Search in Legal Updates :
2019, July
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Listed Companies Explicitly Excluded from Application of Suspension of Share-Transfer Registration from Date of General Meeting Notice
On 7 July 2019, the Egyptian Gazette published a decision by the Minister of Investment amending Article (205) of the…
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GAFI’s Manual for Valuations Related to In-Kind Contributions to Capital, Change of Legal Form, Mergers, and Demergers
The General Authority for Investment and Free Zones (“GAFI”) recently published on its website its Chairman Decision No. 853 of…
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Automatic Petroleum Pricing Mechanism Applied to Most Petroleum Products
On 5 July 2019, the Prime Minister issued decree No. 1558 of 2019[1] tasking the technical committee for the review…
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FRA Amends NBFC Related Rules
The last ten days of the previous month saw the issuance of three amendments by the Financial Regulatory Authority (“FRA”)…
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Constitutional Court Law and Judiciary Laws Amended following Recent Constitutional Changes
On 26 June 2019, two laws were published[1] amending provisions in the Supreme Constitutional Court (“SCC”) Law,[2] the [general/civil] Judiciary…
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2019, June
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Amendment Concerning the Serving of Independent Directors in Holding Non-Banking Financial Companies on the Boards of their Subsidiaries
On 20 June 2019, the Egyptian Gazette published a decision by the board of directors of the Financial Regulatory Authority…
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FRA Issues Circular on Cashless Payments for NBFIs
Following the issuance of the new Cashless Payments Law No. 18 of 2019 (the “Law”) two months ago,[1] and amidst…
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GAFI’s Decision on the Electronic Submission of Financial Statements
The General Authority for Investment and Free Zones (“GAFI”) has recently issued its decision No. 624 of 2019 mandating that…
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CBE Pilots its Fintech Regulatory Sandbox
This month witnesses the launching by the Central Bank of Egypt (“CBE”) of a pilot program in the field of…
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Amendment of Real Estate Valuation Provisions for Funds in Capital Market Law Regulations
Dated 9 June 2019, a decision by the Prime Minister was published amending the executive regulations of the Capital Market…
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New Law Regulating the Federation of Industries and Industrial Chambers
On 28 May 2019, a new law was published regulating the Federation of Egyptian Industries and the Industrial Chambers that…
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GAFI Issues Templates for Investment Project Certificates and Incorporation
Last month, the General Authority for Investment and Free Zones (“GAFI”) published two decisions on its website that concern business…
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Amendment to the Formation of Board of Directors in Investment Fund Companies
The Financial Regulation Authority (“FRA”) recently issued its Board of Directors Decision No. 58 of 2019 amending Article 1(1) of…
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Competition Authority’s Statement of Infringement to Delivery Companies
The Egyptian Competition Authority (“ECA”) made headlines last week for sending a Statement of Infringement to two on-demand delivery companies,…
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2019, May
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GAFI’s Guide on the Committees for Determining Business Commencement
On 15 May 2019, the General Authority for Investment and Free Zones (“GAFI”) published its Decision No. 525 of 2019…
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