New Circular Confirms the Obligation to Pay Contribution of 1% of Net Profit to the Vocational Training Fund

June 7, 2022
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...

Favorable Court Judgement in a Dispute against a Senior Executive

March 15, 2022
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...

R&R Scored a Victory Nullifying an Arbitration Award in a Collective Labor Dispute

March 12, 2022
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...

حوار مع جريدة المال حول مشروع قانون العمل الجديد

January 31, 2022
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...

Reconstitution of the National Council for Salaries – A Step towards Setting a Minimum Salary for Private Sector Employees

January 3, 2021
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...

New point-based residency system for investors

October 14, 2020
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...