Note on the New Egyptian Investment law
The long-waited New Egyptian Investment Law No. 72 of the year 2017 was finally passed by the Parliament and issued by the President, this law is expected to attract the investors for the incentives, guarantees, facilitations and advantages provided for in it. 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"). 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...
Maritime Collision in the Egyptian Law
Collision is a maritime danger that frequently occurs especially after the increase of the number of ships sailing in the seas, multiplication of their velocities and unification of navigation lines. Such leads to mass damages to persons and properties. Read more...
Value Added Services (VAS) and Licenses: Egyptian Regulations
The VAS services are services that are based on the content or format of the information that has changed in the content or body of the information it adds value to or provides integration between it and other services from Operational and/or administrative aspects, or those services that involve user interaction with stored information data. Read more...
Factory Registration in Egypt
The Minister of Trade and Industry has reviewed certain Laws and Decrees which are: Read more...
Restrictions on Foreign Investment in Egypt
Nowadays, foreign investment in Egypt is becoming easier, and is being facilitated by the new Investment Law No.72 of the year 2017(hereinafter referred to as the Investment Law) offers guarantees, simpler procedures, as well as incentives that include tax breaks and trims customs duties. Read more...
Egyptian Law: Collateral Securities
The Egyptian legislator regulated the mortgages to be an insurance for the creditors’ interest through the Egyptian Civil Code, Trade Law, and the Movable Securities Law. Read more...
Liquidation of Entities in Egypt
The liquidation of companies in Egypt is governed by the Egyptian Companies Law. No. 159/1981[1], the law governs all the aspects of the companies’ liquidation including the reasons of liquidation, status of the company under liquidation, the appointment of the liquidator, responsibilities of the liquidator and revocation of the liquidator. Read more...
Obtaining a work Permit in Egypt
Throughout 30 years of experience in providing clients with immigration services in Egypt we found that many foreigners and companies are facing many issues in obtaining work permit in that’s due to the complicated process of receiving work permit in Egypt and involvement of numerous authorities. Read more...