Iran is a muslim country in which islamic law is strictly enforced. Chapter 1 definition and formation of joint stock companies chapter 2. As mentioned in the foreword, the joint stock company may be either a public company sherkat sahami am or a private company sherkat sahami khass. This fact sheet provides general information about the iranian sanctions programs under the iranian transactions regulations, 31 c. The relation between international law, islamic law and. Iran, a mountainous, arid, and ethnically diverse country of southwestern asia.
Laws of iran global legal collection highlights in. Iran islamic republic ofs constitution of 1979 with amendments through 1989. According to the law of medical, pharmaceutical, edibles and potables 1995, and subsequent amendments, which is among the oldest integrated laws related to medicines in iran, importing, exporting, selling, and purchasing medicines without acquiring a license from the ministry of health moh is considered as a crime 3 rd clause. Iran sanctions updated april 14, 2020 congressional research service rs20871.
Company law in iran, 9789649814704, 9789649814704, 9789649814704, 9789649814704. Iran law of supporting knowledgebased firms and commercialization. The heart of the persian empire of antiquity, iran has long played an important role in the region as an imperial power and as a factor in superpower rivalries. The second reason is, notwithstanding the fact that iran approved a competition law in 2007, this act was part of another act regarding privatization and. Afarin law firm, combined with the business services of open iran will be one of the main points of reference to foreign companies and their iranian counterpart. As the worlds 18th most populous nation, it is home to 81 million inhabitants. The constitution of the islamic republic of iran sets forth the cultural, social, political and economic institutions of the people of iran, based on islamic principles and rules, and. The law is part of the legal system, which in turn is part of the system of government, and how it functions is in part determined by cultures and customs. This guide to law online iran contains a selection of iranian legal, juridical, and governmental sources accessible through the internet. By this designation, an 8 and half year old solar years girl in iran has the same responsibilities as those of a forty year old woman.
Company status check get information about a company. Mar 17, 2014 success will depend on the international communitys trust in irans commitment to fulfill any agreement. And while law can undoubtedly help create that will, for a proud country like iran, law freely agreed to may prove more effective than law imposed by the security council from above. Max planck unyb 2009 378 justify breaches of internationally recognised human rights standards by references to islamic law. Politics and the state in the islamic republic 1997 asghar shirazi, constitutional. Iran laws is the online collection of laws of iran in english. A contract made in breach of a legal criterion is null and void. Iran must meet the challenge by virtue of a straightforward test to follow the rule of law as a lawabiding country. Be it enacted by the senate and house of representatives of.
Iran has been accused of secretly pursuing a nuclear weapons program. The purpose of the study is to identify legal system and principles of contract law in iran. In this law absorbed company one or more companies intended to merge with a surviving company in such a manner as to bring about the extinction of the absorbed company. Now the constitution of the islamic republic, as the announcement of the structure and political, social, cultural and economic relationships within society, must guide the way towards the consolidation of the foundations of islamic government, and produce the design for a new order of government in substitution for the old idolatrous order. Temporary marriage in shii iran 1989 adineh abghari, introduction to the iranian legal system and the protection of human rights in iran 2008 majid mohammadi, the constitution of iran.
Pdf usiran relations in the postcold war geopolitical. This paper will attempt to convey something of what iranian family law is and how it functions in iran, without claiming to provide the detailed and authoritative information that would be. Pdf this study uses data from companies listed in the tehran stock exchange tse for the years. Passed by substantial bipartisan majorities in the houseand senate.
Since in or about july 2007, hua wei repeatedly misrepresented to the u. Iran, islamic law and international law, in particular human rights law, are inconsistent in various aspects. Selected information on the laws of trade, however, contains useful information on customs procedures. Criminal law and the legal system in revolutionary iran. Iran islamic republic of 168 civil, commercial and family law 15. Generally marriages in islamic law have four important purposes. Jul 15, 2011 generally marriages in islamic law have four important purposes. After the 1979 overthrow of the pahlavi dynasty by the islamic revolution, the system was greatly altered. Our lawyers, auditors, bankers, and financial experts represent institutional as well as private investors, family offices, asset management firms, funds and banks. Irani chairman expert committee on company law stnew delhi, the 31 may, 2005 dear mr. Minister, i have the privilege and honour to present the report of the expert committee to advise the government on the new company law, set up by the ministry of company affairs vide order dated 2nd december, 2004. Iran ex clusively refers to islamic law in the interpretation of the shiite gafari school of law,12 the religion of the majority of the iranian people and the official creed of the iranian state. All you need to know about establishing a company in iran. A merchant is a person whose ordinary engagement is commercial transactions.
Joseph klingler is an associate in the international litigation and arbitration department of. The problem with this argument has more to do with the events of 2015 than with the current debate on the merits of trumps decision. You should respect local traditions, customs, laws and religions at all times and be aware of your actions to ensure that they. Company law of iran is incorporated into the irans commercial act and into amended legal bill of a part of commercial act of iran. Recommended citation nader entessar,criminal law and the legal system in revolutionary iran, 8 b. Iran laws is the online collection of laws of iran in. Brown a period of global experimentation with, and enthusiasm about, constitu. On august 19, 1997, the president signed executive order 59 clarifying executive orders 12957 and 12959 and confirming that virtually all trade and investment activities with iran by u. The rule of law, islam, and constitutional politics in egypt and iran said amir arjomand and nathan j. The law was approved by parliament in november 2010.
Iran has a legal code to protect the proprietary and intellectual rights of works produced inside iran called law for the protection of authors, composers and artists rights, dated january 12, 1970, passed by irans national consultative assembly, supplemented with the law for the protection of rights of the authors of computer programs passed on 2000 iranian year 79. The law of supporting knowledgebased firms and commercialization the present report tries to provide a summary of the mentioned law. Act on punishment of smugglers of people amending certain articles of the passport act and the act on entry and residence of foreigns in iran anti narcotic drug law 1988 anti narcotic drug law amended 1997 anti narcotics law of the islamic republic of iran consolidated as of 1997. Invest in iran, law firm in iran, register a company in iran. Furthermore, in commercial code and company registration act, there was no requirement for company founders or shareholders to be of an iranian national but it was still forbidden for foreigners to establish a company in which 100 percent of shares belong to noniranians. Divorce in iran historically has been easier for a man to obtain than for a woman. Jan 16, 2018 furthermore, in commercial code and company registration act, there was no requirement for company founders or shareholders to be of an iranian national but it was still forbidden for foreigners to establish a company in which 100 percent of shares belong to noniranians. Under the new law girls are criminally responsible from the age of eight years and nine months. Links provide access to primary documents, legal commentary, and general government information about specific jurisdictions and topics. The rule of law, islam, and constitutional politics in egypt. The law stipulates that in exceptional circumstances the supervisory press board within the ministry of information is empowered to close newspapers or magazines by administrative order. An introduction to iranian competition law and policy by. Chapter 1 of the laws of 2012, which amends state finance law by adding a new section 165a, and chapter 106 of the laws of 2012, which amends the public authorities law by adding a new section 2879c, are collectively known as the iran divestment act of 2012 act. Had the obama administration passed the iran deal as a.
The legal code is now based on islamic law or sharia, although many. Family law in iran civil code, family protection, islamic. The entrepreneurs who want to open a company in iran are counselled to accept the legal assistance of local iranian lawyers, who can simplify the procedure of registering a company here, as they are aware of all the legal measures specified under the iranian regulations. Contract can be defined as an agreement between two or more parties that is binding by law.
Companies and partnerships compared a a company can be created only by certain prescribed methods most. Sharia law, the age of maturity for boys is 15 lunar years and the age of maturity for girls is 9 lunar years. Emergency economic powers act ieepa as well as the isdca, substantially tightening sanctions against iran. It offers a rereading of the angloiranian oil case as not the dry, procedural dispute it is commonly. The civil code of the islamic republic of iran wipo. Nioc was established in 1948 and restructured under the consortium agreement of 1954.
Austrian centre for country of origin and asylum research and documentation accord women, children, lgbti persons, persons with disabilities, moral crimes december 2015 pdf. Joseph klingler is an associate in the international litigation and arbitration department of foley hoag llp. Constitutionalism will not disappear, but it will find itself grappling with. The joint stock company is defined by the law as a company whose capital is divided into shares and the liability of whose shareholders is limited to the par value of their shares. Electronic commerce law of the islamic republic of iran pdf export import regulations act enacted 26 september, 1993. Criteria on registration of companies and property rights. Be it enacted by the senate and house of representatives.
The rule of law, islam, and constitutional politics in. Amin, commercial law of iran 1986 shahla haeri, law of desire. A company is a corporation an artificial person created by law. Some years ago also similarly, in september in 2004, a us attack on iran to prevent irans nuclear activities was predictable and bush explicitly said. Iran is opecs secondlargest oil producer and the fourthlargest crude oil exporter in the world. A contract is valid if it is concluded according to legal criteria. In the current market, firms must be able to handle work in the areas of oil and gas, ip and it law, ecommerce, jv contracts, mining, banking and. Commercial code electronic commerce law of the islamic republic of iran pdf export import regulations act enacted 26 september, 1993 exportimport regulation act foreign investment promotion and protection act fippa iran exportimport laws and regulations of 2007 86. Please provide any information which suggests that premarital sex is punishable by law in iran. Iran islamic republic ofs constitution of 1979 with. Pdf corporate governance and firm performance in iran. The first water law after the revolution in the islamic republic of iran was approved in 1982.
A guide to the legal system of the islamic republic. A nationwide judicial system in iran was first implemented and established by abdolhossein teymourtash under reza shah, with further changes during the second pahlavi era. In that context, it is worth recalling an episode in germany in 1992. In any case, if a mature person commits what is defined as a crime inside iran, she will be tried. Although iranian leaders claim to be enriching uranium only for peaceful nuclear energy purposes, these claims have been treated with derision by the west. Classical islamic law dictates that girls of nine years of age are criminally responsible, by reference to the lunar calendar.
The legal code is now based on islamic law or sharia, although many aspects of civil law have been retained, and it. Bank of iran and designated iranian financial institutions under section 1245 of the national defense authorization act for fiscal year 2012 ndaa. You can get some details about a company in iran, including. The islamic republic of iran customs administration irica.
China precision machinery importexport corporation cpmiec 10. We can offer support in submitting the legal forms required to open a. Iran water law and the manner of water nationalization. Based on this law, allocating and issuing permits to use the water for domestic, agricultural, and industrial purposes is the responsibility of the ministry of energy moe. The first is that, even though historically in iranian law there had been some provisions regarding competition law and unfair competition, until 2007 iran didnt have a competition act. All you need to know about establishing a company in iran by.
A company thus has legal rights and obligations in the same way that a natural person does. Irans gasoline rationing program has reduced imports by about 40% in 2008, year on year. This chapter is published in james crawford et al, the international legal order. Chapter 1 of the laws of 2012, which amends state finance law by adding a new section 165a, and chapter 106 of the laws of 2012, which amends the public authorities law by adding a new section 2879c, are collectively known as. Sherkate melliye nafte iran is a governmentowned national oil and natural gas producer and distributor under the direction of the ministry of petroleum of iran. We can offer support in submitting the legal forms required to open a business, verify if they respect the conditions of the. Legal aspects and procedure of setting up a company in iran hg.
But since iran uses the solar calendar, religious devouts will sentence girls of the former age. Institute of standard and industrial research of iran. Until 2002, if a foreigner wanted to establish a company in iran, he or. Iranian commercial law, iranian at traction and protection of foreign. Iran persia is officially known as the islamic republic of iran. The proceeds deposited in the name of a company in the. Introduction the iranian parliament had approved the law on antiquities in october 1930 more than two decades after oil was discovered in the southwest of iran.
Purchase or acquisition of any kind of movable property, for the purpose of sale or hire, whether in its original state or not. It is also possible that one person would act as the representative of both parties to a contract. Article 199 consent obtained as a result of mistake or duress will. A nationwide judicial system in iran was first implemented and established by abdolhossein teymourtash under reza shah, with further changes during the second pahlavi era after the 1979 overthrow of the pahlavi dynasty by the islamic revolution, the system was greatly altered. Part 560, and the iranian assets control regulations, 31 c. Iran claimed that iraq was to blame for both the missile and the mine, and brought a claim to the icj in november 1992 accusing the united states of.