Your Legal Knowledge Provider

Legal Knowledge “Egypt Legal Update”

Doing business in Egypt requires continuous and up-to-date knowledge of developments in the commercial environment….

Regulatory Reform

Thebes Consultancy offers research and advice to sovereign clients, international organisations and development agencies in Egypt and throughout the Arab World,…

Governance and Compliance

As the world continues to face turbulent business conditions and financial markets, it has become increasingly apparent that a new regulatory system is being set up,…

Investment Advisory

As companies prepare to enter into the Egyptian market, expand their already existing presence,…

Legal Training

The intricate web of laws and regulations pertaining to business is a complex one. Any onetransaction may fall under the scope of a myriad of laws and regulations….

Latest Egypt Legal Update

Latest News

Monday September 17th, 2018

Egypt’s First Sovereign Fund Law

On 18 August 2018 the law establishing Egypt’s first sovereign wealth fund named “Misr Fund” was issued. With the purpose of contributing to sustainable economic development through management of state funds and assets, the fund was created as an independent legal entity, with an authorized capital of EGP 200 bn. Misr Fund has the right […]

Blog, News
Monday September 17th, 2018

A New Law for Financial Leasing & Factoring

As part of the recent overhaul of the legal framework governing non-bank financial activities, a new law was issued regulating financial leasing and factoring. The two activities are not new to Egyptian law. Rather, the new law replaces a 1995 law on financial leasing, while factoring, although not governed by an independent law, was regulated […]

Blog, News
Friday March 30th, 2018

Capital Market Law March 2018 Amendment: New Regulation of Sukuks, Futures Market, and Various Other Changes

In March 2018, the Capital Market Law was amended by Law No. 17 of 2018, which introduced the biggest changes to the Capital Market Law since its enactment in 1992. The amendment addresses several vital topics, including a complete new regulation of Islamic bonds “sukuks”, an already thriving Islamic finance product, and the introduction of […]

Blog, News
Tuesday March 6th, 2018

Biggest Competition Related Fines in Egypt’s History Imposed on Four Pharmaceutical Companies

On 28 February 2018, the Cairo Economic Court issued a fine totaling five billion five hundred and eighty million EGP against four medicine distribution companies for violations of the Competition Law. The competition regulator, the Egyptian Competition Authority, had initiated legal proceedings in 2015 against the four companies (Ramco Pharm– Ibn Sina – Multi Pharma […]

News
Tuesday March 6th, 2018

The Egyptian Tax Authority Launches an Electronic Filing System

Last February , the Minister of Finance announced the establishment of an electronic system for the submission of tax returns on the Tax Authority’s website. This is part of wider developments aiming to facilitate tax processes to improve Egypt’s overall business environment, including a decision to switch from a paper tax card to an electronic […]

News
Tuesday February 20th, 2018

The Executive Regulations of the New Gas Market Law

  In August 2017, Law No. 196 of 2017 on Organizing the Activities of the Gas Market was enacted to regulate the gas market in Egypt. It aimed to transform the dominance of the Egyptian Natural Gas Holding Company (EGAS) in the downstream market by opening the door to increased participation from the private sector. […]

Blog, News

Our Clients

error: Content is protected