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Under the latter amendment, the legislature was subject to the new Act No. 23-17, under which the economic property was classified and the authority of the Algerian Agency for the Promotion of Investment through a Deportable Concession Contract was given, and Ordinance No. 08-04, which may affect the rights and legal status of the investor, on the one hand, and the investment climate, on the other, on the other hand.


Original text

The constitutional founder has sought to uphold the principle of legal security on the basis of the idea of a State that respects the law, which does not make the law a means of expanding its powers, as reflected in the recent amendment of the Investment Act and related laws, including the laws governing the property portfolio intended for investment and the conditions and procedures for the granting of concessions on investment-oriented properties. Under the latter amendment, the legislature was subject to the new Act No. 23-17, under which the economic property was classified and the authority of the Algerian Agency for the Promotion of Investment through a Deportable Concession Contract was given, and Ordinance No. 08-04, which may affect the rights and legal status of the investor, on the one hand, and the investment climate, on the other, on the other hand.


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