Legal Guarantees to Protect Investment in Iraq

Abstract

CrossRef DOI

Domestic and foreign investment is considered one of the most significant factors of commercial activity in current actuality, due to the great role, it plays in the level of monetary and sociable growth in the governments that attract investment, and because it is a major channel through which capital and scientific and technical expertise flow. This idea includes giving the local or foreign investor legal guarantees against any of the commercial and non-commercial risks to which his investment project is exposed. Therefore, the research deals with these guarantees and legislative and judicial benefits for the local and foreign investor, their implications, method of reporting, and their types, in addition to knowing the legal guarantees for the conservation of the intellectual and industrial effects and how to determine these guarantees from the amended Iraqi Investment Law No. 13 of 2006. Through this research, several results have been reached, most notably: The Iraqi investor and the foreign investor enjoy many guarantees and benefits approved by the Iraqi Investment Law. In addition to encouraging the Iraqi and foreign private sector to invest in Iraq by providing the necessary facilities for establishing investment projects and enhancing the competitiveness of projects covered by the provisions of this law. The Iraqi investment law has set real and serious guarantees for the investor, in the belief of the legislature in the importance of investment and its role in the monetary expansion of the country. We believe that it is a law that meets the requirements of investment, but that it needs to be reviewed in some of its parts. With regard to intellectual property, the legislator has set guarantees and benefits for intellectual property, it has become an urgent necessity in the dawning of the technical, industrial, and commercial products that the world is building, and the emergence of many global and restricted associations and agreements that have embraced intelligent property security greatly.