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Logo of Phnom Penh Post newspaper Phnom Penh Post - Investors' law still at commission stage

Investors' law still at commission stage

The long-awaited Cambodian investment law has not yet emerged from the Economics

and Finance Commission of the National Assembly and at press time officials were

unsure when it would be put to the House.

Lt-Gen Tol Lah, the Secretary General of the National Assembly said: "It is

not yet clear whether the investment law will be ready for the July extraordinary

session of the National Session."

After passing through nine drafts, the investment law was accepted by the Council

of Ministers on Saturday June 18, and forwarded to the National Assembly. However

before it is put to the full House it has to be passed by the Finance and Economics

Commission.

The Permanent Committee of the National Assembly met on July 11 to determine which

items will be ready for consideration in the first of three week-long extraordinary

sessions planned in the next three months. The investment law was not ready at that

time. But Lt-Gen Lah said there was still a chance it could get on the July agenda.

The House officially went into a three-month recess on July 8 but the special sessions

have been scheduled to speed up the passage of urgently needed laws.

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