August 12, 2005

Chip MacDonald Quoted in Atlanta Business Chronicle

Chip MacDonald is quoted in the article "Bank wants $1.4B from Iraq." The article reports on a lawsuit filed August 4th in Fulton County Superior Court by the Italian bank Banca Nazionale del Lavoro SpA. The bank is holding the new Iraqi government liable for the billions of dollars it loaned to Saddam Hussein's regime, but Mr. MacDonald says the bank's prospects for colleting the money may be limited as the Iraqi government will offer a number of viable defenses.
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