NEW MECHANISMS FOR COMBATING THE CRIME OF ILLEGAL SPECULATION IN ALGERIAN LEGISLATION
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Abstract
The Algerian legislator has sought to protect consumers from dishonest commercial practices, which have increasingly threatened the national economy on one hand and harmed purchasing power on the other. This is especially true after the global health crisis caused by the COVID-19 pandemic, which resulted in price manipulation and shortages of goods. In response, a specific law was introduced to criminalize actions deemed illegal speculation—Law 21/15—which defines this crime, outlines its forms and elements, and makes its prevention a joint effort between the state, local authorities, and consumer protection associations. This law has introduced preventive measures and strict punitive mechanisms, including the possibility of life imprisonment
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References
Law 21/15 of 28/12/2021 regarding combating illicit speculation, published in Official Gazette No. 99, dated 29/12/2021.
Article 24 of Law 21/15, repealing Articles 172, 173, and 174 of Ordinance 66/156 dated 08 June 1966, constituting the Penal Code.
Sjeri Fatima, Criminal Protection of Consumers, Doctoral Thesis, Faculty of Law and Political Sciences, Abou Bekr Belkaid University, Tlemcen, 2012–2013.
Farouk Abdel, Criminal Protection of the Stock Exchange: A Comparative Study, New University Publishing, 2007.
Talbi Wahiba, "The Concept of Illicit Speculation between Jurisprudence and Banking Law," Academic Journal for Legal Research, Issue 01, Faculty of Law and Political Sciences, Abdel Rahman Mira University, Bejaia, 2001.
Houria Souiki, "Combating Illicit Speculation under the Provisions of Law No. 21/15," African Journal of Legal and Political Studies, Faculty of Law and Political Sciences, University of Adrar, Issue 06, No. 01, 2022.
Definition of scarcity in Article 02 of Law 21/15: "The insufficiency of goods or merchandise to meet the needs of the population due to increased demand or reduced supply."
Ordinance 66/156, as amended and supplemented, constituting the Algerian Penal Code, Article 1.
Tawati Nassira, Lectures in General Criminal Law, Faculty of Law and Political Sciences, Abdel Rahman Mira University, Bejaia, 2014–2015.
Articles 12–23 of Law No. 21/15 of 28-12-2021 concerning combating illicit speculation.
Article 05 of Law No. 21/15.
Imane Souqal, "The Role of Media in Promoting a Culture of Consumption Rationalization," Journal of Human Sciences, University of Constantine, Vol. A, Issue 47.
Examples of initiatives: Coordination by the National Office for Pulses and Dry Cereals with municipal services to establish affordable points of sale.
Soudrati Wafaa, "Illicit Speculation Crime in Algerian Legislation under Law 21/15," Journal of Legal and Social Sciences, Issue 01, No. 08.
Executive Decree 10/299 of 29 November 2010 concerning the special status of employees belonging to the special tax administration corps, Official Gazette No. 74, dated 29 November 2010.