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
New Consumer Protection Execut
In the first week of April, the executive regulations for the Consumer Protection Law were issued (the “Regulations”).
Increased Penalties on Misappr
In advance of the next round of subsidy cuts and fuel price hikes, Parliament has amended[1] the Supply L
FRA Issues Regulations and Pro
The board of directors of the Financial Regulatory Authority (“FRA”) issued Decision No. 48 of 2019, dated 8 April 2019, with the regulations
FRA Sets Licensing Rules for F
Following its issuance of the regulations for the establishment and licensing of futures exchanges, the Financial Regulatory Authority (“FRA”)
FRA Decision for the Establish
After amending the Capital Market Law by virtue of Law No. 17 of 2018 and the addition of specific provisions to regulate futures exchanges,
CBE Exempts Discounted Real-Es
On 7 April 2019, the Central Bank of Egypt (“CBE”) issued rules on the exclusion of the discounted receivables (negotiable instruments) of rea
Prime Ministerial Decree Recon
Since its ratification of the United Nations Climate Change Framework Agreement,[1] Egypt has assigned re
The Supreme Committee for Advi
On 24 April 2019, the Prime Minister issued a decree amending the composition and powers of the Supreme Committee for Advising on Internationa
A New Law Regulating Cashless
Following discussions extending over a year under the auspices of the National Payments Council that is chaired by Egypt’s President, Law No.
GAFI Publishes Several Investm
Over the course of the past weeks, the General Authority for Investment and Free Zones (“GAFI”) has been publishing a series of guides on its
GAFI Circular with Rules for C
The General Authority for Investment and Free Zones (“GAFI”) recently published Circular No. 30 of 2019 (the “Circular”)
FRA Licensing Specifications f
The Financial Regulatory Authority (“FRA”) published its board of directors’ decision No. 53 of 2019 (the “Decision”) on its website through w