Egypt Legal Update

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Egypt Legal Update

The Ministry of Trade and Industry issued last week two decisions pertaining to Export Councils. The first decision organizes the legal and administrative structure of Export Councils in general while the second decision recomposes the board of directors of a number of key Councils. This

Nov-2014
Law for Adverse Possession in

At a time when the Governorate of North Sinai is witnessing a series of violent events and a precarious security situation, a recent decree pa

Nov-2014
Eviction of Cabins in Al-Monta

In mid-October, the Minister of Tourism released twelve decisions related to the eviction of cabins, chalets, and kiosks in the area of Al-Mon

Nov-2014
New Procedures for Challenging

The Prime Minister has issued a decree amending the procedures for challenging the decisions of the Egyptian Financial Supervisory Authority (

Nov-2014
New EFSA Decree on the Valuati

In line with the special focus the Egyptian Financial Supervisory Authority ("EFSA") has been giving to funds in Egypt, EFSA has issu

Nov-2014
New Rules for In-Kind Subscrip

In Egypt, Capital Market Law No. 95 of 1992 regulates investment funds, one of the main pillars of the Egyptian capital market. Investment fun

Oct-2014
A New Law Establishing Takafol

Among other laws issued relating to farmers and agriculture, a Presidential Decree-Law was issued to establish the “Takafol Agriculture Fund”

Oct-2014
Health Insurance Law for Farme

On the occasion of Farmer’s Day, 9 September 2014, Presidential Decree-Law 127 of 2014 was issued regulating the health insurance for farmers

Oct-2014
EFSA Guidelines for Financial

The Egyptian Financial Supervisory Authority ("EFSA") recently issued a decision on the preparation and review of financial statement

Oct-2014
Amendments to the Real Estate

In a development that could contribute to an increase in State revenues, a Presidential Decree-Law was issued on 17 August 2014 putting into f

Sep-2014
Amendment to the Decree Formin

On 26 June 2014, the Prime Minister issued a decree to amend the first Article of the Prime Minister’s Decree No. 1115 of 2012, as amended by

Sep-2014
Law Imposing a Temporary Surch

On 4 June 2014, the President issued a decree-law No. 44 of 2014 to temporarily impose an additional 5% tax to be levied on income greater tha

Sep-2014
New Controls for Real Estate I

The activity of Real Estate Investment Funds is an important activity throughout the world, significant for its impact on the increase in real