New Requirements for the Review and Risk Committees of the Listed and FRA Licensed Companies
The Financial Regulatory Authority (“FRA”) enacted to decrees aiming at increasing minority shareholders’ protection in companies under the supervision of the FRA, including companies listed on the Egyptian Stock Exchange (“EGX”). On 7 June 2020, the FRA enacted decrees numbers 91 for the year 2020 (“Frist Decree”) and 92 for the year 2020 (“Second Decree”) […]
read moreThe Long-Awaited Executive Regulations of the Media Law Are Out
On 16 February 2020, by virtue of Ministerial Decree No. 418 of 2020, the Executive Regulations (the “ER”) of Law No. 180 of 2018 regulating the press, media and the Supreme Council for Media Regulation (the “Law”) were published in the official gazette. The provisions of the ER mainly reiterate the same provisions of the […]
read moreThe New Mineral Resources Law Executive Regulations
As part of the Egyptian government ongoing effort to attract foreign investments to the mining sector in Egypt, the Mineral Resources Law’s (the “Law”) new Executive Regulations (the “Regulations”) were promulgated. The Regulations follow shortly after the recent amendments to the Law that were enacted last August. The Regulations appear to eliminate the need for […]
read moreNew FRA Regulations: A Step Forward Towards Gender Equality
Motivated by improving its ranking in the World Bank’s annual “Doing Business” report along with international attention currently drawn towards gender diversity and equality, and as part of its strategic sustainable development plan 2030, Egypt is continuously raising awareness on the importance of female contribution on both societal and professional levels. According to Egypt’s 2030 […]
read moreNew FRA Regulations: A Step Forward Towards Gender Equality
Motivated by improving its ranking in the World Bank’s annual “Doing Business” report along with international attention currently drawn towards gender diversity and equality, and as part of its strategic sustainable development plan 2030, Egypt is continuously raising awareness on the importance of female contribution on both societal and professional levels. According to Egypt’s 2030 […]
read moreChanges to the Regulation of Unlisted Companies
The General Authority for Investment and Free Zones (“GAFI”) introduced new key regulatory changes to the Egyptian Companies Law No. 159 for 1981 and its Executive Regulations (the “Companies Law”), ranging from setting out new rules for sending out general assembly invitations, to introducing rights issue rules for unlisted companies in association with the Egyptian […]
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