Legal Framework
From The Report: Tunisia 2018
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This chapter introduces the reader to the different aspects of the legal system in Tunisia, in partnership with Meziou Knani & Khlif. It also contains a viewpoint with Ghazi Meziou, Associate Lawyer, Meziou Knani & Khlif.

Articles from this Chapter

Overview

Law of the land: A breakdown of the protections for minority shareholders
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No major economic legislation was established in 2017 as policymakers remained focused on completing the implementation of a new investment framework, which was enacted on April 1, 2017 with the New Investment Law. Under the old framework, foreign investment was subject to government authorisation. There were, however, broad exceptions to this principle, and a list of areas open to foreign investment was established by decree and regularly expanded. The New Investment Law, however, takes the opposite…

Analysis

Path to market: A comprehensive review of listing on the debt and equities markets
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The Tunis Stock Exchange (Bourse des Valeurs Mobilières de Tunis, BVMT) was created in February 1969 and as of April 2018 listed 81 companies. Stock exchange regulations were significantly revised by Act No. 117 of 1994, which reorganised the financial market. This law was accompanied by other legislative measures, including regulatory changes to the public prosecutor’s office and the Financial Market Council (Conseil du Marché Financier, CMF), which is charged with oversight and regulation…

Viewpoint

Fresh perspective: Ghazi Meziou, Associate Lawyer, Meziou Knani & Khlif, on the need for regulatory reform
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Viewpoint:Ghazi Meziou Since the conclusion of the 2011 Jasmine revolution, Tunisia has carried out several major reforms, including the adoption of a new constitution, the freeing of the press, the implementation of new banking regulations and an overhaul of the legal framework for investment, among others. Several additional legislative projects are under way at various stages of development, including an overhaul of the inheritance law, which will finally enshrine equal inheritance rights…