Search in Legal Updates :
2019, November
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Reduced Service Fees for the Offering of Green Bonds
The board of directors of the Financial Regulatory Authority (“FRA”) recently issued its decision No. 141 of 2019 to lower…
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CBE Circular with Further Regulations for Microfinance Credit Facilities
On 13 October 2019, the Central Bank of Egypt (“CBE”) issued a circular with further regulations for banks to follow…
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Minister of Education Issues Unlawful Decision Restricting Foreign Ownership of Schools
On 24 October 2019, the Egyptian Gazette published Minister of Education Decision No. 183 of 2019 (the “Decision”)[1] amending a…
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CBE Instructions to Banks on Exposure Calculation for a Single Client and their Related Parties
On 13 October 2019, the Central Bank of Egypt (“CBE”) issued new instructions to banks in its Board of Directors…
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Ministry of Finance Clarifies the Method of Collecting Tax on Treasury Bill and Bond Returns from Non-residents
A Ministry of Finance decision dated 14 October 2019 (the “Decision”)[1] was issued containing the rules and procedures for the…
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2019, October
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Presidential Decree Forming a Committee to Amend the Public Sector Enterprise Law
On 10 October 2019, Presidential Decree No. 526 of 2019 (the “Decree”)[1] was published in the Official Gazette and forming…
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Amendment of the Income Tax Law ER Requiring Companies to Submit Advanced Tax Deductions Electronically
On 13 October 2019, the Ministry of Finance issued decision No. 643 of 2019 (the “Decision”)[1] amending the executive regulations…
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Addition of the ‘Purchase and Sale of Real Estate’ to the Activities of Commercial Brokers
On 13 October 2019, the Ministry of Trade and Industry Decision No. 827 of 2019 (the “Decision”)[1] was published in…
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FRA’s Regulations Regarding Local Experts and Consultants for Green and Sustainable Projects
The Board of Directors of the Financial Regulatory Authority (“FRA”) recently issued its Decision No. 127 of 2019 (the “Decision”)[1]…
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The Establishment of Various Industrial Chambers
On 2 October 2019, a set of nineteen Prime Ministerial decrees were published in the Official Gazette, establishing various industrial…
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A New Law for Licensing Public Stores
One of the most important laws affecting economic and commercial activity – especially for small and medium enterprises – was…
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FRA Board Extends the Grace Period for Offering Securities of Listed Companies for an Additional Six Months
On 29 September 2019, the Board of Directors of the Financial Regulatory Authority (“FRA”) issued Decision No. 129 of 2019,[1]…
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FAQ Booklet Related to the Law on the Settlement of Building Violations
Last month, the Ministry of Housing, Utilities, and Urban Communities issued a booklet elucidating Law No. 17 of 2019 on…
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FRA Mandates Women’s Representation on Boards of its Supervised Companies
Two new decisions by the board of the Financial Regulatory Authority (“FRA”) were recently published in the Egyptian Gazette, mandating…
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Cabinet Issues New Regulations for the Disposal of the Proceeds from the Sale of State Private Property
On 18 September 2019, the Cabinet issued Decree No. 30 of 2019 (the “Decree”),[1] stipulating the regulations for the allocation…
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