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COVID 19 – Electronic Signatures Admissibility in Egypt

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It is expected that electronic signature will be increasingly used in the awake of the COVID-19 pandemic and the resulted social distancing measures imposed by governments and implemented by the different entities.
E-signature is recognized in Egypt since 2004 with the issuance of Law No. 15/2004 on the Electronic Signature and the Establishment of the Information Technology Industry Development authority (“E-signature Law”) and its Executive Regulation issued by virtue of Communication Minister’s decree No. 109/2005 (the “Executive Regulation” or “ER”).

Employees Emergency Fund in Egypt and its Expected Role during ‎COVID-19 Outbreak‎

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In the wake of the global COVID-19 outbreak, companies and employers started to consider the various legal alternatives to combat the negative economic impact of the forced closure or the ‎reduction of their businesses. Such alternatives include – for example – collective layoff and ‎redundancies, furloughing employees, granting obligatory annual leaves and reducing salaries.

Investment Incentives for Expansions of Existing Project

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On 18 February 2020, the Egyptian Prime Minister issued Decree no. 6/2020 (the “Decree”) to ‎grant expansions of existing projects in Egypt the same incentives as the newly established ‎projects under the Egyptian Investment Law no. 71/2017 (the “Investment Law”).‎

New Requirement to Disclose Ultimate Beneficial Owners

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A new regulation was yesterday to require all companies in Egypt to disclose the ultimate beneficial owners who have actual ownership or control over the company. The regulation is issued by Ministerial Decree No. 41/2020 (“Decree”) amending the Executive Regulations of the Commercial Register Law No. 34/1976.

New Mandatory Compliance Requirement for Listed Companies in Egypt

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The Egyptian Financial Regulatory Authority issued Decision No. 1 for 2020 to amend the Rules of Listing and Delisting Securities at the Egyptian Stock Exchange issued in 2014 (“Listing Rules”). The amendment imposed new mandatory compliance requirements on companies listed at the Egyptian Stock Exchange.

Branded Residence in Egypt | Legal Framework

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Content

  1. Introduction
  2. Does Branded Residence Fall into the Hospitality Class?
  3. Common Property (Strata) Title Under Egyptian Law

    • Occupant Union>/li>
  4. Branded Residence Legal Documentation
    • How to preserve the Operator’s right to operate and manage the Units
    • How to maintain control over shared facilities
    • How to deal with multiple participants in the rental pool structure
    • How to preserve the branded unit in the rental pool
    • Protection of the brand
    • Loss of brand and the right of termination and exit

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