(June 23, Tehran, Sri Lanka Guardian) Iran President Dr. Almadinejad has issued an order related to encouraging and supporting investments between Iran and Sri Lanka.
According to a report released by the Government’s public relations office, based on an agreement reached between the Islamic Republic of Iran and Sri Lanka, both sides based on their will to expand economic relations, and in line with their interests, have agreed to encourage and support mutual investments with the aim of utilizing their economic resources and potential facilities in investment and also in creating and maintaining proper conditions for investors to invest.
This agreement obliges both sides to support all investments made by the other side’s investors and issue required licenses for the investments in accordance to their own regulations.
The investments made will be supported by each sides legal systems and will enjoy a fair and reasonable conduct in such a way that their will be no difference between local and foreign investors.
All disagreements caused by the implementation of this bill will be initially solved through negotiations. In case the disagreement is not resolved through talks the complainant may communicate its complaint to the other side and take its complaint to a three member arbitration including one juror for each side and an elected arbitrator by both sides.
This agreement will become operational for 10 years, 30 days after both sides have announced that it has become obligatory in their country.
- Sri Lanka Guardian
According to a report released by the Government’s public relations office, based on an agreement reached between the Islamic Republic of Iran and Sri Lanka, both sides based on their will to expand economic relations, and in line with their interests, have agreed to encourage and support mutual investments with the aim of utilizing their economic resources and potential facilities in investment and also in creating and maintaining proper conditions for investors to invest.
This agreement obliges both sides to support all investments made by the other side’s investors and issue required licenses for the investments in accordance to their own regulations.
The investments made will be supported by each sides legal systems and will enjoy a fair and reasonable conduct in such a way that their will be no difference between local and foreign investors.
All disagreements caused by the implementation of this bill will be initially solved through negotiations. In case the disagreement is not resolved through talks the complainant may communicate its complaint to the other side and take its complaint to a three member arbitration including one juror for each side and an elected arbitrator by both sides.
This agreement will become operational for 10 years, 30 days after both sides have announced that it has become obligatory in their country.
- Sri Lanka Guardian
 Iran President Dr. Almadinejad has issued an order related to encouraging and supporting investments ...){kind=link}
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