1 signed distribution agreement (SARL PHARM BMB). 90-day pre-cliff alert window opens 2 August 2026 for the 31 October 2026 sales-volume cliff. Bundle Amendment No. 1 with the cliff bundle.
Country profile
Algeria — regulatory context
Commercial agency law
Law 04-08 on Commercial Agency (2004, amended 2024). Mandatory compensation 1-2 years' average remuneration for abrupt termination (Article 28). Register with National Registry of Commerce (CNRC) and Ministry of Commerce. Exclusive agents prioritized (Article 12).
Vet drug authority
DGV (Direction Générale des Services Vétérinaires), Ministry of Agriculture. Full marketing authorization via DGV: clinical data, pharmacovigilance plan. Local testing often required; export license needed. Timeline: 12+ months.
FX rules
Bank of Algeria Instruction 03-2024 — 100% repatriation mandatory within 180 days. Pre-approval required for payments > USD 10k. Payment-channel delays common.
Multi-distributor permissibility
CONDITIONAL Law 04-08 (amended 2024) prioritizes exclusive agents (Article 12); registering a second agent breaches the existing exclusive's protection and triggers Article 28 compensation (1-2 years' average remuneration). Multi-distributor only if both non-exclusive.
Voidance risks
Language law: Arabic mandatory for state-court enforcement (Constitution Article 3, reinforced in commercial proceedings); French sometimes accepted as parallel; foreign-language contracts require certified Arabic translation.