New Financial Relief Measures in Response to COVID-19 – Egypt

May 11, 2020
A new law is issued in Egypt authorizing the Cabinet of Ministers to take a number of financial relief measures to mitigate the implications of COVID-19 on the most affected business sectors. The law is issued under...

COVID 19 – Electronic Signatures Admissibility in Egypt

May 7, 2020
It is expected that electronic signature will be increasingly used in the awake of the COVID-19 pandemic and the resulted social distancing measures imposed by governments and implemented by the different entities....

Employees Emergency Fund in Egypt and its Expected Role during ‎COVID-19 Outbreak‎

April 1, 2020
In the wake of the global COVID-19 outbreak, companies and employers started to consider the various legal alternatives to combat the negative economic impact of the forced closure or the ‎reduction of their busines...

RR NEWSLETTER ISSUE 16

March 23, 2020
Legal Updates

Investment Incentives for Expansions of Existing Project

March 23, 2020
On 18 February 2020, the Egyptian Prime Minister issued Decree no. 6/2020 (the “Decree”) to ‎grant expansions of existing projects in Egypt the same incentives as the newly established ‎projects under the Egyptian I...

COVID-19 Outbreak – Employment Law Consideration in Egypt

March 18, 2020
We have been asked by a large number of companies and business owners in Egypt about the precautionary measures that can be taken inside their workplaces to contain the COVID-19 outbreak while ensuring the continuit...

New Requirement to Disclose Ultimate Beneficial Owners

March 15, 2020
A new regulation was yesterday to require all companies in Egypt to disclose the ultimate beneficial owners who have actual ownership or control over the company. The regulation is issued by Ministerial Decree No. 4...

New Mandatory Compliance Requirement for Listed Companies in Egypt

March 10, 2020
The Egyptian Financial Regulatory Authority issued Decision No. 1 for 2020 to amend the Rules of Listing and Delisting Securities at the Egyptian Stock Exchange issued in 2014 ("Listing Rules"). The amendment impose...

Summary Note on Egypt’s New Social Insurance Law

March 8, 2020
A new social insurance law was issued in Egypt in August 2019 under the name of the Comprehensive Social Insurance Law No. 148/2019 (“New Law”) with an effective date in January 2020.

Branded Residence in Egypt | Legal Framework

March 2, 2020
Content Introduction Does Branded Residence Fall into the Hospitality Class? Common Property (Strata) Title Under Egyptian Law Occupant Union>/li> Branded Residence Legal Documentation How to preserve the Operator’s...

RR NEWSLETTER ISSUE 15

December 4, 2019
Legal Updates

R&R Co-sponsor ALB UAE InHouse Legal Summit 2019

December 4, 2019
R&R co-sponsor the ALB In-House Legal Summit on 22 October 2019 in Dubai. Our partner Dr. Fatma Salah presented a session titled “Compliance Challenges in Emerging Markets - the Role of General Counsel”. She gave he...

Employee Rights on Business Transfers

November 26, 2019
partner, Dr. Eman Riad, published an article with Al-Borsa Newspaper regarding the transfer of undertakings and its consequences on the employees under the Egyptian Labor Law.

New Law on the Egyptian Drug Authority and the Unified Medical Procurement System

November 20, 2019
On 25 August 2019, Law No. 151 of 2019 was issued for the establishment and regulation of two new public authorities in the pharmaceutical sector, namely, the Egyptian Drug Authority ("EDA") and the Egyptian Authori...

Egypt Imposes Restrictions on Foreign Ownership of Real Estate Brokerage Companies

November 1, 2019
On 13 October 2019, the Minister of Trade and Industry issued Decree No. 827 of 2019 amending the Executive Regulations of the Commercial Agency and Brokerage Law No. 120 for 1982.

RR NEWSLETTER ISSUE 14

August 28, 2019
Legal Updates

R&R advise Saudi’s FAS Energy in singing MOU with NUCA for Waste-to-Energy Station in East Cairo

August 28, 2019
R&R had the pleasure to support FAS Energy, an affiliate to Fawaz El Hokair Group, in drafting the MOU it signed with the New Urban Communities Authority (NUCA) to set up a waste-to-energy (WtE) facility in 10th of...

Approving Egypt – Cyprus Gas Pipeline Agreement

August 28, 2019
In December 2018, President Abdel Fattah El-Sisi issued the Presidential Decree no. 537 of 2018 (the “Decree”) approving the agreement entered into between Egypt and Cyprus on 19 September 2018 to establish a direct...

New Decree for Foreigners Work Permits

August 28, 2019
On 16 July 2019, a new ministerial decree no. 146 of 2019 was published in the Official Gazette regulating the procedures and requirements for granting work permits to foreigners (the "New Decree").

New Rules for Work Permit of Foreign Shareholders and Managers

August 28, 2019
In order to extract a work permit for a foreign shareholder or manager to work in an Egyptian company incorporated under the Companies Law no. 159 of 1981, certain requirements relating to the capital of the company...

Amendments to the New Investment Law

August 28, 2019
On 31 July 2019, the House of Representatives approved the first amendment to Egypt’s new Investment Law no. 72 of 2017. The amendments are introduced by virtue of Law no. 141 of 2019.

Licensing the Possession of Guns

August 28, 2019
On 14 July 2019, the Minister of Interior issued Decree no. 1300 of 2019 determining the procedures and requirements for licensing the possession of sonic, air and gas guns and their ammunitions

Establishing a Center for Settling Non-banking Financial Disputes

August 28, 2019
On 11 July 2019, a Presidential Decree no. 335 of 2019 (the “Decree”) was issued to establish a non-profit center called “the Egyptian Centre for Voluntary Arbitration and Settlement of Non-banking Financial Dispute...

Riad & Riad Advises Savills, the Global Property Experts

June 10, 2019
Riad & Riad had the honor to advise and assist the global real estate advisor, Savills, in setting up its legal presence in Egypt.