The Egyptian Importer Registry Law No. 121/1982 is amended to allow companies wholly owned by non-Egyptians to obtain an importation license and carry out importation business for trading purposes freely. The law pr...
Our two-week paid Summer Internship Programme will give you a real insight into our work, people and culture. You will spend two weeks working as part of the team in one of our main departments: Corporate, Fina...
Employment and labor relationships in Egypt are regulated by the Egyptian Labor Law No. 12/2003 and relevant Decrees (the “Labor Law”). The Labor Law was promulgated on 7 April 2003 consisting of 257 Articles includ...
The Egyptian Cabinet of Ministers approved bill on incentives of projects of green hydrogen and its derivatives. Scope of Application According to the bill, the law will apply on hydrogen projects which will sign th...
Legal Updates1 Taxes Egypt’s VAT on Remote Digital Services Fintech Egypt – New Tokenization Regulations to allow contactless payments through smartphone Consumer Finance Companies to Provide Payment Services Using...
The Central Bank of Egypt (“CBE”) issued new regulations on 8 March 2023 to introduce “Tokenization” services and allow contactless payments through smartphones (the “Regulations”). Tokenization is a process of subs...
The Financial Regulatory Authority (“FRA”) issued Decree No. 61 for 2023 (“Decree”) to allow licensed consumer finance companies to provide payment services using prepaid cards on behalf of banks. The Decree authori...
The Egyptian Minister of Finance issued Decree 24 of 2023 amending the Executive Regulations of the Value Added Tax Law No. 67 of 2016 (“VAT Law”) to regulate the application of Value Added Tax (“VAT”) on imported r...
Riad & Riad continues to improve its quality rankings in the 2023 edition of the Legal 500 EMEA directory. The guide ranks us in six practice areas. We are proud that our Project and Infrastructure tea...
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...
