Adopts investment code
11 Jul 2012
The Investment Code of 2012 introduces arbitration as a mechanism for settling investment disputes between the Government and foreign investors under national and international dispute resolution rules. It also includes major legal principles, rights, and guarantees, including non-discrimination between national and international investors; protection of private property; free currency conversion and transfer abroad of income acquired in Cape Verde, and the right of foreign investors to have accounts in multiple currencies at financial institutions in the country.
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Type:
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Treatment and operation (Non-discrimination, Nationalizations and expropriations, Capital transfer and FOREX, Dispute settlement)
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Industry:
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