The formation of a public-private partnership can have significant legal consequences for the contracting parties, including the establishment and maintenance of effective corporate structures to ensure the partnership's ability to achieve its goals and remain in compliance with applicable laws and regulations. The Iraqi government has recently drafted a new law for Public-Private Partnerships (PPP Law) in an effort to spur economic growth and attract foreign investment to the country. The new law, which is yet to be issued, aims to create a more favourable environment for private sector investment in public infrastructure and services, such as transportation, healthcare, education, and energy. The Iraqi government believes that PPPs will help the country to address some of its most pressing development challenges, including the need to modernize its infrastructure and improve access to essential services.