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
The Central Bank of Egypt Adju
On 28 February 2017, the Central Bank of Egypt’s (“CBE”) Board of Directors issued a directive that was circulated to banks operating
Application of Medical Insuran
On 13 February 2017, the Minister of Health issued a decision requiring public and private sector entities employing more than 500 employees i
Changes to Using and Importing
On 15 March 2017, a decree by the Prime Minister introduced significant amendments (the “Amendments”) to the Executive Regulations of
The Value-Added Tax Executive
After much anticipation, the Value-Added Tax Law’s Executive Regulations (the “VAT ER”)[1] were
New Annex for the Insurance Ac
On 25 March 2017, a decision by the Board of Directors of the Egyptian Financial Supervisory Authority (“EFSA”) was published in the
New Decision to Regulate Discl
On 28 March 2017, the Minister of Investment – as the minister in charge of non-bank financial activity including the stock market – issued a
Law Amendment Introducing the
On 31 March 2017, a new law was passed amending the Specialized Ports Law (the “Amendment”). The Amendment adds to the scope of the l
A Three-Month State of Emergen
On 10 April 2017, a presidential decree declared a nation-wide state of emergency to take effect on the same day for the duration of three mon
Amendments to Expedite Trials
On 27 April 2017, the Official Gazette issued several amendments on laws aiming to expedite trials and restrict litigation procedures.
A New SME Supervisor in Egypt
On 24 April 2017, the Prime Minister issued decree No. 947 of 2017 establishing a new supervisory body for overseeing the SME sector in Egypt.
New Rules on the Trading of Du
The Egyptian Financial Supervisory Authority (“EFSA”) has recently issued decision No. 29 of 2017 (the “Decision”),
EFSA Decision on Decreasing th
The Egyptian Financial Supervisory Authority (“EFSA”) has recently issued the procedures to be followed for decreasing the size of a