Jurists: Thus the Law on Public Contracts Should be to Face the Oil Crisis
Photo: archive
A lot of lawyers and jurists hope the law of public contracts, which is prepared by the Algerian government, will become an effective way to develop the market economy and to achieve adequate protection for the consumer under the policy of “austerity” that was adopted after the oil price’s collapse.
They asserted in phone conversations with Echorouk, on the need to abolish the public transactions that concern luxuries and focus on deals that achieve the goal and build a strong national economy.
Former Member of the National Assembly and human rights’ activist, Boudjemaa Souileh, one of the participants in the preparation of the draft of the new Code of public transactions, called for paying attention to the methods of the conclusion of transactions by mutual consent, and the legal tricks that squandered billions and bankrupt important economic companies.
“This calls for a nimble and precise analysis in legal affairs. The current situation and especially after the entry of the Finance Act into force, it calls for the commission for the preparation of a draft on law for deals, and discuss articles about resorting to international commercial arbitration in international contracts, in order to reduce the recourse to this arbitration, considering it a move to raise the prestige of the Algerian law in order to preserve the economy.
In context, the lawyer Ibrahim Bahlouli, a professor in the Faculty of Law in Algiers Ben Aknoun, said that the first step in the preparation of the new law on deals, must relate to reconsidering the choice of bodies of the party, which will win the deal, as the choice should not be based on money and the administrative technical file only, which opened an ample room for corruption and fraud in crooked ways under the umbrella of the “legitimacy of the deal.”