Egypt Legal Update
The Reorganization of Export Councils
"Egypt Legal Update"
The Ministry of Trade and Industry issued last week two decisions pertaining to Export Councils. The first decision organizes the legal and administrative structure of Export Councils in general while the second decision recomposes the board of directors of a number of key Councils. This
Jun-2022
Formation of the Board of Dire
In January of this year, the Supreme Council for the Armed Forces (“SCAF”) issued Decree-Law No. 14 of 2012 providing for a new legal
Formation of Working Group for
The Prime Minister issued Decree No. 620 of 2012 forming the National Coordination Group for the Entities Involved in the Repatriation of Smug
The Central Bank of Egypt Redu
In April of this year, the Board of Directors of the Central Bank of Egypt (“CBE”) issued Decree No. 607 of 2012 reducing the reserve require
The Arab International Bank is
On 5 June 2012, the Board of Directors of the Central Bank of Egypt ("CBE") issued decision No. 1105 of 2012 requiring the registration of th
Ministry of Tourism Issues New
As Parliament, Government and Ministers have all been busy with political events unfolding, not much business legislation has been issued duri
Securities Regulator Forbids D
The Executive Regulations of the Capital Market Law – issued by Ministerial Decree in 1993 and amended various times since that time – provide
Financial Supervisor Issues Co
Background Since 1997 factoring was mentioned in Egyptian Law as one of the investment fields stated in the Investment Law Number 8
National Bank of Egypt Issues
On 19 May 2012, the Minister of Finance issued decision No. 250 of 2012 (the “Decision”) concerning the terms and conditions under which the N
National Bank for Investment t
The National Bank for Investment (“NBI”) is a bank wholly owned by the State and established in 1980 (in accordance with Law No. 119
New Tax Accounting Treatment f
The New Decree by the Minister of Finance Simplifies the Process Background The Minister of Finance recently issued Decree
Electronic Disclosure for List
The Chairman of the Egyptian Financial Supervisory Authority (“EFSA”) issued – upon the decision of EFSA’s Board of Directors – Decree No. 15 of 2012
Bank Governance Rules in Effec
All Banks must Comply or Declare Background In August of last year, the Board of Directors of the Central Bank of Egypt is