State provides all conditions to which investors aspire

 
ALGIERS- President of the Republic Abdelmadjid Tebboune affirmed Friday, in Algiers, that the State has provided all the conditions to which investors aspire.
 
 
The State “has enshrined the principle of legal security which is one of the main foundations of the modern State to ensure the legislative stability and an independent, responsible and efficient justice, conditions to which all the investors aspire,” said President Tebboune in his speech at the opening of the international seminar on “the role of lawyers in accompanying the investment and dispute resolution,” held at the International Centre of Conferences CIC Abdelatif Rahal, read on his behalf by the Adviser to the President of the Republic for Legal and Judicial Affairs Boualem Boualem, in the presence of Prime Minister Aïmene Benabderrahmane.
 
 
In this regard, the public authorities “reviewed all the laws on investment notably the Code of Trade which has an essential role in ensuring the security of investors in accordance with the requirements of the current commercial activity at the regional and international levels, especially with the development of the commercial relations and the emergence of new forms of commercial activities,” he added.
 
 
President Tebboune underscored that the draft commercial code “provides for mechanisms that facilitate transactions and simplify the conclusion of commercial agreements and procedures for the creation of commercial companies, in addition to the implementation of measures to save companies in difficulty through the institution of prevention and settlement procedures, out of court, before that the company stops payment, then compulsory liquidation and bankruptcy.”
 
These measures are likely to “revive the national economy by preserving the interest of the company which continues its activity and preserve jobs,” he affirmed.