|
|
| daily menu » rate the banner | guess the city | one on one |
|
|
#1 |
|
Dreams of Babylon Rising
Join Date: Jun 2005
Posts: 7,053
Likes (Received): 266
|
Iraq opens court to protect foreign investment
Iraq on Wednesday inaugurated a new court formed to resolve disputes between foreign investors and Iraqi companies as part of efforts to encourage investment into its moribund economy.
"Establishing this court strengthens the judiciary and makes it more specialized, and it also encourages investment into Iraq," said Medhat al-Mahmud, the head of the Supreme Judicial Council. The court will deal exclusively with legal disputes between foreign investors and Iraqi entities, whether they be the government or private-sector firms, according to council spokesman Abdul-Sattar Bayraqdar. "The purpose of this is to encourage foreign investors that there are laws in Iraq that will protect their interests," he told AFP. ------------------------------- I think this is a good move (and long overdue) |
|
|
|
|
|
#2 |
|
Moderator
Join Date: Nov 2009
Location: Baghdad
Posts: 4,086
Likes (Received): 104
|
very good move...more needs to be done though like amendments to the investment law of 2006
__________________
“Limitations live only in our minds. But if we use our imaginations, our possibilities become limitless” - << VISIT BAGHDAD, ARAB CAPITAL OF CULTURE 2013 >>-
|
|
|
|
|
|
#3 |
|
stsirorret dedrater kcuf
Join Date: Sep 2008
Location: nwot rorret ibahaw
Posts: 8,167
Likes (Received): 326
|
very good first step. lets hope it really works.
|
|
|
|
![]() |
| Thread Tools | |
| Display Modes | |
|
|