Iraq Law No. 21/1997 Company Law
Type
Law
Issued on
1 Sept 1997 (corresponding to 28 Rabi Al-Thani 1418 H)
Nature
Law
Jurisdiction
Iraq
Taxonomy
General Company Law & Business Entities
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:
Organizing the companies.
Protecting the creditors against fraud.
Protecting shareholders from conflicts of interests and misbehaviour of company's officials and owners of the majority of the shares controlling its affairs virtually.
Promoting the provision of full information to owners regarding decisions affecting their investments and their company.
Article 2
Suspended.