Different Approaches and Different Results: A Comparative Analysis of the Nigerian and Iranian Laws and Policies on Controlling the Foreign Corporations

Abstract

Nigeria while applying her rights for controlling the foreign companies operations in her territory, despite feeling contempt, keeping pace with the international community has established and maintained durable grounds for cooperation with foreign internationally well-known investors whereas Iran failing to keep pace with the international community has lost the internationally reliable investors' cooperation. Unlike in Nigeria, this study shows that in Iran distrust to foreigners and local private sector has resulted in a gradual trend which quitting the private (including foreign) sector’s whole activities has placed the economy under the governmental and prioritized semi-governmental sectors dominance. This situation does not seem to be sustainable.

Keywords: Foreign companies – Iranian laws and policies - Multinational companies - Nigerian laws and policies