Iraq Law No. 21/1997 Company Law

Abrogating

Iraq Law No. 36/1983

Amended by

Iraq Law 2004

Iraq Law No. 17/2019

In the name of the people The Presidency

On the basis of what had approved by the National Assembly and approved by the Revolutionary Command Council, and based on the provisions of Article (53) of the Constitution;

We issued the following law:

Section One - Key Provisions

Chapter One - The Law's Objectives, Bases and Scope of Validity

Article 1

This law aims to:

  1. Organizing the companies.

  2. Protecting the creditors against fraud.

  3. Protecting shareholders from conflicts of interests and misbehaviour of company's officials and owners of the majority of the shares controlling its affairs virtually.

  4. Promoting the provision of full information to owners regarding decisions affecting their investments and their company.

Article 2

Suspended.

Article 3