Commercial Legal Services

**THIS IS A NOTICE OF INTENT TO AWARD A SOLE SOURCE CONTRACT FOR COMMERCIAL LEGAL SERVICES**

The Overseas Private Investment Corporation (OPIC) is the U.S. Government's Development Finance Institution. OPIC's mission is to provide loans, guaranties, political risk insurance, and investment funds to assist American businesses expand into emerging markets.

This is a notice issued as required by FAR 5.203. Due to this procurement being for commercial services and having a not-to-exceed value of below the $7,000,000, OPIC intends to award this sole source contract under the authority of FAR 13.501(a)(1).

OPIC requires legal counsel to represent and advise OPIC in connection with decisions regarding potential remedies regarding certain events of default now existing under loan documents related to the Housing Project in Iraq transactions. OPIC's interests may require the exercise of enforcement rights on all or part of the trust entities tied to the project and loan collateral. It is essential for OPIC to engage a law firm that has existing knowledge of and experience with this transaction in order to minimize risk of serious financial injury to OPIC in its recovery prospects.

In order to perform this work, a law firm must have attorneys directly employed by the firm who have provided representation or counsel in connection with the above project under the local laws of Iraq and who are experienced in enforcing legal rights to sweep available cash, foreclose on assets, and exercise share pledges under both New York and Iraqi law. The attorneys must also not be limited or prevented by conflict of interest from representing OPIC in this matter. THIS IS NOT A REQUEST FOR PROPOSAL AND IS NOT TO BE CONSIDERED AS A COMMITMENT BY THE GOVERNMENT.

Questions concerning any aspect of this solicitation may be submitted via email to trenescia.cowans@opic.gov no later than 2:00 PM EST on August 30, 2018

PROPOSAL DUE DATE

Proposals shall be submitted to trenescia.cowans@opic.gov no later than 2:00 PM EST on September 6, 2018.

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