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15 November 2019
Client Alert | Algeria | M&A / Corporate
The deputy chamber has adopted the abrogation of the 49/51 rule imposing a 49% limitation on foreign investors in Algerian companies in the draft finance law for 2020.
The application of the 49/51 rule will be limited to strategic sectors which have not yet been defined but should be limited in scope.
After review by the high chamber of the parliament, the State Council, the definitive finance law for 2020 is expected to be adopted by the end of December 2019.
