Musleh Law is proud to provide its clients with the latest important legal updates and amendments.
New amendments to the Bar Association Law No. (11) for the year (1972)
A new law under no. (25) For the year (2014) was issued amending the Bar Association Law No. (11) For the year (1972). The new amendment was published in the Official Gazette in the issue No. 5294 dated July 16, 2014.
According to Article (43) of the same Law, the following companies and enterprises are obliged to appoint a legal consultant registered in the lawyers' registry with the Jordanian Bar Association:
A new regulation amending the Regulation Regulating the Non-Jordanian Investments No. 54 for the year 2000 has been issued recently.
The new regulation has been published and effective as of 16/7/2014. According to the new regulation, foreign investors cannot own more than 50 % of the capital in a project specialized in buying lands for the purpose of constructing and selling residential apartments or the lease thereof. Before the issuance of this new regulation, foreign investors were free to own 100% of the capital of such project.