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.
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.
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.
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.
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.
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.
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.
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;
Commercial fraud is the most common way used by the weak souls to achieve the dream of being rich, where the methods of fraud have been recently developed in our society, as it became a mean of rapid and illegal gain for some companies and individuals.
The Law on Protection of Competition and Prohibition of Monopolistic Practices in Egypt was promulgated by Law No. 3 of 2005 and its Executive Regulation. The aim of the law is to ensure economic activity does not prevent, restrict or damage the freedom of competition. The law sets out a number of rules that regulates the economic activity of persons dealing in the relevant market.
Medical Devices are used in the healthcare for the diagnosis, prevention, monitoring or treatment of illness or disability. The Egyptian Ministry of Health (MOH) is responsible for the registration and approvals of medical devices in Egypt through the Drug Policy and Planning Center (DPPC) and the Central Administration of Pharmaceutical Affairs (CAPA) which also regulates the importation and manufacture of medical devices.
Egypt has finally passed The Security Over Movables Law in November 2015 which introduced a regime similar to fixed and floating charges as applicable under the UK law. The Executive Regulation (ER) of the Law was passed in December 2016. Taking into consideration novelty of the legislation, it has yet to be implemented on the ground and results to be evaluated. However, the main provisions of the Law can be discussed and outlined.
Master Thesis: E-commerce in the Modern World-Electronic Transactions and Some Challenges and Perspectives: Comparative Analysis of UK, Egypt and South African Legislation
The International statistics confirm the growth and expansion of the Internet usage on a global basis, where the growth volume of such usage in the duration between 2000 and 2019 reached 1,104%. The Egyptian share of such growth is 10,840%. Where the internet users in Egypt represent 48.7 % of the total populations which is equal to 101,168,745.
The New Parliamentary Regulations on the Procedures of Incorporation of Transportation Companies according to the Egyptian Investment Law:
Transfer Pricing is that basis used by the Tax authority to determine the price to be used when determining the taxable profit among non-related parties, where such price is determined in accordance with the market and the circumstances of dealings and transactions, and the related party is that party who has a relationship with a Tax Payer, and such relationship affects the determination of the tax base.
Presidential Decree No. (420) of the year 2018