Riad & Riad has, once again, been recognized by Chambers and Partners in its Global 2023 guide for Project & Energy as well as the Commercial Contracts and Venture Capital in Egypt. Congratulations to partne...
Riyadh, Saudi Arabia: Fintech Buddy Saudi Arabia, a one-stop shop platform that provides professional services for startups and foreign companies (sponsored by The Law Firm of Nasreen Alissa), signed a Memorandum of...
Legal Updates1 Corporate - Merger Control Egypt Adopts New Pre-Closing Merger Control Regime Energy New Regulations for Solar PV Self-Consumption Projects – Egypt Egypt – Rules for EV Charging Stations are Released...
Riad & Riad scored a favourable court judgment for a leading airline company in a dispute against its chief financial officer (CFO). The judgment was issued by the Egyptian Court of Cassation setting out a numbe...
The Egyptian Electric Utility & Consumer Protection Regulatory Agency (EgyptERA) issued Circular No. 3 for 2023 to regulate the licensing procedures and requirements for solar self-consumption plants (“Regulatio...
Minimum Salary for 2023 The Egyptian National Council for Salaries (“Council") chaired by the Minister of Planning and Economic Development has decided to increase the minimum salary for private sector employees fro...
Egypt amended its Protection of Competition and Prohibition of Monopolistic Practices Law No. 3 of 2005 (“Competition Law”) on 29 December 2022. The amending law No. 175 of 2022 (“Amendment Law”) introduced the long...
The Egyptian Parliament held several discussion meetings on the draft labor law (“Draft Law”) expected to be issued during 2023. The meetings were attended by all stakeholders including representatives from business...
Riad & Riad is thrilled to succeed in closing a settlement arrangement between one of the leading energy companies in the Middle East and a major state-owned Chinese EPC contractor. The parties had a Euro 40 mil...
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...
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...
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...
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 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...
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...
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...
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...
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...
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...
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 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...
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...
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...
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...
