Law No. 20 on Commercial law
Category: Corporate Law
Member State: Algeria
Document Language: Arabic
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Law No. 20 on Commercial law

December 2015

Law No. 20 of 2015 in Algeria is an amendment and completion of Ordinance No. 75-59 concerning the Commercial Law. It addresses the free determination of the capital for limited liability companies. This law provides greater flexibility for partners to set the capital and distribute shares. It also regulates the subscription process and establishes a legal framework to ensure transparency and fairness in the distribution of shares among partners.