In order to make it easy for the investors and the keenness of
the General Authority for Investment and Free Zones to solve all
the problems and challenges facing investors, the new investment
law No. 72 of 2017 provides for several ways to settle investment
disputes between resorting to courts, arbitration and settlement
committees that shall be established by a decision of the competent
minister and the prime minister. The following is the most recent
updates of the new law:
First: The Grievance Committee
This is responsible for the consideration of grievances from
decisions issued by the General Authority for Investment or any
competent authority to grant licenses and permits. It is headed by
an advisor from one of the judicial bodies, a representative of the
Commission and an experienced person. The grievances shall be
submitted within fifteen working days from the date of notification
or knowledge of the decision. The Committee shall decide on what
