On the 1st of October 2020, the General Authority for Foreign Investment in Egypt (“GAFI”) issued important rules adopting new “points-based” system for the issuance of residence permits for foreign investors (for u...
Law No. 199/2020 was issued on 30 September 2020 to amend the stamp duty and the capital gain tax on sale of shares as well as the dividends tax. The law is effective as of the 1st of October 2020.
National Food Safety Authority (“NFSA”) issued on September 2020 its Decree No. 4/2020 regarding food additives accepted for use by the food industry (the “Regulations”)
Riad & Riad has delightedly contributed to CMS Expert Guide to Hydrogen – The Promise of Hydrogen: An International Guide by authoring the Egyptian chapter.
The National Food Safety Authority (“NFSA”) issued Decree No. 6/2020 (the “Decree”) to regulate importation of food in Egypt and ensure safety and quality thereof.
The Egyptian Electricity Utility and Consumer Protection Regulatory Agency (EgyptERA) announced that it will apply a ‘merger fee’ to net-metered solar systems. The fee will be EGP 0.10-0.40/kWh on net-metered solar...
A collective bargaining agreement (“CBA”) was concluded in Egypt last June between a group of companies including Schlumberger Logelco, Dowell Schlumberger ME, MI Overseas, WesternGeco and others (the “Companies”) a...
A new law was on 13 August 2020 under no. 170/2020 deciding solidarity contribution obligation on private and public sector employees and managers to face the adverse economic consequences of pandemics and natural d...
A new law No. 151 for 2020 is issued in Egypt on 15 July 2020 to regulate Personal Data Protection (the “Data Protection Law” or the “Law”). The Law is modeled to a large extent on the EU General Data Protection Reg...
The Egyptian Minister of Interior issued Decree No. 951/2020 to impose entry visa fees on citizens of the Gulf Cooperation Council (GCC) countries (Saudi Arabia, United Arab Emirates, Kuwait, Bahrain and The Sultana...
In the light of the precautionary measures adopted by the Egyptian government to combat the spread of COVID-19 pandemic, the Egyptian Prime Minister issued Decree No.1200/2020 to allow public universities to teach t...
The Egyptian Cabinet of Ministers extended the period during which eligible investment projects can benefit from the tax reduction system under the Investment Law No. 72/2017 (“Investment Law”) from 3 years to 6 yea...
The Egyptian Minister of Interior issued Decree No. 945/2020 to exempt tourists on direct flights to touristic cities, Luxor, Sharm Elsheikh and Hurghada, from entry visa fees until the end of October 31 of 2020.
The Egyptian Cabinet has approved the Waste-to-Energy tariff at EGP 1.4/Kwh. The approval was issued by virtue of Decree no. 41 of 2019 (the "Decree"). Such tariff shall be applicable until reaching the maximum cont...
In a ‘ground-breaking’ precedential decision, the Cairo Court of Appeal in Egypt ruled that it can review an arbitral award for fundamental errors of law that amount to a violation of public policy or equity and jus...
On 28 April 2020, the Egyptian Electricity Utility and Consumer Protection regulatory Agency ("EgyptERA**") issued Decree no. 2 of 2020 (the “Decree”) setting out the new rules for net metering. This Decree is effec...
Report to the authorities If one of your employee is diagnosed with COVID-19 or exposed to someone with COVID-19, you, as the employer, or the responsible manager of the entity, is required to report the case to the...
Riad & Riad has advised and represented Haier Group, the Chinese multinational home appliances and electric company on its joint venture with Raya Group for the establishment of home appliance manufacturing project...
أصدرت منظمة العمل الدولية في شهر مايو 2020 دليل استرشادي إلى أصحاب الأعمال بشأن الوقاية من فيروس كورونا وذلك مع الاتجاه العام نحو عودة الحياة تدريجيا إلي طبيعتها مع الالتزام بالتدابير الاحترازية اللازمة لمنع انتشار...
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...
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....
