Thomas Calvert

Biography

Thomas advises clients on how to invest and operate in Iraq, this includes assisting many international and local corporates and financial institutions. His areas of expertise include international mergers and acquisitions, joint ventures, project development, operational and general corporate matters, with a particular focus on the energy, natural resources, and major infrastructure sectors.

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Recent Experience

• Number of international financial institutions on various regulatory matters in relation to operating in federal Iraq and the Kurdistan Region, including advising on anti-money laundering; banking regulation; selling of financial products; as well as conducting business in Iraq.
• Lenders in relation to a major loan agreement in the Iraqi Telecoms sector, and related guarantee, corporate and regulatory issues.
• Number of international financial institutions on various regulatory matters in relation to operating in federal Iraq and the Kurdistan Region, including advising on anti-money laundering; banking regulation; selling of financial products; as well as conducting business in Iraq.
• Clients across many economic sectors in Iraq including but not limited to finance, banking, pharmaceuticals, automotive, information technology and other general industry on diverse operational matters in Iraq, including investment structuring, commercial contracts, public procurement, labour law issues, enforcement and dispute resolution and other matters.
• Major regional bank on its proposed acquisition of another regional bank, including due diligence and advising on banking and financial sector regulatory issues.
• Chinese NOC on oil field development in Iraq, including operational matters such as registration, subcontracting, public procurement, labour law, environmental, managing requests by official authorities and many other issues.
• Chinese NOC on its proposed entry into Iraq and acquisition of interests in a major gas field development including the framework for petroleum projects in Iraq, including the status of hydrocarbons legislation, legal and practical issues in relation entering into the TSC, establishing operations in Iraq and other matters.
• IOC on upstream development for both oil and gas fields (i.e. separate projects), pipeline construction and related regulatory issues, corporate compliance, employment, responding to Iraqi government instructions, overseeing local contentious disputes with subcontractors and other matters.
• Several Chinese oil service contractors in Iraq on various operational matters, resolution of disputes, and other legal and practical issues.
• Major Korean contractor in relation to a major operational and maintenance agreement in the power sector and related negotiations, and local contentious disputes.
• Major Chinese power sector contractor in relation to its project development and maintenance agreements, related contractual and regulatory issues.
• Chinese lenders on a power plant expansion in southern Iraq, including advising on financing, local regulatory, sovereign guarantee, security and sectoral issues.
• Chinese lenders on a major power plant expansion in the Kurdistan Region of Iraq, including advising on diverse financing, local regulatory, security and sectoral issues.
• Major Chinese state-funded insurance company in relation to a proposed refinery project in southern Iraq, including regulatory and contracting matters.
• Chinese lenders on the 750 MW Maisan Combined Cycle Power Plant in the Maisan Governorate in the Republic of Iraq and other matters, including advising on financing, sovereign guarantees, local regulatory and sectoral issues.
• United Energy Group as principal lawyer advising on Iraq aspects of its acquisition of Kuwait Energy, including due diligence, regulatory, oversight of local engagement and advising on/solving transactional issues.
• Chinese infrastructure group on its acquisition of ports facilities in Iraq, including related due diligence, regulatory, contracting and transactional advice.
• Various parties including major lenders to major international project finance transactions in the Iraqi energy and power sector (renewable energy, oil and gas).