Clifford Chance

Algeria's move towards relaxing certain foreign investments restrictions

17 June 2020

In a response to the need to boost foreign investments in Algeria, the Supplemental Finance Law for 2020 (the "Supplemental 2020 Finance Law"), promulgated on 4 June 2020, brings significant changes to the rules applying to foreign investments in Algeria by relaxing two major restrictions: (1) the 49/51 rule and (2) the State’s pre-emption right for transfer of shares by or to foreign investors. Additionally, the Supplemental 2020 Finance Law introduces the right to use international financing.

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