The German Liaison Office for Industry and Commerce in Iraq, a member of the Global Network of German Chambers Abroad “AHK”, has a productive participation, besides other high level experts in variant fields and sectors, in the preparation of a Guidebook for Doing Business in Iraq covering the best practices and FAQ’s for doing business in the country under the laws and regulations of Federal Iraq & Kurdistan Government of Iraq.

Al Muhamoon Al Mutahidoon contribution consisting of (36 pages) in English Language out of the Guidebook total pages (322), is focused on corporate sector, tax system and social security and employment under the Iraqi laws, prepared by a qualified and dedicated team of the firm, they are:

  1. Ms.Hiba Basim Khaza’al
  2. Attorney Othman Ayad
  3. Attorney Zyad Abdel Al Ratha Habeeb
  4. Attorney Mohammed Hasan Hashim

In terms of corporate sector, our firm has presented an inclusive detailing on the forms of legal entities in Iraq available for foreigners and related requirements including share capital, shareholders and ownership limitation (where applicable), management and reporting, together with the involved estimated costs for incorporating the most popular forms of legal entities. It

While the report has presented an overview on applicable taxes in Iraq, both corporates and individuals, together with the allowances and exemptions addressing the most popular FAQ’s on this topic.

The labor law in Iraq is another topic that was covered by our firm under the Guidebook, in terms of the rights and obligations stipulated for the employee and the employer under the Iraqi law, the terms governing the relation between the two parties, in addition stating the taxes (social security subscriptions and income tax) implied to each party depending on the paid-up salary and the allowances applicable for employees under the Iraqi law.

Al Muhamoon Al Mutahidoon strongly adopts the Guidebook initiative that combines wide range of contributions providing a comprehensive and practical overview of the economic situation and legal system in Iraq highlighting the opportunities and challenges facing business representatives in Iraq at the same time, it provides assistance in developing solutions for the complex day-to-day operations on the ground, and our firm is willing to continue its usual legal support serving healthy business environment.

A copy of the guidebook could be downloaded via below link of AHK official website:

BEST PRACTICES AND FAQ FOR DOING BUSINESS IN IRAQ (ahk.de)