RR NEWSLETTER ISSUE 27

October 22, 2022
Legal Updates1 Energy Egypt – Rules for EV Charging Stations are Released Legal Framework of Hydrogen Energy in Egypt – Opportunities and Challenges Construction Decennial Liability Insurance – New Rules in Egypt Ta...

Mohamed Riad and Fatma Salah are Recognized in IFLR1000

October 22, 2022
Congratulations to our partners Mohamed Riad and Dr. Fatma Salah for being recognized in the 2022 edition of IFLR1000 as “Highly Regarded” and “Notable Practitioner” respectively. Riad & Riad is ranked as a “Rec...

Temporary Real Estate Tax Exemption for Industrial Projects

October 22, 2022
In an endeavor to encourage the localization of the industry, the Cabinet issues new decree granting industrial projects in certain sectors a three-year exemption from the real estate tax imposed by virtue of the Re...

Egypt – Rules for EV Charging Stations are Released

October 22, 2022
The Egyptian Electric Utility & Consumer Protection Regulatory Agency (“Egypt ERA”) issued the rules (“Rules”) governing the operation of electric vehicles (“EV”) charging stations. The Rules applies on EV charg...

VAT Trends – Exported Services and the Zero-Rating Rule

October 20, 2022
VAT is regulated in Egypt by virtue of Law No. 67 of 2016 (“VAT Law”) and its Executive Regulation No. 66 of 2017. According to Article 3 of the VAT Law, exported goods and services are subject to VAT at zero (0) ra...

Fatma Salah is Appointed as Delegate to the ICC Commission on Arbitration and ADR

October 19, 2022
We are delighted that our partner Dr. Fatma Salah has been appointed as a delegate to the ICC Commission on Arbitration and ADR. The Commission is mandated “to gather expertise on arbitration and ADR across the ICC...

New Rules for Allocation of Industrial Land with Installed Utilities

October 16, 2022
In an effort to expand local manufacturing, the Egyptian Cabinet issued Decree No. 3308 of 2022 facilitating the allocation process and pricing mechanism of industrial land with installed Utilities (“Decree”). The D...

Decennial Liability Insurance – New Rules in Egypt

October 16, 2022
What is Decennial Liability? The Egyptian legislator adopted the concept of decennial liability. It is a ten years liability imposed on contractors and architects/engineer, jointly and severally for: any total or pa...

R&R is appointed as the Legal Counsel for the KfW/EU-financed project “Energy Efficiency in Public Universities”

September 20, 2022
Our partner Dr. Fatma Salah is selected as the local legal expert to support GOPA Infra GmbH, the winning bidder, in the  KfW/EU-financed project “Energy Efficiency in Public Universities". The project will identify...

New Rules for Developing Off-plan Properties in Egypt

August 17, 2022
The Prime Minister has recently issued the Decree No. 2184 of 2022 (“Decree”) implementing new rules to govern real estate developers and the sale of off-plan properties. The Decree creates greater protections for b...

RR NEWSLETTER ISSUE 26

August 17, 2022
Legal Updates1 Real Estate New Rules for Developing Off-plan Properties in Egypt Projects and Infrastructure Egypt Announces Prequalification for Desalination Projects Energy Legal Framework of Hydrogen in Egypt – O...

Riad & Riad Advises on the First Light Railway Transit (LRT) in Egypt

August 14, 2022
Riad & Riad is having the honor and the pleasure to be part of this strategic project by advising the consortium of China Railway Engineering Corporation (CREC) and AVIC International Holding Corporation (C...

Egypt Announces Prequalification for Desalination Projects

August 14, 2022
In light of the Egypt’s plan toward encouraging the participation of the private sector in developing seawater desalination projects (“Projects”), the Sovereign Fund of Egypt ("SFE") announced the desalination progr...

RR NEWSLETTER ISSUE 25

June 19, 2022
Legal Updates1 Energy Legal Framework of Hydrogen in Egypt – Opportunities and ChallengesEgypt – Cabinet Confirms that Green Hydrogen and Green Ammonia Projects can benefit from Tax Incentives under the Investment L...

Egypt – Cabinet Confirms that Green Hydrogen and Green Ammonia Projects can benefit from Tax Incentives under the Investment Law

June 19, 2022
The Prime Minister announced that companies operating in the following green energy project will benefit from the tax incentives stipulated under the Investment Law No. 72 for 2017: The production, storage and expor...

Dr. Fatma Salah selected as Vice Chairman of the Economic Legislation Committee at the EBA

June 18, 2022
We are pleased that our partner, Dr. Fatma Salah has been selected as the Vice Chairman of the Economic Legislation Committee at the Egyptian Business Association (EBA). The EBA is a reputable and trusted pressure g...

Egypt Regulates the Enforcement of Startups Share Transfer under Convertible Instruments

June 18, 2022
The Egyptian Financial Regulatory Authority (FRA) issued Decree 68 for 2022 to amend the Rules of Trading of Unlisted Shares issued by virtue of Decree 94 for 2018 (the “Rules”). The amended Rules allowed Misr for C...

Legal Framework of Hydrogen Energy in Egypt – Opportunities and Challenges

June 16, 2022
Introduction Egypt adopted an ambitious energy diversification strategy. The strategy aims at ensuring the continuous security and stability of power supply, the diversification of energy resources and the optimum e...

New Circular Confirms the Obligation to Pay Contribution of 1% of Net Profit to the Vocational Training Fund

June 7, 2022
On 18 May 2022, the General Secretary of the Vocational Training Fund (“Fund”) issued a circular confirming the obligation on employers to pay a contribution of 1% of their annual net profit to the Fund (“Contributi...

RR NEWSLETTER ISSUE 24

March 19, 2022
Legal Updates1 Energy New Merger Fee Imposed on Renewable Plants in Egypt Fintech New FinTech Law in Non-Banking Financial Activities in Egypt Hospitality New Law for Hotels and Tourism Establishments Aviation Minis...

Favorable Court Judgement in a Dispute against a Senior Executive

March 15, 2022
Riad & Riad scored a favorable court judgments for a leading UK textile and fabrics company in a dispute against a senior executive director. The Court of First Instance and the Court of Appeal decided that a bo...

R&R Ranked in Chamber Global 2022

March 15, 2022
We are pleased to announce that Riad & Riad got ranked by Chambers Global 2022 in Corporate/M&A for work undertaken in 2020/2021. We are also very pleased that our Partner Dr. Fatma Salah  has been ranked fo...

R&R Scored a Victory Nullifying an Arbitration Award in a Collective Labor Dispute

March 12, 2022
Riad & Riad has successfully represented a multinational aviation company in a long dispute against the Labor Union of Air-Transport in Egypt. The High Court of Cassation in Egypt has issued its judgment decidin...

New FinTech Law in Non-Banking Financial Activities in Egypt

March 10, 2022
On 8 February 2022, Law No. 5 of 2022 Regulating the Development and Use of Financial Technology in the Non-Banking Financial Activities (the “FinTech Law” or the “Law”) was issued. The Law came into effect the next...