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...
Picture of the awarded blocks in the bid round 2021 is available at Egyptian Upstream Gateway.

R&R Advises ENAP Sipetrol in relation to the Concession of West Amer Block in Gulf of Suez

March 9, 2022
Riad & Riad is appointed by Chile’s ENAP Sipetrol to advise it in relation to awarded concession of West Amer Block in Gulf of Suez, Egypt. The Ministry of Petroleum and Mineral Resources announced on 3 January...

Minister of Civil Aviation Decree to Provide Advance Passengers Information

February 9, 2022
The Minister of Civil Aviation has issued Decree 1083/2021 regulating the obligation of airline companies to provide Advance Passengers Information (“API”). The Decree wa...

New Merger Fee Imposed on Renewable Plants in Egypt

February 8, 2022
Renewable power generation plants with a capacity of more than 500 kW will be subject to a new grid merger fee in Egypt. The Egyptian Electric Utility & Consumer Protection Regulatory Agency (EgyptERA) issued Ci...

Consumer Protection – Requirement to Disclose Products Lifespan

February 7, 2022
The Egyptian Consumer Protection Agency ("CPA") issued Decree No. 4/1 for 2021 (“Decree”) to oblige manufacturers, distributors and suppliers of any product to disclose its expected lifespan to the consumers. We bel...

حوار مع جريدة المال حول مشروع قانون العمل الجديد

January 31, 2022
أجرت الدكتورة إيمان رياض الشريك بالمكتب حوار مع جريدة المال حول مشروع قانون العمل الجديد الجارى حاليًا مناقشته أمام مجلس الشيوخ. وقد اوضحت د/ إيمان خلال الحوار الايجابيات والسلبيات التى اتى بها مشروع القانون وك...

Capital Gain Tax and Stamp Tax on Trading Securities

January 30, 2022
In 2014, the Egyptian Income Tax Law No. 91 for 2005 (“Income Tax Law”) was amended to apply capital gain tax (“CGT”) on the gains realized from the disposal of shares. The tax rate differs depending on the shares b...

Regulating Advertisement of Medical Products and Services

January 30, 2022
According to the Medical Advertisement Law No. 206/2017 (the “Law”), any promotion or advertising of a healthcare product or service has to be pre-approved and licensed by a special committee to be established by th...

Egypt Increases the Customs Tariff on Solar Panels – Is It 5% or 2%

January 30, 2022
According to Article 5 of Decree No. 419 of 2018 regulating Customs Tariff (“Customs Tariff Decree”), renewable energy machines and equipment (solar and wind) are subject to a flat rate of 2% or the regular customs...

Speaking at 11th World Litigation Forum – Recent Developments in Transnational Litigation

January 24, 2022
Our partner Dr. Fatma Salah was invited to speak at the 11th World Litigation Forum that took place in Dubai on the 19th and 20th of  January. She joined an esteemed panel of international experts to...

Favorable Arbitral Award for a Multinational Construction Company

December 19, 2021
Tribunal decided unanimously the inarbitrability of construction social insurance disputes and dismissed the claim Riad & Riad scored a victory defending one of the international construction cong...

Legal Framework of Digital Banking in Egypt

November 14, 2021
What is a Digital Bank? A digital bank is a bank with technology-enabled business model which provide its services remotely with limited or no branch infrastructure. Alternative terms used by market participants are...

Egypt Makes Covid-19 Vaccine Mandatory

October 10, 2021
The Egyptian Council of Ministers issued an official circular (the “Circular”) this week ordering all the ministries in Egypt to issue a regulatory decision to prevent their workers from entering workplaces unless t...

The New E-Invoice System in Egypt

September 26, 2021
Introduction As part of Egypt’s digital transformation, the Minister of Finance issued Decree no. 188/2020 in March 2020 to require VAT taxpayers to issue e-invoices. This Decree has delegated the Chairman of the Eg...

New Customs Law in Egypt: the Advance Cargo Information System

September 26, 2021
Introduction In implementation of the Customs Law no. 207 of 2020 and its executive regulations issued by Decree no. 430 of 2021, the Egyptian Customs Authority started the implementation of a new system for customs...

Payment of Salaries and the New Law Regulating “Non-cash Payment Methods” in Egypt

September 14, 2021
State authorities and public sector entities are required - by virtue of Law No. 18/2019 regulating Non-cash Payment Methods  (the “Law”) - to execute payments of their employees, board members, service provide...

New Decree on Minimum Salary and Annual Increment

September 13, 2021
The Egyptian Minister of Planning and Industrial Development issued the long debated decree to set the minimum salary for private sector in Egypt. According to the decree the minimum salary of private sector employe...

The Suez Canal Blockage – Liability Issues under Egyptian Law

April 1, 2021
The Suez Canal Authority (SCA) announced last week the successful floating of the ultra-large Ever Given ship which blocked the Suez Canal and led to the suspension of the navigation in a key artery for global trade...

New measures to link Social Insurance with Payroll Tax in Egypt

March 30, 2021
On 29 March 2021, the Social Insurance Authority in Egypt has issued a circular whereby the tax registration number of a company or entity will be recorded in the electronic social insurance system. Employers and co...

Work Injury and Death Claims Due to Covid-19 in Egypt

March 16, 2021
The Egyptian Social Security Law No. 148/2019 (the “Law”) defines “work injury” as any injury caused by an accident occurred during the performance of work or resulting from it.
Egypt social insurance

New Increase in the Social Insurance Salary in Egypt

March 16, 2021
The new Social Insurance Law No. 148/2019 in Egypt (which came into force in January 2020) has introduced – for the first time - the concept of the Unified Social Insurance Salary and cancelled the traditional disti...

Egypt’s Personal Data Protection Law – An Employment & HR Perspective

February 28, 2021
The Egyptian Data Protection Law No. 151/2020 (the “Law”) came into effect in October 2020. The executive regulation of the Law is expected to be issued by April 2021. Companies are given twelve 12-month grace perio...