COMBATING COUNTERFEIT IN EGYPT
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. Read more...
Egypt’s New Labour Law
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...
Egypt:Importing of materials & equipment for projects
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. Read more...
Compensation according to Egyptian Laws
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. Read more...
Incorporation of Branch Office in Egypt
Pursuant to the Egyptian Company Law No.159 of the year 1981 and its Executive Regulations as amended by Law No.4 of the year 2018, and chapter No. 6 of this law set forth the basic rules and legal framework for the incorporation of branches of foreign companies in the Arab Republic of Egypt, as well as the documents and procedures to be followed for the purpose of incorporation of branches Read more...
SME Financing in Egypt
Although the lending activity in Egypt has been growing, Egyptian banks continue to enjoy ‘large financial flexibility as the credit facilities to deposits ratio remains low at a mere 42%’[1]. This figure is partially due to the fact that a minor portion of retail and corporate bases ‘actually have a creditor/debtor bank account’[2]. Read more...
Food and beverage safety in Egypt
Tourism in Egypt is flourishing, as it became a destination for many tourists due to its many attractions especially the peculiarity of its food. However, in some cases tourists suffer from diseases, infections or food poisoning due to the failure of hotels and touristic sites to observe the food and beverage hygiene, which lead tourists to the court in order to claim for compensation. Read more...
New Decree Regulating Representative Offices in Egypt
According to Egypt’s Company Law, the purpose of the foreign representative office is to study the markets and the possibilities of production, without any commercial activities including the activity of the commercial agents, and it shall be closed after completion of the study process. The beneficiaries in this case are the foreign companies. Read more...
Media Law in Egypt: The New Developments
Recently, the Egyptian media has faced challenges directed to its freedom and independence as a result of the vague legislations and the regulatory framework that lacks the definition and determination of the public and private media, where such regulatory framework is considered as a pressure on the Egyptian media. Read more...
Changing the Company’s Legal Form in Egypt
Changing the company’s legal form is mainly regulated by the Companies Act No. 159 of the year 1981 and its Executive Regulations; in particular Article No. 136 of the Companies Act and Article No. 299 of its Executive Regulations. Read more...
Securities Litigation in Egypt
In Egyptian stock market, many transactions are held on securities and financial instruments that include stocks, bonds, sukuk and securitization bonds. Besides, investment certificates that take the form of companies.[1]The competent authorities are the Financial Regulatory Authority and the Central Bank of Egypt (CBE). Read more...
Deal Breakers in Franchising
Franchise is a practice of the right to run a Company's business system and brand for a certain period of time. Therefore, when concluding franchise agreements, parties should be aware of “deal breakers” provisions such as liquidated damages clauses, insufficient start-up support, and mandatory arbitration clauses. Franchisors provide many advantages for ambitious Franchisees to start a business. However, the benefits are not for everyone. Read more...
The Sole Proprietorship Company in Egypt
On January 16th,2018, a new amendment has been issued under Law no. 4 of the year 2018. Law no. 4 of the year 2018 is considered as an amendment of some articles of the Egyptian Law no. 159 of the year 1981 (the "Companies Law")[1]. Read more...
Establishing the Russian Industrial Zone (RIZ) in the Suez Canal
Presidential Decree No. (420) of the year 2018 Read more...
GAFI: The latest decisions issued to develop procedures for investors in Egypt
In light of the remarkable development in the climate of investment in the Arab Republic of Egypt, which is working to attract investments, through establishing of companies and branches of companies and representative offices of major foreign companies, which led to the Minister of Investment and International Cooperation HE Sahar Nasr to issue numerous decisions and circulars to facilitate procedures for investment and assistance in the completion of services related to investors in the least...
Expert witness report in Egypt
Generally speaking when there is a situation in dispute, the parties may need an expert to tell them what and how they can do about such situation. A report of this nature is what is called an “Expert Witness Report”. Read more...
Appointing and removing the general manager
In order to appoint, change or dismiss the General Manager of the Company, certain procedures shall be taken according to the Egyptian Laws and Regulations. Read more...
A Letter of Guarantee: An Insight into Egyptian Law
A letter of guarantee is a type of a contract issued by a bank on behalf of a customer who has entered into a contract to purchase goods from a supplier and promises to meet any financial obligations to the supplier in the event of the default. The main purpose of this product is to guarantee payment to the beneficiary regardless of any objection or contestation from any other party. Read more...
Renewable Energy in Egypt
Egypt after 2011 started to focus mainly on energy and renewable energy sectors as an integral part of the main projects in the sustainable development plan 2030. Egypt recently issued The Electricity Law No. 87 of the year 2015, and its Executive Regulation in 2016 (Ministerial Decree No. 230 of year 2016) and Renewable Energy Law No. 203 of the year 2014. Read more...
Egypt: Documentary credit
The Documentary Credit is an essential way for the execution of import & export trade operations, thus it has been requisite for the trade relations which has been defined by Article 341 of the Egyptian Commercial Law No.17 of the year 1999 which stipulates that: ‘Documentary credit is an Agreement by virtue of which the bank undertakes to open a credit upon the request of one of his clients (called ‘the remitter’) in favor of another person (called ‘the beneficiary’...
The Transfer of Technology Contract in the Egyptian Law: The Governing Rules
The Transfer of Technology Contract is one of the contracts which are included in the Egyptian Commercial Law No. 17/1999, due to the new era of significant expansion in the field of technology contracts and the legal issues that face the transfer of technology processes at the international level as a result of the conflict of interests between the parties of these processes. Read more...