Federal: Article (69) of the Central Bank Law does not violate the Constitution

The Federal Supreme Court confirmed that Article (69) of the Central Bank Law No. (56) of 2004 does not violate the Constitution, while noting that the addition of legislative text is not within its jurisdiction.

"The Federal Supreme Court held its session and considered the appeal against the unconstitutionality of Article (69) of the Central Bank Law No. (56) of 2004, which states that" the injured party or parties affected by a decision, order or procedure issued or By the Central Bank of Iraq to submit a written request to the court and seek to review the decision .. The application must be submitted within thirty days from the date of the issuance of the resolution or order ..)).

"The plaintiff also asked in his lawsuit to enact a text that requires that the duration of the appeal begins after the decision is informed."

He pointed out that "the Court found that the text of Article (69) of the Central Bank Law does not violate the Constitution as a legislative option similar to the Civil Procedure Law in relation to decisions issued in the area of ​​accelerated judiciary, and the request to add legislative text from the Federal Supreme Court outside its jurisdiction, And then decided to respond to the lawsuit for not based on the support of the Constitution. "

this is article 69 of CBI
Article 69: First: In the joint liability company, the partner may transferownership of his share of the capital to another partner. It isimpermissible to transfer ownership to outsiders without the unanimous 21approval of the general assembly.

In all cases, this is done by amendingthe company's contract.Second: In the sole owner enterprise, the owner can transfer ownership toanother person by amending the company's statement.

If it is to be transferred to more than one person, or if only a part of the ownership isto be transferred, this can be done only by changing the enterprise intoanother type of company, such as those stipulated in this law.