Abstract
The Iraqi Investment Law No. 13 of 2006, as amended by Law No. 10 of 2010, provides mechanisms to encourage investment in Iraq, represented by granting powers to grant investment licenses to regions and governorates not organized in a region by forming an investment authority in the areas subject to it that grants a license in consultation with the National Investment Authority. It seemed to us, for some time, important to delve into the issue of withdrawing the license or investment license, as we will include its name in the folds of our research, although we, and despite not finding a linguistic difference between the two terms (license and license), the license, as we found in most legislation regulating investment, falls under the concept of authorization that pertains to the transfer of technology to the country requesting investment in a specific industrial field, which constitutes the initial and basic work through which public authorities allow another person, public or private, to manage and invest in the public facility, and the license in this concept is a legal work whose purpose is to authorize the management of a public facility, and in this sense it requires a definition of the granting authority, and I will mention it briefly, because the subject of our research differs from the license that we are about to explain, as it differs The granting authority (for the license) depends on the nature of the facility. If it is national, the government is the authority responsible for granting it. Sometimes we find that granting the license is the responsibility of the legislative authority alone. Therefore, the state, represented by the government and its public institutions such as municipalities, is not responsible for granting the license. For this reason and to achieve the desired accuracy in scientific research, we decided to adopt the term “license” rather than “permit,” although the Iraqi legislator did not differentiate between the two terms and made them appear synonymous in meaning. Due to the scarcity of legal studies on the subject, we faced a scarcity of sources, so we obtained a few that spoke directly about investment in terms of its importance and the extent of its impact on the national economy and the study of economic feasibility and how to identify it through each investment project without finding explanations that clearly guide us on how Arab laws deal with the subject of investment licensing. Therefore, we relied on general sources that we took as a basis for analyzing the texts of Iraqi law. We relied on the group of information that we obtained from the Najaf Investment Commission, which thankfully refused to provide us with documents, and we find an excuse for it in its unwillingness to defame the reputation of investors whose licenses were withdrawn, as they are the subject of the research. Although the title of our research is “withdrawal of the license,” we found it necessary to link the subject of withdrawing the license to its beginning and reason, which is the grant. We found it necessary to know the procedures for granting the license, and to complete the knowledge and research the subject from all sides, it was necessary to know the effects resulting from the withdrawal. The leave, and this is done by dividing the research into three sections. In the first, we will show the procedures for granting the leave, and in the second section, we will show the cases that require withdrawing the investment leave. As for the last section, we will explain the effects resulting from withdrawing the investment leave through a research plan that I will present in succession, and we ask God for success.