Governmental entities are prohibited from taking legal action against startups, as per the recent order announced by President Ebrahim Raisi, the Vice Presidency for Legal Affairs.
Information and communications technology activists believe countless complaints filed by authorities have increased the hurdles facing new businesses. The halt in economic activities of startups, as a result of such lawsuits and prolonged judicial procedures, has driven many new businesses into bankruptcy, EBINewscom reported.
Experts assert that the directive preventing executive organizations from filing complaints against new businesses is a highly supportive and effective measure. They also believe that the new law will help address the startup ecosystem's problems at a faster pace.
Add new comment