Egypt’s new Personal Data Protection Act
On July 13, 2020, Egypt’s first comprehensive Personal Data Protection Act (“PDPA”) was signed into Law under No. 151 for the year 2020. Based on the European Union’s General Data Protection Regulation (GDPR), the PDPA is the first Egyptian law to govern data privacy and protection across all business sectors (except for the banking and […]
read moreThe New Consumer Finance Law
The much-anticipated Consumer Finance Law has been finally approved by Parliament on 24 February 2020 and was published in the Official Gazette as Law No. 18 for the year 2020 (the “Law”) on 17 March 2020. The Law entered into force as of 18 March 2020. The enactment of the Law is a positive step […]
read moreThe FRA’s precautionary measures in response to Covid-19
The Financial Regulatory Authority (the “FRA”) has recently implemented several measures in order to mitigate the Covid-19 impact, and has consolidated them in a statement released by the FRA in March 2020 (the “Statement”). These measures mainly concern the following non-banking financial markets (the “Measures”): The capital market; The insurance market; The mortgage finance, leasing […]
read moreNew Amendments to the VAT Law’s Executive Regulations
As part of Egypt’s tax system reform, the Official Gazette published on November 27th, 2019 two recent decrees of the Minister of Finance Nos. 780 (the “First Decree”) and 779 (the “Second Decree”) (together the “Decrees”) of 2019 – to enter into force as of November 28th, 2019 – amending the Executive Regulations No. 66 […]
read moreAre Emails and E-Signatures accepted under Egyptian Law as means of evidence?
In light of the increasing reliance on technology by businesses due to the COVID-19 pandemic, it is highly fitting that the amended Executive Regulations of the Law concerning Electronic Signatures and establishing the Information Technology Industry Development Agency (“ITIDA”) were very recently promulgated (the “Regulations”). This comes at a time when minimal human interaction measures […]
read moreEmployment and Protection of Irregular Workers
The Ministry of Manpower (“MoM”) issued its decree no. 162 for the year 2019 (the “New Decree”), supplementing its previous decree no. 329 for the year 2015 (the “Old Decree”) (collectively referred to as the “Decrees”), both of which regulate the employment and protection of irregular workers in Egypt. The New Decree merely emphasizes the […]
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