The Supremacy of International Agreements on the Legislation in Force

AuthorHana Bahtijari Jakupi - Justina Shiroka Pula
PositionUniversity of Pristina, Kosovo
Pages43-49
Vo
l.
5
N
o
.
3
N
ovember
,
201
9
ISS
N 2410-391
8
A
cces online at www.ii
p
ccl.or
g
43
A
cademic Journal o
f
Business,
A
dministration, Law and Social Sciences
II
PCCL Publishin
g
, Graz-
A
ustria
The Supremac
y
of International Agreements on the Legislation in Force
P
D (C.) Hana Ba
t
ari Ja
up
U
niversity o
f
Pristina, Kosovo
Prof. Dr.
J
ustina Shiroka Pul
a
U
niversity o
f
Pristina , Kosov
o
Ab
str
a
ct
The main ob
j
ect o
f
the new le
g
al
f
ramework must be the creation o
f
conditions
f
or a ractin
g
i
nvestment in the chain of economy which will provide long-term positive e ects in the
e
conomy.
I
t is unclear what legal basis has the longest impact on a racting foreign investments
t
hrou
g
h direct le
g
al and sub le
g
al acts or international a
g
reements which are si
g
ned between
t
he investor and the state where the investment is made. Many authors have studied the
legislation for investment or only the international agreements, but never their relationship.
Comparative methods have been used in relation to the international agreements signed
b
etween the Government o
f
Republic o
f
Kosovo and other states who are interested to invest
i
n Kosovo. This material will analyze the issue of
I
nternational
A
greement and legislation
i
nto force in relation to investments. Nowadays all developed countries are interested to have
m
any direct foreign investments. But these investments are to be absorbed in the best way
n
eed a clari cation of the le
g
al bases and
I
nternational
Ag
reement that this state si
g
ns and
o ers to the investors with these
Ag
reement.
K
e
y
words
:
I
nternational
Ag
reement, direct forei
g
n investments, le
g
al acts and sub le
g
al acts
.
I
ntr
oduc
t
io
n
F
oreign
d
irect investments
h
ave t
h
eir
b
eginnings in t
h
e 19t
h
centur
y
, es
p
ecia
lly
f
rom the develo
p
ed countries, where majorit
y
o
f
these states through
I
HD started
s
igni
cantl
y
to im
p
rove their econom
y.
I
nvestment as the engine o
f
economic develo
p
ment can
p
la
y
ke
y
role making sure
t
hat economic growth to be sustainable. Term investment derives
f
rom Latin language
i
nvestment, w
h
ic
h
means a
d
vance –
pl
ace (ca
p
ita
l
)
.
1
Fr
o
m n
u
m
e
r
ou
s
au
t
ho
rs t
he
r
e
a
r
e
v
a
r
iou
s th
eo
r
ie
s
i
n r
e
l
a
t
io
n t
o
th
e
d
e
n
i
t
io
n
of
i
nv
e
stm
e
nt. B
a
s
e
d
i
n th
e
L
a
w
No
.
0
4
/
L-220 For Foreign Investment
s
2
Foreign investments are limited: as ever
y
asset
i
n
p
ro
p
ert
y
or di
erentl
y
legall
y
held b
y
a
f
oreign
p
erson in the Re
p
ublic o
f
Kosovo
with the
p
ur
p
ose o
f
p
er
f
orming legal commercial activities including but not limited
.
M
ovea
bl
e or immova
bl
e
p
ro
p
ert
y
inc
l
u
d
ing t
h
e rig
h
t on t
h
e
p
ro
p
ert
y
in
q
uestion,
a
s well
f
ree will, technical
p
rocesses and knowledge. While, as regards to the Law
No. 05
/
L-079 for Strate
g
ic Investments,
3
investment means an
y
d
irect investment an
d
1
Bektashi, M .(2000).
App
lication of the
q
uantitative methods in the
p
erce
p
tion of investment inter-
a
ction and economic structure new econom
y
of Kosovo, dissertation Thesis, Pristina,
p
. 9.
2
Law No. 04/L-220 For Foreign Investments (O cial Gaze e of Re
p
ublic of Kosovo, No.1/19 Janu-
a
r
y
2014, Pristina).
3
Law No. 05/L-079 for Strategic Investments (O cial Gaze e of Re
p
ublic of Kosovo, No. 6/08, Feb-

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