Riad & Riad represents the Italian energy group Eni in the significant deal reached with Spanish gas firm Naturgy and Egyptian partners to resolve disputes over Damietta liquefaction plant in Egypt. The agreements reached pave the way for the restart of the Damietta plant as stated by Eni in a statement on 1 December 2020
On 19 October 2020, the Unified Tax Procedures Law No. 206 of 2020 (the “Law”) was issued to introduce unified tax procedures or assessment and collection of the direct and indirect taxes. The Law also establishes the legal basis for the transformation to the new tax e-system and aligns with the current dynamic digital economy.
The Prime Ministerial issued Decree 2592 of 2020 (“Decree”) to prohibit all governmental entities and state-owned companies from concluding any contract with a foreign investor or agreeing to arbitrate without first referring the matter to the Higher Authority for Studying and Opining on International Arbitration Cases (“Authority”).
يعلن مكتب رياض ورياض للمحاماة والاستشارات القانونية عن حاجته لمحامِ مقيد أمام محاكم الاستئناف.
On the 1st of October 2020, the General Authority for Foreign Investment in Egypt (“GAFI”) issued important rules adopting new “points-based” system for the issuance of residence permits for foreign investors (for up to five continuous years).