Iraqi Investment Law, Advantages, Guarantees and Immunities from Punitive Damages

States seek to encourage and transfer modern technologies to contribute to the growth and development of the country and to expand its production and service base, as well as to encourage the local and foreign private sector by providing the necessary facilities for the establishment of investment projects and enhancing competitiveness and human resource development through the issuance of laws and regulations dealing with investment. The laws of states have many award and guarantees for the investor to polarize and attract the country. In contrast, punitive damages are one of the most important means of punish malicious behaviour or intentional or blatant act of civil responsibility, but these compensation may be an obstacle to the realization of investment laws for their economic objectives, which is to attract capital in the case was imposed on the investor, especially that it is very large and unexpected financial penalties. This research attempts to determine the possibility of imposing punitive damages on acts of tort or tort liability for parties subject to investment laws and the availability of immunity or lack of availability to investors in the face of such compensation.