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Under contract law, working supposes to deliver physical or intellectual efforts for an employer, which may be a natural person (individual entrepreneur) or a legal entity (generally a registered company, or an association, a representation office, etc) , under his instructions and disciplinary sanction power and in counterpart of a payment, a salary in an […]

Civil law over the world is broadly divided into two different groups : the first one is what we call Civil law systems, that include continental Europe and its historical settlements, as opposed to the Anglo-saxon type, that has taken its roots in England, then expanded to the Commonwealth countries (USA, Australia, India, etc). The

There might be, at first sight, a direct encounter between the two standards. The accounting is a scientific discipline (until a certain measure) that strives to get the most accurate picture of the patrimony of a business at a T instant, using some rules and guidelines. In the one hand, the Algerian Executive Decree n°08-156

Nowadays, a business of any type and size, has to hold an accounting, meaning a record of its assets and liabilities, receipts and disbursements, through a number of books called financial statements. The tax administration, or, rather, the state, is interested by perceiving its rights, called taxes and duties, once a revenue is generated though.

A recent judgement of an Algerian first instance court confirmed the principle of the binding force of agreements, in connection with the tax debt of the administration. A wholesale trading company provided drinks to an individual retail entrepreneur. One of the usual business practices in Algeria is that the customer sends a purchase order to

The question truly deserves some developments. While creating a trade company, the founding partners bring a capital contribution, in cash most of the time. Once created, those people shall be named « shareholders », meaning, as it sounds, that they hold shares, i.e fractions of the issued share capital. Then, once the structure exists legally,