Foremost among the many challenges facing those responsible for shaping Iraq’s future are two major legal issues – how to assess the country’s outstanding contractual obligations and indebtedness and what to do about the the country’s existing constitution.

Merely because the regime has been deposed, we cannot assume that the constitutional and contractual arrangements Iraq made before the war will lapse. It is quite likely that any successor government may find itself still bound by the actions of the deposed regime.