Joint Stock Companies To Undertake Direct Investment Activities
The Egyptian government took initiative in 2018 to boost direct investments (“DI”) as part of its general direction to develop and stimulate investment. Whereby the Capital Market Law has been amended by way of Decree No. 113 for 2018 (“Decree 113/2018”) to allow limited partnerships by shares with a minimum capital of EGP 10 million […]
read moreNew Regulations for Products’ Advertisements on Vehicles
The advertising of products and services has been recently expanding into a myriad of advertising means including showcasing advertisements on vehicles. Such means of advertisement was not regulated, which lead to the risk of advertisement of products from unknown or unlicensed sources. A new law was enacted to control and regulate this new means of […]
read moreNew rules for registering pharmaceutical companies which wish to have their products manufactured by factories registered with the Egyptian Drug Authority
With the aim to encourage the pharmaceutical industry, a strategic industry, while exercising effective control over it, the Egyptian Drug Authority (the “EDA”) has recently issued Decree No. 505 for 2021 (the “New Decree”), which sets out new conditions with regard to the registration requirements for pharmaceutical companies who have their products manufactured by means […]
read moreFRA’s Increased Control over NBFS Companies’ M&As
In an effort to protect insider information of non-banking financial services’ companies (“NBFSs”), the FRA issued Decree No. 25 for 2022 on 20 February 2022 (the “Amendment”) amending Article (8) of the FRA’s Decree No. 53 for 2018 (the “Decree”) governing NBFSs. The Decree defines NBFSs’ activities, sets forth the FRA’s mandate to supervise […]
read moreIntroduction of Pre-Merger Clearance Regime: Antitrust Update
The Egyptian Competition Authority (the “ECA”), in cooperation with the Association of Corporate Counsel and the German University in Cairo organized a workshop to share insights on the current antitrust notification regime in Egypt as well as the expected amendments to the same. The workshop was led by Dr. Mahmoud Momtaz, Chairman of the ECA, […]
read moreConsumer Protection Agency issues new Lifespan Requirement for Products
The Egyptian Consumer Protection Agency (the “CPA”) has issued new requirements affording consumers greater protections. While the CPA has actively taken measures to ensure that food products clearly provide expiry dates on their packaging, it seems fitting that other products also provide an indication of their projected lifespan. On 1 February 2022, the CPA issued […]
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