Legal protection for the foreign investor in Jordan in light of international agreements

Abstract

Legal protection for the foreign investor in Jordan in light of international agreements

Abstract

  Investing in our time is the most important cornerstones for the economies of countries, especially in developing countries that need foreign investment. However, these countries have to provide incentives and capabilities that make the foreign investor feel safe and secure for his money and investments. As the legal protection of the investor upon which the decision to invest its money is built, the most important guarantees and facilities offered by the host country.

The Jordanian Investment Law No. 80 of 2019 amending System No. 77 of 2016 granted the foreign investor sufficient guarantees that would enable the investor to invest his money in safety and protection within the Kingdom. When this system raised the ceiling of non-Jordanian investment from the known limit of some economic activities, the economic environment and providing many job opportunities for Jordanians increased.

 This issue is considered one of the important topics that many developing countries seek to attract foreign investments on their lands. This is by working to improve internal laws and the inclusion of appropriate texts that achieve security for the investor and achieve political and economic openness. Many countries have sought to find a unified international system supportive of the legal protection of these investments. All these are supportive factors in order to attract the foreign investor.

The problem of the study is by specifying the mechanism that the state undertakes in providing security for the foreign investor and the protection provided by the host country for the foreign investor. This can commensurate with what the latter provides and the position of the Jordanian legislator in the investment law?

This research aims to introduce the concept of investment from a legal point of view, what international agreements have been exposed to, and the concept of guarantees of aspects of investor protection in the host country.

The importance of this study is to protect the foreign investor from the risks that he might be exposed to, as it became the responsibility of the host country as a polarizing and attractive destination for investment.

The researcher adopts the comparative descriptive analytical approach as methodology: In this study,, the researcher refers to the specialized and accredited websites, as well as relevant international agreements. The study was divided as follows: -

The first topic: What is investment.

First: The legal concept of investment.

Second: The concept of investment in accordance with international agreements.

Third: The concept of guarantees of aspects of investor protection in the host country.

The second topic: legal sources and methods to protect the foreign investor.

First: The sources of foreign investor protection.

Second: Legal methods to protect the foreign investor

Keywords

Key words: investment, important guarantees and facilities, foreign investor, the responsibility of host country, legal sources, relevant international agreements.