Buy-Side Due Diligence and Acquisition Protections for Iraqi Businesses

LEXIR conducted buy-side Iraqi legal due diligence for a proposed acquisition involving operating businesses in Iraq and converted the material findings into transaction protections.

Scope of work

The review addressed corporate status, ownership and authority, licences, contracts, employees, contractors, disputes, related-party arrangements and potential liabilities. Rather than treating the diligence report as the final product, the team incorporated the relevant findings into the acquisition agreement, closing checklist and implementation plan.

• Identification of corporate, contractual, employment and regulatory gaps.
• Conditions precedent for matters requiring remediation before closing.
• Detailed closing deliverables and evidence requirements.
• Targeted warranties, indemnities and pre-closing covenants.
• Protections concerning employees, contractors and undocumented arrangements.
• Controls preventing unauthorised leakage or related-party benefits before closing.
• Defined post-closing obligations for remaining implementation steps.

This representative experience is published in anonymised form. No client, target, transaction value, timetable, sector or outcome is disclosed.