Egypt to Regulate Real Estate Developers’ Activity
In 2019, the House of Representatives (the “HoR”) took serious steps to enact a legislation setting up the legal framework of one of the fast-growing economic sectors in Egypt by preparing a bill regulating real estate development, construction and investment (the “Draft Bill”). It focuses on further supporting the private sector and attracting foreign and […]
read moreEgypt Anticipates a New Fintech Law to Come to Light Soon
As the global economy is rapidly becoming dependent on digital technologies, especially after the COVID-19 outbreak, and in light of the Government’s initiative to promote financial inclusion through banking and non-banking financial services, the much-anticipated fintech law (the “Draft Bill”) has been approved by Parliament on 5 January 2022 and is a few steps away […]
read moreProject Proposal for Amending Old Rent Law
The Old Rent Law had always been a controversial legislative topic, this is a result of never being able to reach a balance between both rights and obligations of landlords versus tenants. A proposed draft law is aiming to amend the old rent law by adding specific rights to the landlords concerning legal entities acting […]
read moreThe Executive Regulations of the Blood and Plasma Operations Law: Completion of the Legislative Structure of a National Project
As the national initiative for the donation of plasma takes momentum, the legal framework of the production and exportation of plasma has been further developed by the enactment of the executive regulations of the law organizing blood operations and plasma collection for the manufacture and export of their derivatives as issued by the Prime Minister’s […]
read moreMandatory ACI System Takes Effect Following Enactment of Customs Law Executive Regulations
In line with the shift towards digitalizing and modernizing public services, the much-anticipated Executive Regulations of the Customs Law have been enacted and provide the framework for an e-based customs system in Egypt. The primary goal of the new customs system is to provide a one-stop shop for customs clearances through digital platforms. This is […]
read moreSpecial Purpose Acquisition Companies
In the wake of the merger between Swvl and US Queen’s Gambit Growth Capital through a Special Purpose Acquisition Companies (“SPAC”), interest in SPACs considerably grew and caught the attention of the Egyptian government and regulators. Such interest culminated in the Financial Regulatory Authority (“The FRA”) issuing three main decrees to introduce the mechanism as […]
read more