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
Increased VAT Tax Rates for Ci
On 23 November 2017, Law No. 208 of 2017 was issued amending the Value Added Tax Law No. 67 of 2016 (the “Amendment”).
Bankruptcy Trustee’s Power to
On 4 November 2017, the Supreme Constitutional Court (“SCC”) issued a decision[1] finding uncons
CBE Removes Cap on Deposits an
On 28 November 2017, the Central Bank of Egypt (“CBE”) issued a circular announcing the removal of limits on deposits and withdrawals
Financial Supervisory Authorit
Financial Supervisory Authority – previously EFSA – ("FSA") issued decision No. 122 of 2017, which amended certain provisions regardi
Three New Laws for the Regulat
On 29 November 2017, three laws were issued in relation to nuclear power: (1) Law No. 209 of 2017[1] esta
Central Bank Announces New Fee
The Central Bank of Egypt ("CBE") announced on its website in November a new fee on the sale by foreigners of their Egyptian securiti
New Universal Healthcare Insur
On 11 January 2018, the anticipated new Universal Healthcare Insurance Law No. 2 of 2018 (the “Law”)
Cabinet Decree on the Contract
On 12 December 2017, the Cabinet of Ministers issued decree No. 17 of 2017[1] containing compensation rat
New Trade Union Law Issued
On 17 December 2017, Law No. 213 of 2017 on Trade Unions (the “Law”) was issued following a long process of drafting and debates that
The CBE Requires the Applicati
On 28 January 2018, the Deputy Governor of the Central Bank of Egypt (“CBE”) issued a circular[1]
The Media Honour Code
On 20 December 2017, an “Honour Code” as well as a “Professional Code of Conduct” were published in the Egyptian Gazette after a decision by t
A Look at the Executive Regula
On 28 October 2017, the Prime Minister issued the Executive Regulations of the Investment Law. The regulations contain elaborating details and