Eversheds Advises Citi on Iraq Venture

Global law firm Eversheds has advised Citibank [Citigroup] on the registration of its representative office in Baghdad, Iraq, making it the first US bank to establish a presence in the country.

According to Citi’s press release, the representative office in the Iraqi capital will support Citi’s clients in the country, and the New York-based bank will also seek to open two more offices, in Erbil and Basra, in the future.

The Eversheds team, led by Partner Tawfiq Tabbaa (pictured), advised Citibank on all aspects of project.

Tawfiq said:

Iraq is a hub of opportunities for global businesses and is fast becoming an important market in the Middle East.

(Source: Eversheds)

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