Obstacles of Applying Legal Stability Principle for Investment in Algerian Law

Yıl 2025, Cilt: 12 Sayı: 3, 1081 - 1095, 28.07.2025

S. Hafida Mecherouk Abdessamad Houalef

https://doi.org/10.5281/zenodo.17187970

Öz

This study aims to highlight the principle of legal stability (legislative stability) as one of the essential guarantees for attracting investment, especially in developing countries like Algeria. Investment, both local and foreign, is the lifeblood of modern economies, and the importance of foreign direct investment emerges as a vital source of financing and development. To achieve this, countries strive to provide an attractive investment environment through a set of legal guarantees, foremost among which are the assurance of capital and its returns transfer, non-expropriation, in addition to the principle of legal stability, which aims to reassure investors and create "legal security" that enhances their confidence and the sustainability of their projects. The main issue of the study is based on the existing tension between investors' urgent need for legislative stability to ensure the security of their investments in the long term, and the state's sovereign right to amend and repeal the laws regulating the investment sector in line with the public interest and the requirements of changing policies. The study seeks to define the principle of legal stability and its regulations, and then analyze the issues and practical challenges that hinder its effective application in Algerian law, and to answer the extent to which this principle can form a real and effective guarantee for creating a secure investment environment in Algeria.

Anahtar Kelimeler

Investment , Law , Obstacles , Stability , Algeria

Cezayir Hukukunda Yatırım İçin Yasal İstikrar İlkesinin Uygulanmasının Önündeki Engeller

Öz

Bu çalışma, özellikle Cezayir gibi gelişmekte olan ülkelerde yatırım çekmenin temel güvencelerinden biri olan yasal istikrar ilkesini vurgulamayı amaçlamaktadır. Hem yerli hem de yabancı yatırım, modern ekonomilerin can damarıdır ve doğrudan yabancı yatırımın önemi, hayati bir finansman ve kalkınma kaynağı olarak ortaya çıkmaktadır. Bunu başarmak için ülkeler, yatırımcılara güven vermeyi ve güvenlerini ve projelerinin sürdürülebilirliğini artıran "yasal güvenlik" yaratmayı amaçlayan yasal istikrar ilkesine ek olarak, sermaye ve getirilerinin transferi, kamulaştırılmama güvencesi başta olmak üzere bir dizi yasal garanti yoluyla cazip bir yatırım ortamı sağlamaya çalışmaktadır. Çalışmanın ana konusu, yatırımcıların uzun vadede yatırımlarının güvenliğini sağlamak için yasal istikrara duydukları acil ihtiyaç ile devletin yatırım sektörünü düzenleyen yasaları kamu yararı ve değişen politikaların gereklilikleri doğrultusunda değiştirme ve yürürlükten kaldırma hakkı arasındaki mevcut gerilime dayanmaktadır. Çalışma, yasal istikrar ilkesini ve düzenlemelerini tanımlamayı, ardından Cezayir hukukunda etkili bir şekilde uygulanmasını engelleyen sorunları ve pratik zorlukları analiz etmeyi ve bu ilkenin Cezayir'de güvenli bir yatırım ortamı yaratmak için ne ölçüde gerçek ve etkili bir garanti oluşturabileceğini yanıtlamayı amaçlamaktadır.

Anahtar Kelimeler

Yatırım , Hukuk , Engeller , İstikrar , Cezayir

Kaynakça

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