VOL. XLIV

No 45

5-November-2001

CAPITAL MARKETS

Iranian Parliament Amends Law OnForeign Investment

The Iranian parliament (Majlis) on29 October reviewed the draft Law on the Attraction and Protection of ForeignInvestment (LAPFI) and passed 30 amendments to the law based on therecommendations of the Council of Guardians, which has to approve alllegislation. A draft of LAPFI was originally passed by the Majlis on 16 May2001, but failed to gain the approval of the Council of Guardians because some...