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
Rules for Undertaking Fund Act
Following the amendment of Article 41 of the Capital Market Law No. 95 of 1992 (the “CML”) by virtue of Law No. 17 of 2018 allowing f
Authorizing Venture Capital Co
The Financial Regulatory Authority (“FRA”) issued a decision allowing venture capital companies to finance leasing contracts.
The Establishment of a New Pub
Recently, a new law was issued under No. 157 of 2018 (the “Law”) establishing the Authority for the Development of Upper Egypt (the “
Ministry of Investment’s Decis
In accordance with Investment Law No. 72 of 2017 (the “Investment Law”), which provided for the creation of petition committees to lo
FRA Further Amends Decision fo
On 13 June 2018, the Egyptian Gazette published the Financial Regulatory Authority’s (“FRA”) Board Decision No. 53 of 2018 (“Deci
New FRA Registry Created for F
The Financial Regulatory Authority (the “FRA”) has created a new registry for financial advisory companies and entities licensed to p
Amendment of Real Estate Trans
On 25 July 2018, a law was issued amending Article (42) of Income Tax Law No. 91 of 2005, which imposes a 2.5% tax on the transfer of property
FRA Issues Procedures and Requ
The Financial Regulatory Authority (“FRA”) recently published its Board of Directors decision No. 121 of 2018 dated 30 July 2018 with
A New Law Regulating Financial
A new law No. 176 of 2018 (the “Law”)[1] regulating two main activities of the non-banking finan
Issuance of the Cybercrime Law
In mid-August, Law No. 175 of 2018 on the Combating of Information Technology Crimes (the “Cybercrime Law” or the “Law”) was published in the
FRA Issues Decision on Complia
On 28 August 2018, the Official Gazette published Financial Regulatory Authority (“FRA”) decision No. 105 of 2018 (“Decision 105/2018”)
FRA Issues Regulations for Use
On 3 and 4 September 2018, the Egyptian Gazette issued decisions No. 8 and 9 of 2018, taken by the board of the Financial Regulatory Authority