After being approved by the Egyptian Parliament, President Abdel Fatah El-Sisi has issued Law No. 182 of the year 2018 that regulates the contracts and agreements which are concluded by the Public Authorities in Egypt within the upcoming period that includes specific regulations that the General Authorities shall follow and apply.
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.
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.
Recent Amendments approved by Parliament on obtaining Egyptian citizenship by investment
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[1]. 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.
The Egyptian Financial Regulatory Authority (FRA) supervises & regulates all non-banking financial markets and instruments, including capital markets, futures exchanges, insurance activities, mortgage finance, financial leasing, factoring, securitization and microfinance.
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 New Parliamentary Regulations on the Procedures of Incorporation of Transportation Companies according to the Egyptian Investment Law:
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[1].
Legal Protection of Bank Customers Under the UK Law
Awarding Public contracts in Egypt is not specified by a certain law, nevertheless, the Egyptian Constitution has set a general principal that it is prohibited to dispose any of the State’s public property. However, disposing of the State’s private property, and public utility concessions are allowed in accordance with the laws promulgated in this regard. The main laws regulating the award of public contracts are:
Egypt used to govern technology crimes and cybercrimes by some provisions in Civil and Criminal laws. Finally, a new Law No. 175 of the year 2018 regarding anti-cyber and information technology crimes was published on Saturday 18/8/2018 by the official Egyptian Gazette following its ratification.
The new investment law in Egypt laid down the basic conditions for the allocation of lands to investors with obliging the concerned authorities (concerned ministries) to provide lands for investment and to notify the General Authority for Investment to include these lands in the investment map.
The Confidentiality might be stated in an independent Agreement called “Confidentiality Agreement” and it could be stated in certain Clauses in different agreements or contracts such as an employment contract. The Confidentiality Agreements or Clauses are essential in any contractual relationship, as it plays an important role in assuring the maintenance of the secrecy and confidentiality regarding all the information disclosed among all the involved Parties of the Agreement. It is a win-win situation for both Parties, as it protects both Parties and builds trust between Parties of the agreement.
The companies, its shareholders, directors and partners are regulated in Egypt by the Companies Law No.159 of the year 1981, it’s executive regulations and amended provisions of Law No.4 of the year 2018.
The Environmental Impact Assessment process is the process of assessing and evaluating the possible and potential environmental effects for a definite project, where such studies take place before the phase of the projects’ implementation in order to decide the best options to minimize the environmental impacts and hazards and to handle the negative aspects that are expected to happen before proceeding with the implementation step.
Counterfeit is defined by the Cambridge Dictionary as products made to look like the original of something, usually for dishonest or illegal purposes or something copied exactly in order to make someone believe that the copy is the original.
Egypt’s government has completed the amendment of the new Labor Law including the Laws of Labor and Trade Union Organizations, in a way consistent with the current economic conditions of the country and its social reflections on all workers sectors as the Egyptian workers are considered the cause behind the real development, which will build the homeland and work on its prosperity; such workers bear the economic decisions issued in 2016, where the government ensured that such Laws will have a final and effective solutions for the workers issues in Egypt especially those between the employer and the employees.
Egypt’s strategy 2030 is a Sustainable Development Strategy which requires development in all aspects to maximize competitive advantage in order to achieve well-being, production, prosperity, success, and interest.
High volume of daily commercial transactions in the economic environment globally and locally requires protection by the law to the interest of damaged parties due to breaching of agreements concluded between them. Therefore, the Egyptian Law defined that civil liability as the obligation to compensate for the damage caused by a breach of the original obligation, the original obligations arising from the contract, and others from the law.
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