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...
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...
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...
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...
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...
With the accelerated rise of special purpose acquisition companies (SPACs) over the past years, the Financial Regulatory Authority (FRA) in Egypt has given its green light for the establishment and licensing of SPAC...
IntroductionScope of ApplicationInvestment Law Objectives and PrinciplesInvestment GuaranteesInvestment IncentivesExpansion of Existing ProjectsCorporate Social ResponsibilityFDI Reporting RequirementsReturn of Priv...
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...
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...
Legal Updates1 Covid Updates Egypt Makes Covid-19 Vaccine Mandatory Taxes New E-Invoice System in Egypt Customs New Customs Law in Egypt: the Advance Cargo Information System Labor & Employment Payment of Salari...
