Iran and Japan Agreement on Mutual Promotion and Protection of Investments Finalized

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Nourlaw.com- Tehran- 3 January 2017- On 3 Azar 1395 (23 November 2016) The Law of Agreement on Mutual Promotion and Protection of Investment between the Islamic Republic of Iran and Japan was passed by the Iranian Parliament, the Official Gazette published the text of the legislation today.
The 21-article accord contains the following titles: Definitions; Promotion of Investment; Admission of Investment; Protection of Investment; General Conduct; Observance of Commitments; Executive Obligations; Confiscation and Compensation of Damages; Substitution; Transfer; Prevention of Entitlement to Benefits; General and Security Exceptions; Intellectual Property Rights; Taxation; Interim Protective Measures; Precautionary Measures; Settlement of Disputes between Investors and the Governments; Investment Joint Task Force; Final Provisions.