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Thread: CPA 39 cont:

  1. #1
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    CPA 39 cont:

    Section 11
    Dissolution of Entities
    1) Within 14 days from the date of adopting a resolution or other instrument terminating
    the operations of a business entity that is owned or controlled by a foreign investor or
    foreign investors, the business entity with foreign investment shall submit the
    resolution or other instrument to the Iraqi Registrar of Companies.
    2) Upon termination of operations and dissolution of the business entity with any level
    of foreign investment, any such foreign investor shall, consistent with Section 7 of
    this Order, have the right to transfer profits from the sale or liquidation to any foreign
    location, or as provided in a written agreemenbt etweent he foreign investor and an
    Iraqi investor, provided that all amounts owed by such business entity to the
    government of Iraq and all Iraqi creditors have been paid in advance of the transfer.
    Section 12
    Tax Treatment
    The Administrator may issue further orders to address the tax treatment of income
    derived from a foreign investmenthat is reinvested in a business entity in Iraq.
    Section 13
    Treatment of Investors
    No legal text that impedes the operation of this Order shall hold and all investors,
    foreign and Iraqi, shall be treated equally under the law, except as otherwise
    specifically provided in this Order.
    Section 14
    International Agreements
    Where an internationala greementto which Iraq is a partyp rovides for more favorable
    terms with respect to foreign investors undertaking investment activities in Iraq, the
    more favorablet erms undert he internationala greemenst hall apply.
    Section 15
    Evasion
    Violations of Sections 6(3) and 8(1) of this Order may serve as a basis for suspension
    or cancellation of the rights of a foreign investor in Iraq that arise under this Order.
    Section 16
    Entry into Force
    ;hfl ~ on the date of signature.
    r:. Paul Bremer, Administrator
    Coalition Provisional Authority
    CP A/ORD/19 September 2003/39 6
    "".;

  2. #2
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    and that means




    I need to try to understand what you just said.




    But Thanks

  3. #3
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    somewhere is part 1

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    ??????????????????????
    What are you saying?

  5. #5
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    Thanks for the post.

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