International Journal of Business, Law and Political Science
Vol. 2 No. 9 (2025): International Journal of Business, Law and Political Science

THE LEGAL SYSTEM OF THE LIMITED LIABILITY COMPANY IN LIGHT OF RECENT AMENDMENTS

Dhannoon, Mohammed Saud (Unknown)



Article Info

Publish Date
11 Aug 2025

Abstract

Objective: This research deals with the legal system of the limited liability company in light of the recent legislative amendments to the Iraqi Companies Law No. (21) of 1997. Method: The researcher adopted the descriptive and comparative analytical approach to monitor the development and deficiencies in the legal framework. Results: The research shows the effectiveness of the new amendments in simplifying procedures, enhancing transparency, and protecting rights by analyzing comparative legal texts and reviewing the impact of these amendments in practice. Novelty: The study concludes that the recent amendments have contributed to facilitating the business environment and achieving a better balance between legal flexibility and organizational discipline, but they still need to be further activated through executive regulations and the training of competent administrative and legal cadres.

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Journal Info

Abbrev

IJBLPS

Publisher

Subject

Economics, Econometrics & Finance Environmental Science Law, Crime, Criminology & Criminal Justice Social Sciences

Description

International Journal of Business, Law and Political Science - ISSN (Online) 3032-1298 is a peer-reviewed (refereed), open-access journal in the domain of finance and management sciences. IJBLPS seeks to advance multidisciplinary researchers by publishing the highest quality theoretical and ...