Over two years have passed since the issuance of the 2020 Finance Law (FL 2020) in December 2019, which has removed most of the restrictions curtailing foreign investment, namely the state’s pre-emption right on the transfer of shares by or to foreign shareholders, the prohibition on investors to finance their projects in Algeria with facilities from foreign lenders, and the so-called ‘49/51 rule’ pursuant to which the capital of…
