FiT Program – Round II

February 21, 2017
The Feed-in-Tariff Unit at the Egyptian Electricity Transmission Company (EETC) invited qualified developers of PV and wind projects yesterday, 20 February 2017, to discuss and coordinate for Round II of the FiT pro...

تعديل أحكام قانون إنشاء لجان التوفيق في المنازعات

February 16, 2017
أصدر مجلس الشعب بتاريخ بتاريخ 5 فبراير 2016 القانون رقم 6 لسنة 2017 بشأن تعديل مواد القانون رقم 7 لسنة 2000 والصادر بإنشاء لجان التوفيق في المنازعات التي تكون الوزارات والأشخاص الاعتبارية العامة طرفًا فيها.

January 2017 Newsletter

January 25, 2017
Legal Updates and Riad and Riad news.

Riad and Riad Participates in the Discussion of the New Draft Labor Law

January 24, 2017
A draft new law on labor and employment is under discussion by the Government to replace the current Labor Law no. 12 for 2003.

Harsher Penalties for Using Foreign Currency in Local Dealings

January 24, 2017
Article (126) of the Central Bank and Banking Sectors Law no. 88/2003 (Banking Law) was amended to impose harsher penalties for violations of the requirement to deal in EGP locally.

Amendment to the Tenders and Bids Law

January 24, 2017
In response to price increases resulted from free floating the Egyptian currency last November, the Minister of Finance issued Decree No. 426 of 2016 to amend the Executive Regulation of the Tenders and Bids Law.

The Establishment of the National Food Safety Authority

January 24, 2017
The first law issued by the Parliament in 2017 is a long-waited one establishing a central regulatory authority to be responsible for food safety, it is the National Food Safety Authority (NFSA).

Rules of Free Allocation of Industrial Land Plots in Upper Egypt

January 23, 2017
On 5 January 2017, the Prime Minister issued decree no. 42 of 2017 determining the technical and financial requirements that must be met by a qualified investor to receive free industrial lands in Upper Egypt.

New Maritime Transportation Regulations

January 23, 2017
On December 14, 2016, the Minister of Transportation issued Decree No. 800 of 2016 regulating maritime transportation-related works and the applicable fees. Such Decree replaces Decrees No. 180, 73, 332, 520 and 521...

Riad and Riad Opines on the New Draft Investment Law

January 22, 2017
The Egyptian government is working on a draft new investment law. The draft law is said to aim to bolster investor confidence, eliminate bureaucracy, ease the licensing procedures and attract foreign investment.

New Media and Press Law

January 22, 2017
On December 24, 2016, Law No. 92 of 2016 was issued for the Institutional Regulation of Press and Media. The Law cancels the Radio and Television Union Law No. 13 of 1979 and chapter four of the Press Law No. 96 of...

Establishment of the Supreme Council of Investment

January 22, 2017
On 16 October 2016, the Presidential Decree no. 478 of 2016 was issued to establish the Supreme Council of Investment.

Riad and Riad Advises on the BOO 200 MW PV Power Project in WEST Nile

January 21, 2017
R&R has been recently appointed to advise and represent one of the bidders in the tender for a 200MW BOO (build-own-operate) PV plant project at West of Nile. The project will be located in the West Nile region of E...

Adjustment of Foreign Currency Prices for Tax Purposes

January 21, 2017
On 22 December 2016, the Minister of Finance issued Decree No. 418 of 2016 determine the difference between the official and parallel market prices of the foreign currencies for purposes of calculating income taxes...

Release of the Executive Regulations of the Movable Collateral Law

January 20, 2017
On 15 December 2016, the Ministry of Investment passed the Executive Regulations of the Movable Collaterals Law no. 115/2015 which was passed a year ago on 15 November 2015 (Movable Collaterals Law).

Seminar on CG to the Japanese Business Community

January 19, 2017
Our partner Dr. Fatma Salah gave a seminar to the Japanese business community on the Egyptian corporate governance rules.

Commentary on the Draft Law on Development of Vehicles Industry and its Related Feeders Industries

December 21, 2016
A draft law on the Development of Vehicles Industry and its Feeders Industries (“Draft Law”) has been recently issued by the Ministry of Trade and Industry and submitted to the Egyptian House of Representatives for...

Central Bank Of Egypt Recent Decisions on Foreign Exchange

November 9, 2016
The Central Bank of Egypt (CBE) announced the liberalization of the foreign exchange market on the 3rd of November 2016. Below is a summary of main decisions taken by the CBE in this regard.

A Guide to Egypt’s VAT Law

October 23, 2016
On 29 August 2016, the Egyptian Parliament approved the long-debated Value Added Tax Law to abolish and replace the Sales Tax Law no. 11 of 1991 (the “Sales Tax Law”). The Value-Added Tax Law was issued under no. 67...

Termination of Employment Contracts Under Egyptian Law

September 18, 2016
The legal grounds for terminating the employment contracts under Egyptian law vary depending on the type of the employment contract and the circumstances surrounding the termination.

Round Two of Egypt FiT Program Announced

September 6, 2016
Round two of the feed in tariff (FiT) program has been announced by the Egyptian Minister of Electricity in a press conference Tuesday, the 6th of September 2016.

Suez Canal Special Economic Zone Legal Framework

August 24, 2016
In 9 August 2015, after three days from the inauguration of the New Suez Canal, President Abdel Fattah El-Sisi issued Decree No. 330/2015 declaring the areas adjacent to the Suez Canal as a special economic zone (th...

Termination of Safeguards Investigations against PET

August 24, 2016
Riad & Riad (R&R) advised and successfully represented a number of Chinese Exporters and the China Petroleum and Chemical Industry Federation to respond to a safeguard investigation initiated by the Egyptian Governm...

Prospective Amendment to Importer Register Law– A Major Leap towards Liberalizing the Market

August 24, 2016
The Economic Committee at the Egyptian House of Representatives has preliminarily approved the draft amendments to the Importers Register Law no. 121/1982 suggested by the Ministry of Trade and Industry, in collabor...