Investment in Egypt Archive - Youssry Saleh Law Firm

Investment in Egypt

Distribution versus Agency Agreement according to Egyptian laws and as applicable to pharmaceutical industry

Distribution versus Agency Agreement as applicable to pharmaceutical industry

Youssry Saleh & Partners   3 Jul 2021   158 Views

Pharmaceutical sector of Egypt is one of the oldest strategic sectors in Egypt which has managed to reach an important measure to achieve self-sufficiency of the Egyptian medicine. The main competent authority responsible for managing pharmaceutical industry in Egypt is the Egyptian Drug Authority (EDA), which in its role has adopted policies targeting drug development in various stages of the industry, both in the field of pharmaceutical raw materials, basic chemicals, manufacturing and packaging as well as for the marketing, sale and export.

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Overview on the Consumer Finance Companies in Egypt-Youssry Saleh Law Firm

Overview on the Consumer Finance Companies in Egypt

Youssry Saleh & Partners   11 Mar 2021   716 Views

The Financial Regulatory Authority in Egypt (“FRA”) is taking a positive step towards developing the non-banking financial services sector that can be clearly seen by issuing the new Consumer Finance Law No. 18 of the year 2020 and the FRA’s Decision No. 56 of the year 2020 concerning the Consumer Finance activities.

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New Restriction on Arbitration Clauses in State – Foreign Investor Contracts

New Restriction on Arbitration Clauses in State – Foreign Investor Contracts

Zaynab Ismail   16 Feb 2021   392 Views

In order to improve the Egyptian status with regards to the international arbitration disputes, in which the state is party of whether wholly or partially, the Egyptian Prime Minister has issued a new Decree No. 2592 of the year 2020 (hereinafter referred to as the “New Decree”), which fundamentally and ambiguously amended the provisions of the Decree No. 1062 of the year 2019 on organizing the Supreme Commission to study and provide opinion on international arbitration cases, in which the state is part of.

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Overview on the Legal Considerations of Construction in Egypt

Youssry Saleh & Partners   18 Jan 2021   675 Views

Recently, Egypt has witnessed a remarkable increase in the number of construction companies and their activities regarding infrastructure and real estate development, and Egypt has declared its need for private investment to take a larger role in this sector.

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Conditions and Procedures for Registration in the Egyptian Federation for Construction and Building Contractors

Registration in the Egyptian Federation for Construction and Building Contractors

Youssry Saleh & Partners   30 Dec 2020   451 Views

Egypt has one of the largest construction and building sectors in the MENA region, making it one of the most important factors that increases the county’s GDP. Prior to 1992 there was virtually no integrated organization in Egypt to sponsor and manage the profession or the industry making it accessible for companies and individuals with limited experience to participate.

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Egypt Clarifications on the Free Zones Fees

Egypt: Clarifications on the free zones fees

Zaynab Ismail   19 Dec 2020   394 Views

Free zones are established in order to magnetize the investors via its prominent and premium investment system. As it provides the investors with safeguards and several benefits and incentives related to the goods and their in or out movements without having the hustle to deal with customs, import, export systems and any other investment related procedures, whereas the investor has taken the initiative and invested his money and efforts under the aegis of the free zone system.

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Egypt Regulation: KYC compliance

Egypt Regulation: KYC compliance

Youssry Saleh & Partners   10 Nov 2020   730 Views

Know your Customer (KYC) is a principle that states that “Every bank or broker-dealer shall use reasonable diligence, in regard to the opening and maintenance of every account, to know (and retain) the essential facts concerning every customer and concerning the authority of each person acting on behalf of such customer.”[1] This principle is used to avoid fraud and ambiguity.

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Egypt: The Rule of No-Fault Liability

Youssry Saleh & Partners   21 Sep 2020   1541 Views

In general, each person has a liability for his own acts. If any individual commits a fault, he is liable for it as a consequence of this harmful act or fault and this is called the Rule of Strict Liability.

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Trial Proceedings in Criminal Cases before Egyptian Courts

Trial Proceedings in Criminal Cases before Egyptian Courts

Youssry Saleh & Partners   1 Sep 2020   839 Views

Trial proceedings in criminal cases before the Egyptian courts are regulated by the Criminal Procedure Law No. 150 of 1950 and the amendments thereof. Before introducing these proceedings, criminal case and crime in brief are:

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Egypt New Law No. 152 of the year 2020 regarding the development of Medium, Small and Micro Enterprises.

Egypt: New Law regarding the development of Medium, Small and Micro Enterprises

Youssry Saleh & Partners   19 Aug 2020   1120 Views

As part of the state’s efforts to encourage the Egyptian economy, the Egyptian President issued Law No. 152 of the year 2020 regarding the development of the medium, small, and micro-enterprises.

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Between Force Majeure and Hardship, where does Covid-19 stand

Between Force Majeure and Hardship, where does Covid-19 stand?

Zaynab Ismail   21 Jul 2020   1175 Views

Following rapid spread of the novel coronavirus “Covid-19” that was first reported in the province of Wuhan, China in December, 2019, on 11th of March 2020, the World Health Organization declared Covid-19 to be a pandemic.

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Establishment of a new Unit serving the Golden Licence Services in Egypt

The Golden Licence Services in Egypt

Youssry Saleh & Partners   8 Jul 2020   899 Views

Egypt’s investment Law No. 72 of the year 2017 was promulgated to promote foreign investment by offering further incentives, reducing bureaucracy, simplifying and enhancing the processes.

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The Injunctions in the Egyptian Law

The Injunctions in the Egyptian Law

Youssry Saleh & Partners   8 Jun 2020   990 Views

The injunction is a court order by which an individual is required to perform, or is restrained from performing, a particular act. A writ framed according to the circumstances of the individual case.

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The Practice of Adjournments and Tactics delay of justice in Egypt

The Practice of Adjournments and Tactics: Delay of Justice in Egypt

Esraa Hesham   12 May 2020   1248 Views

Delay in the litigation process has become a global issue and Egypt is no exception. It has been exacerbated in Egypt in the last few years; whereas its issues have increased to the extent that the situation has reached a point that some disputes and cases extend for several years inside the Egyptian courts, and dozens of cases, some of which exceed a thousand paper, have piled inside the corridors of courts, and this is the reason behind the inquiries and astonishment of citizens concerning justice that shall be achieved by the Egyptian Legal Regime.

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Non-Performing Assets The Role of Banks and Financial Institutions in Egypt_Youssry Saleh Law Firm

Non-Performing Assets: The Role of Banks and Financial Institutions in Egypt

Ingi Scandar   15 Apr 2020   1113 Views

On 16 March 2020, in response to the socioeconomic disruption caused by the global coronavirus (COVID-19) pandemic, the Central Bank of Egypt (CBE) issued a circular which put in place a moratorium on all repayments under existing credit facilities for a period of six months.

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CORONAVIRUS COVID-19 's Effect on workflow (Employers and Employees)-Youssry Saleh & Partners

Egypt: CORONAVIRUS COVID-19 ‘s Effect on workflow

Youssry Saleh & Partners   2 Apr 2020   1225 Views

CORONAVIRUS COVID-19 ‘s Effect on workflow (Employers and Employees) :On 11th of March, 2020, WHO Chief Dr. Tedros Adhanom Ghebreyesu had declared COVID-19 CORONAVIRUS as a pandemic, and the definition of Pandemic is a disease that is spreading in multiple countries around the world at the same time.

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The Start of Digital Payment and Collection Systems in Egypt-Youssry Saleh Law Firm

The Start of Digital Payment and Collection Systems in Egypt

Zaynab Ismail   12 Feb 2020   2449 Views

Recently, the Egyptian President and the Parliament approved the issuance of new law that enables the e-payment, with its objective to facilitate wider financial coverage in Egypt, and align with the global trends in adopting policies that reduce the monetary handling, and replace them with banking financial instruments.

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Egypt-Overview on the Capital Market Law Amendments

Egypt: Overview on the Capital Market Law Amendments

Youssry Saleh & Partners   10 Feb 2020   1644 Views

President Abdel Fattah El-Sisi approved Law No. 17 of the year 2018, which included wide-ranging amendments to the Capital Market Law, which included 45 new articles and amending 17 others. 

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Egypt's new financial leasing law-Youssry saleh Law Firm

Egypt’s new financial leasing law

Youssry Saleh & Partners   15 Oct 2019   2356 Views

In light of Egypt’s relentless pursuit of a prosperous economic climate, the Egyptian Parliament passed on August 15, 2018 the new Law No. 176 of the year 2018 regulating both financial leasing and factoring activities, promulgating financial leasing Law No. 95 of the year 1995, which aims at steering economic volume and increasing production of small and medium enterprises.

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The New Bankruptcy Law and its Effects in Egypt

The New Bankruptcy Law and its Effects in Egypt

Youssry Saleh & Partners   7 Sep 2019   2039 Views

The Egyptian Government set a new business plan of investments in Egypt which should encourage the local and the foreign investors by issuing the New Bankruptcy Law No. 11 of the year 2018.

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Split-up of Companies in Egypt-Youssry Saleh law Firm

Split-up of Companies in Egypt

Omaima Fawzy   17 Jul 2019   1491 Views

Pursuant to the new Egyptian Company Law No.4 of the year 2018 and its Executive Regulations No.16 of the year 2018 on the amendments of certain Executive Regulation provisions of Joint Stock Companies, Partnerships Limited by Shares and Limited Liability Companies Law No.96 of the year 1982;

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