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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
The Egyptian Electric Utility & Consumer Protection Regulatory Agency (EgyptERA) issued Decree 6/2022 announcing new incentives aiming at encouraging more solar plants under (1) the net-metering system and...
A new law No. 8 of 2022 regulating Hotels and Tourism Establishments is issued in Egypt on 6 March 2022 (“Law”). The Law cancels and replaces Law No. 1 of 1973 and it regulates the licensing and regulatory complianc...
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...
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...
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...
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...
Legal Updates1 Investment Egypt’s Investment Regulations Energy Egypt Increases the Customs Tariff on Solar Panels – Is It 5% or 2%? Banking Legal Framework of Digital Banking in Egypt Tax Capital Gain Tax and Stamp...
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...
