Introduction of Pre-Merger Clearance Regime: Antitrust Update
In the hope of reaching an agreement on the new amendments to the Egyptian Competition Law, the Egyptian Parliament’s House Economic Affairs Committee continued its debates over the proposed amendments to the Egyptian Competition Law this week. These amendments aim at changing the current post-merger notification regime to a pre-merger clearance regime (the “Proposed Amendments”). […]
read moreNew Decree Regarding Collective Labor Negotiations
On 18 April 2022, the Ministry of Manpower issued decree No. 50 for 2022 (the “Decree”) regulating collective negotiations in many aspects, including its levels, topics, and procedures. Workers have a freedom of representation under Egyptian law. Collective labor bargaining is a right guaranteed by the law to employees. Collective negotiations in general are regulated […]
read moreCommercial Agency Law Amendments Regarding Real Estate Brokerage
Law no. 120 for 1982 (the “Law”) has been the law regulating the registration of commercial agents and intermediaries in Egypt since the 1980s. Last April the major amendments to the Law were introduced, bringing real estate brokers (“Brokers”) within the ambit of the Law. Law no. 21 for 2022 (the “New Law”) was promulgated […]
read moreFRA’s new rules and procedures for dealing in securities
In an effort to increase the attractiveness of Egyptian assets to VCs and to secure their investments in start-ups, the Financial Regulatory Authority (“FRA”) issued Decree No. 68 for 2022 on 16 March 2022 (the “Amendment”) amending FRA’s Decree No. 94 for 2018 (the “Decree”) governing the transfer of ownership of securities not listed in […]
read moreThe Court of Cassation issues an important ruling concerning the legal nature of GAFI’s ratification powers
The Egyptian Companies Law No. 159 for 1981 and its executive regulations (the “Companies Law”) along with Law No. 72 for 2017 and its executive regulations (the “Investment Law”) grants regulatory powers to the General Authority for Investment and Free Zones (“GAFI”). One of GAFI’s regulatory powers is to ratify minutes of shareholder/partner meetings of […]
read moreFurther Developments to the Legal Framework of Advertisements on Public Roads
In recent years, Egypt has been keen to update the regulations of advertisements on public roads. In 2020, the government took material steps to this effect, whereby the Public Roads Advertisements Law No. 208 for 2020 (the “Law”) was enacted to set the general requirements for advertising on public roads and the sanctions for non-compliance […]
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