Articles

  • New point-based residency system for investors

    Posted in Articles on Oct 14, 2020

    On the 1st of October 2020, the General Authority for Foreign Investment in Egypt (“GAFI”) issued important rules adopting new “points-based” system for the issuance of residence permits for foreign investors (for up to five continuous years).

  • Amendment to Stamp Duty and the Capital Gains Tax on Sale of Shares and Dividends Tax

    Posted in Articles on Oct 14, 2020

    Law No. 199/2020 was issued on 30 September 2020 to amend the stamp duty and the capital gain tax on sale of shares as well as the dividends tax. The law is effective as of the 1st of October 2020.

  • New Rules for Food Additives

    Posted in Articles on Oct 14, 2020

    National Food Safety Authority (“NFSA”) issued on September 2020 its Decree No. 4/2020 regarding food additives accepted for use by the food industry (the “Regulations”)

  • Is Egypt Adopting a New Approach of “Furloughs” and “Involuntary Temporary Leaves”?

    Posted in Articles on Aug 19, 2020

    A collective bargaining agreement (“CBA”) was concluded in Egypt last June between a group of companies including Schlumberger Logelco, Dowell Schlumberger ME, MI Overseas, WesternGeco and others (the “Companies”) and the Trade Union for Petroleum Employees from the other side.

  • New Law in Egypt Mandating 1% Salary Tax to Contain Adverse Consequences of COVID-19

    Posted in Articles on Aug 19, 2020

    A new law was on 13 August 2020 under no. 170/2020 deciding solidarity contribution obligation on private and public sector employees and managers to face the adverse economic consequences of pandemics and natural disasters including COVID-19 (the “Law”).

  • Egypt New Personal Data Protection Law

    Posted in Articles on Jul 18, 2020

    A new law No. 151 for 2020 is issued in Egypt on 15 July 2020 to regulate Personal Data Protection (the “Data Protection Law” or the “Law”). The Law is modeled to a large extent on the EU General Data Protection Regulation (GDPR).

  • Egypt Court Annuls Award against Libya on the Substantive Ground of Fundamental Error of Law

    Posted in Articles on Jun 17, 2020

    In a ‘ground-breaking’ precedential decision, the Cairo Court of Appeal in Egypt ruled that it can review an arbitral award for fundamental errors of law that amount to a violation of public policy or equity and justice notions.

  • Branded Residence in Egypt | Legal Framework

    Posted in Articles on Mar 02, 2020

    Content

    1. Introduction
    2. Does Branded Residence Fall into the Hospitality Class?
    3. Common Property (Strata) Title Under Egyptian Law
      • Occupant Union>/li>
    4. Branded Residence Legal Documentation
      • How to preserve the Operator’s right to operate and manage the Units
      • How to maintain control over shared facilities
      • How to deal with multiple participants in the rental pool structure
      • How to preserve the branded unit in the rental pool
      • Protection of the brand
      • Loss of brand and the right of termination and exit

  • Employee Rights on Business Transfers

    Posted in Articles, News on Nov 26, 2019

    partner, Dr. Eman Riad, published an article with Al-Borsa Newspaper regarding the transfer of undertakings and its consequences on the employees under the Egyptian Labor Law.

  • New Law on the Egyptian Drug Authority and the Unified Medical Procurement System

    Posted in Articles, News on Nov 20, 2019

    On 25 August 2019, Law No. 151 of 2019 was issued for the establishment and regulation of two new public authorities in the pharmaceutical sector, namely, the Egyptian Drug Authority ("EDA") and the Egyptian Authority for Unified Procurement, Medical Supply and Technology Management ("AUPP").