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 […]
On 19 February 2018, the Law No. 11 of 2018 for Restructuring, Bankruptcy and Bankruptcy-avoiding Settlement was issued (generally referred to as the “Bankruptcy Law”). The Law is considered one of the most important pieces of economic legislation to come out lately. It adds novel concepts and introduces a new approach to dealing with persons […]
The 16th of January 2018 saw the issuance of a broad range of amendments to Companies Law No. 159 of 1981. The amendment covers a number of significant issues, including the addition of a new form of company that the law calls the ‘one-person company’, and several other significant amendments to the rules concerning company […]
