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Chapter Summary

The Federal Investment Law provides a number of guarantees to the investor. They are intended to assure the investor that his investment and assets in Iraq will be protected by law, and that no arbitrary measures will be taken against him. These guarantees are laid down in Article 12 of the Federal Investment Law, and this chapter deals with in the following order: first, the employment of non-Iraqi personnel will be treated, followed by the right of entry, residence and exit to the investor, the guarantee against expropriation and nationalization, the repatriation of salaries and benefits of non-Iraqi personnel, the sale or re-export of machinery and equipment, the equal treatment of investors, and finally some concluding remarks.

Keywords: expropriation; Federal Investment Law; Investors; Iraq; nationalization



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