Search in Legal Updates :
2019, September
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Cabinet Issues Licensing Regulations for the Government’s Direct Contracting of Real Estate for Necessary Public Interest
On 28 August 2019, Cabinet Decree No. 25 of 2019 (the “Decree”)[1] was published in the Official Gazette, detailing the…
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New Social Insurance and Pensions Law Out
Last month finally witnessed the publishing of the new Social Insurance and Pensions Law No. 148 of 2019 (the “Law”)[1]…
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A New Law Governing the Egyptian Drug Authority and the Authority for Government Procurement of Medical Supplies and Technology
On 25 August 2019, Law No. 151 of 2019 (the “Law”)[1] was published in the Official Gazette, formally establishing the…
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CBE Circular on the Export and Import of Foreign Currency
As part of completing the reform procedures pertaining to foreign currency in Egypt, the Central Bank of Egypt (“CBE”) issued…
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2019, August
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The New Civil Society Law
With the President’s ratification and its publication in the Official Gazette on 19 August 2019, the new Civil Society Law…
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Amendments to the Mineral Resources Law
On 7 August 2019, a law was published amending the Mineral Resources Law of 2014 (the “Law”).[1] The amendment was…
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Economic Courts Law Amended
On 7 August 2019, the Official Gazette published Law No. 146 of 2019 amending the Economic Courts Law of 2008…
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Amendments to the Investment Law
This week the Official Gazette published Law No. 141 of 2019[1] amending some of the provisions of Investment Law No.…
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The Supreme Constitutional Court Rejects Claim of Unconstitutionality of Distribution of Profit Provisions Under Companies Law
The Official Gazette recently published the Supreme Constitutional Court’s (“SCC”) ruling[1] on the constitutionality of Articles (41) and (44) of…
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FRA Issues Interpretation on Calculation of Development Fee for Holding Companies
On 5 August 2019, the Egyptian Gazette published the Financial Regulatory Authority (“FRA”) Decision No. 90 of 2019[1] clarifying the…
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Cabinet’s Investment Disputes Committee(s) Tasked with Deciding on Manner of Implementation of Court Rulings in Privatization Cases
Approved last month and issued in the Official Gazette on 16 July 2019, Law 133 of 2019[1] grants two ministerial…
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The Establishment of an Arbitration Centre for Non-Banking Financial Disputes
On 11 July 2019, the President issued a decree (the “Decree”) to establish an arbitration centre for the settlement of…
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Deadline to Submit Financial Statements to FRA Extended to 25 August 2019
On 22 July 2019, the Board of the Financial Regulatory Authority (“FRA”) decided to extend the deadline for listed companies…
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FRA Instructs Financial Leasing Companies to Ensure that Financing is Used in the Purpose for Which It was Granted
This week, the Financial Regulatory Authority (“FRA”) published a decision on its website amending previous FRA Decision No. 7 of…
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Regulations for Microfinance Institutions to Provide Prepaid Card Payment Services on Behalf of Banks
Earlier this month, the board of the Financial Regulatory Authority (“FRA”) published its decision No. 87 of 2019 (the “Decision”)[1]…
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