Posted in News on May 11, 2020
A new law is issued in Egypt authorizing the Cabinet of Ministers to take a number of financial relief measures to mitigate the implications of COVID-19 on the most affected business sectors. The law is issued under No. 24/2020 (hereinafter the “Law”).
Posted in News on May 07, 2020
It is expected that electronic signature will be increasingly used in the awake of the COVID-19 pandemic and the resulted social distancing measures imposed by governments and implemented by the different entities.
E-signature is recognized in Egypt since 2004 with the issuance of Law No. 15/2004 on the Electronic Signature and the Establishment of the Information Technology Industry Development authority (“E-signature Law”) and its Executive Regulation issued by virtue of Communication Minister’s decree No. 109/2005 (the “Executive Regulation” or “ER”).
Posted in News on Apr 01, 2020
In the wake of the global COVID-19 outbreak, companies and employers started to consider the various legal alternatives to combat the negative economic impact of the forced closure or the reduction of their businesses. Such alternatives include – for example - collective layoff and redundancies, furloughing employees, granting obligatory annual leaves and reducing salaries.
Posted in News on Mar 23, 2020
Legal Updates
Posted in News on Mar 23, 2020
On 18 February 2020, the Egyptian Prime Minister issued Decree no. 6/2020 (the “Decree”) to grant expansions of existing projects in Egypt the same incentives as the newly established projects under the Egyptian Investment Law no. 71/2017 (the “Investment Law”).
Posted in News on Mar 18, 2020
We have been asked by a large number of companies and business owners in Egypt about the precautionary measures that can be taken inside their workplaces to contain the COVID-19 outbreak while ensuring the continuity of the work inside the company.
Posted in News on Mar 15, 2020
A new regulation was yesterday to require all companies in Egypt to disclose the ultimate beneficial owners who have actual ownership or control over the company. The regulation is issued by Ministerial Decree No. 41/2020 (“Decree”) amending the Executive Regulations of the Commercial Register Law No. 34/1976.
Posted in News on Mar 10, 2020
The Egyptian Financial Regulatory Authority issued Decision No. 1 for 2020 to amend the Rules of Listing and Delisting Securities at the Egyptian Stock Exchange issued in 2014 ("Listing Rules"). The amendment imposed new mandatory compliance requirements on companies listed at the Egyptian Stock Exchange.
Posted in News on Mar 08, 2020
A new social insurance law was issued in Egypt in August 2019 under the name of the Comprehensive Social Insurance Law No. 148/2019 (“New Law”) with an effective date in January 2020.
Posted in News on Dec 04, 2019
Legal Updates