The Consequences of Foreign Company’s Acquisition of Legal Personality in Jordanian Legislation

This study delves into the economic and legal significance of acknowledging foreign companies’ legal personality in Jordan. Jordanian Company Law No. (22) Of 1997 requires foreign companies to abide by several obligations and rights as a result of receiving legal personality in Jordan. Ascertaining a myriad of conclusions and suggestions from the study, it has been identified that one of the primary recommendations is to modify Jordanian Company Law No. (22) Of 1997 by imposing penalties on foreign companies that fail to abide by the legal obligations set forth. Furthermore, the study proposes the elimination of Article (243/A/3) from Jordanian Company Law No. (22) Of 1997, which authorizes the Minister of Industry and Trade to exempt foreign companies from publicizing their financial statements in two local newspapers. This particular clause hampers regulatory scrutiny and raises concerns about the legitimacy of their financial and legal status. The Paris and Bern Conventions, which cover industrial and commercial intellectual property rights as well as literary and artistic rights, are the focal point of research on global protection of intellectual property rights. The study delves into the role of the World Intellectual Property Organization (WIPO) in agreeing to and implementing these conventions. Furthermore, the investigation is driven by an exploration of the ability of national laws to keep up with rapid technological progress in response to these agreements. Starting with an in-depth examination of historical patterns, the study details the evolution of intellectual property rights, tracing their origins and emphasizing the diverse multinational groups committed to their safeguarding. By utilizing an analytical methodology, it references crucial clauses within global agreements and tracks their impact in the digital era, identifying key milestones. Additionally, a descriptive technique is applied to scrutinize these agreements and increase comprehension of their significance.