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
A New Egyptian Accounting Stan
The Board of Directors of the Egyptian Financial Supervisory Authority (“EFSA”) issued a decision on the Egyptian Accounting Standard
Formation of a Committee for t
The Prime Minister issued Decree No. 2324 for the Year 2016[1] (the “Decree
Decisions of the State Land Re
Presidential Decree No. 378 for the Year 2016 has been issued on the 24th of August rendering the decisions of the State Land Reclamation Comm
Amendment of the Laws on Indus
Two new laws were issued under numbers 68 of 2016[1] and 72 of 2016[2]
A New Tax Dispute Settlement L
A new law was issued for the settlement of tax disputes (the “Law”).[1] It replaces two laws whi
Amendments to the Law regulati
New amendments[1] to the Law regulating the Employment of Egyptians by Foreign Bodies were issued recentl
A Steering Committee for the U
On 24 September 2016, the Egyptian Gazette published Prime Minister's Decree No. 2540 for the Year 2016 regarding the establishment of a steer
Pensions Raised by 10 Percent
In application of Article 27 of the Egyptian Constitution and in response to the mounting economic distress, the Egyptian parliament has recen
The Central Bank Issues New Li
On July 13th, 2016 the Board of Directors of the Central Bank of Egypt issued new rules regarding the Liquidity Coverage Ratio "LCR"
Increases in Electricity Price
A decision by the Minister of Electricity on 8 August 2016 brought into effect significant changes to the price of electricity. The changes ta
Labour Union Law Amendments
The President issued Law No. 61 of 2016[1] to extend the union session and to amend certain provisions of
New amendments to the Banking
A recent amendment (“Amendment”) to the Banking Law has imposed harsher penalties on violations of foreign exchange related provision