On 29 March 2021, the Social Insurance Authority in Egypt has issued a circular whereby the tax registration number of a company or entity will be recorded in the electronic social insurance system. Employers and co...
The digital transformation and prevalence of online technology have created new work models; the workforce is becoming mobile and employees are becoming able to do their jobs from anywhere through digital means of c...
The Egyptian Social Security Law No. 148/2019 (the “Law”) defines “work injury” as any injury caused by an accident occurred during the performance of work or resulting from it.
The new Social Insurance Law No. 148/2019 in Egypt (which came into force in January 2020) has introduced – for the first time - the concept of the Unified Social Insurance Salary and cancelled the traditional disti...
The Egyptian Data Protection Law No. 151/2020 (the “Law”) came into effect in October 2020. The executive regulation of the Law is expected to be issued by April 2021. Companies are given twelve 12-month grace perio...
In July 2015, a new law for electricity has been issued (Law no. 87 of 2015) to regulate all electricity activities with the aim of replacing the current single buyer model and establishing a fully competitive elect...
With the outbreak of the second wave of Covid-19 in Egypt, the government has issued a number of decisions and adopted certain measures to prevent the spread of virus. Banking Sector The Central Bank of Egypt (CBE)...
The National Council for Salaries (the “Council”) was first constituted in 2003 in accordance with Article (34) of the Egyptian Labor Law No. 12/2003. The Council is competent to determine the minimum salaries and t...
Riad & Riad represents the Italian energy group Eni in the significant deal reached with Spanish gas firm Naturgy and Egyptian partners to resolve disputes over Damietta liquefaction plant in Egypt. The agreements r...
Riad & Riad has successfully represented a leading multinational food manufacturing company in connection with a claim against the Egyptian Notary Public Authority for the refund of unduly collected Notarization Fee...
Introduction A new law is issued in Egypt regulating the Advertisements on Public Roads (the “Law”). The Law comes under No. 208 for 2020 and comes into effective as of 2 December 2020.
On 19 October 2020, the Unified Tax Procedures Law No. 206 of 2020 (the “Law”) was issued to introduce unified tax procedures or assessment and collection of the direct and indirect taxes. The Law also establishes t...
The Prime Ministerial issued Decree 2592 of 2020 (“Decree”) to prohibit all governmental entities and state-owned companies from concluding any contract with a foreign investor or agreeing to arbitrate without first...
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...
