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Insurance and banking are among the fields that, in addition to their extraordinary significance, are perhaps considered some of the most attractive sectors for the presence of foreign companies. However, there are ambiguities regarding the activities of foreign investors in these areas, which will be addressed. It should be noted that addressing these two sectors does not imply that there are no ambiguities in the laws or practices of relevant […]

Foreign Direct Investment (FDI) is one of the most known methods of investment by a company or an individual in another country which refers to purchase of an asset giving the purchaser direct control over it. This can include buying lands, buildings, or even owning a controlling stake in a business or productive assets like factories. We have previously explored and detailed the “Protections and Incentives under FIPPA“ in an

Power of Attorney (POA) for Property Sale is a common legal arrangement in Iran that allows an individual, often called the principal, to delegate authority to another person, called the agent, to handle the sale of property or other assets on their behalf. In Iran’s legal system, this type of POA is particularly significant, as it can facilitate transactions where the owner may need to be made available or wishes

Letter of credit is one of the most important payment methods in domestic and international business transactions. It is a crucial tool in major business transactions, especially in cases where the parties enter into a transaction with each other for the first time or require assurance about the other party and its position. Karimi & Associates Law Firm, benefiting from specialists in domestic and international commercial contracts and arranging letters

According to Article 148 of the Commercial Law Amendment Bill of Iran, the inspector(s) are liable to verify the accuracy of the asset statement, performance period statement, profit and loss statement, and balance sheet prepared by the managers for submission to the general assembly and also to evaluate the information accuracy provided by the managers in Public assemblies. The inspectors also shall ensure that the shareholders’ rights are protected and

Arbitration in intellectual property rights issues, like other commercial arbitrations, has been on the rise in recent years. The growth and development of arbitration is due to the principle of the sovereignty of the will of the parties and the desirability of controlling the dispute handling process by the parties. Despite this, the arbitrator is not subject to the will of the parties in all circumstances, and the issuance of

Citizenship or nationality is a word that is used to refer to a kind of political, spiritual or legal relationship between a person and a certain nation or government. Citizenship is a legal and international concept that has received a lot of attention in the last one or two centuries. Regarding the effect of marriage on a woman’s nationality, theoretically there are two main views (traditional and modern): the traditional

Introduction In accordance with Article 24 of the Amendment Bill of the Trade Law approved in 1347, a share refers to a portion of the capital of a joint stock company that delineates the level of participation, obligations, and interests of its owner in the company. Additionally, the share certificate is a negotiable document that represents each individual’s participation level in the joint stock company. Shares in joint stock companies

Introduction Following Article 72 of the Amendment Bill of the Trade Law approved in 1347, the General Assembly is essentially a meeting of a company’s shareholders. The rules for attendance and decision-making quorums are outlined in the company’s articles of association. Companies hold various types of general assemblies, including founding, ordinary, and extraordinary. Types of General Assemblies Founding The founding assembly is an essential part of establishing a joint-stock company