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What does Algerian law provide if a seller is subject to a serious breach of contract combined with fraudulent acts ? Analyze your project with our lawyers

Within the process of enacting new rules and regulations concerning the importation of goods and services in Algeria, with the aim to protect the local market and manufacturers through the enforcement of new policies, taxes, custom duties and, in general some restriction to the importation, the Ministry of Finance released a binding note addressed to the local commercial players and banking institutions.

The new investment law N0 16-09 entered into force which is not, as usual, a single piece of legislation gathering investment law, finance laws, tax codes, and regulations exchange control. However, the law should be interpreted as being the preliminary step of a mid-term process for amending the “doing business” framework in Algeria which is a positive signal for foreign investors. In fact, the law repealed many burdensome provisions from the former draft and it aims to prepare the ground for further friendly measures.