Regulatory Alerts1997-02-21
Decree No. 97-410 of February 21, 1997, on the Composition and Functioning of the Public Enterprise Restructuring Commission and the Technical Privatization Committee, as amended by Decree No. 98-1440 of July 13, 1998
Issued by the President of the Republic of Tunisia, Decree No. 97-410 of February 21, 1997, as amended by Decree No. 98-1440 of July 13, 1998, establishes the composition, agenda, and operational procedures for the Commission for the Sanitation and Restructuring of Publicly Participated Enterprises and the Technical Committee for Privatization. The decree mandates that the Technical Committee for Privatization review privatization matters, including reissuing failed tenders, selling low-value assets, and transferring up to 10% of public shares, prior to final approval by the Restructuring Commission. It further assigns the Technical Committee responsibility for monitoring enterprise liquidations, outlines permanent membership and secretariat duties for both bodies, and repeals the original 1989 decree governing these entities.