ADSERO – Ragy Soliman & Partners is pleased to announce that it has advised the sellers of Cairo West for Medical Services (owner of El Nada Hospital - Sheikh Zayed) a major healthcare provider in Egypt, in the successful sale of the majority of its shares to Al Ahly Capital Holding, the investment arm of the National Bank of Egypt, in an […]
On July 13, 2020, Egypt has issued a new law focusing on the development of small, medium and micro enterprises (SMMEs) (the “SMMEs Law”). The SMMEs Law regulates and incentivizes SMMEs through a variety of tax and non-tax incentives. The SMMEs Law also attempts to bring in the informal sector of the economy under its […]
The Waste Management law no. 202 of 2020 (the “Law”) was issued on October 13, 2020 and entered into force on October 14, 2020. The Law addresses waste generation and processing with the intent to promote waste recycling and reuse. It focuses on the integrated management of municipal, industrial, agricultural, demolition and construction waste as […]
Highlights On 06 July 2020 and by virtue of law No. 143 of 2020, a significant amendment was introduced to the Central Depositary Law No.93 of 2000 (the “Amended Central Depositary Law”) whereby a more lenient approach was introduced in relation to the procedures of enforcement of pledges over Egyptian centrally deposited securities and financial […]
Highlights Recent Law No.191 of 2020 dated 5th of September 2020 (“the Law”) establishes a new rule of law concerning the jurisdiction of courts of first instance, and more precisely it modifies the value criteria that divides the jurisdiction between different courts of first instance: the primary courts and the district courts. It is worth mentioning that […]
On 28 July 2020, the Egyptian Tax Authority (“ETA”) issued the decree no. 386 of 2020 (the “Decree”) in application of the Ministry of Finance decree no. 188 of 2020, obliging a number of companies listed under the Decree and VAT registered companies to issue e-invoices with regards to sold goods and services as of […]
The Egyptian Ministry of Petroleum and Natural Resources and the Egyptian Mineral Resources Authority (“EMRA”) launched the first international bid round in mid-March 2020 for the exploration of gold and related minerals. The round was expected to close on 15 July 2020, but given the impact of COVID-19, the bid currently extends to 15 September […]
The cybercrimes law no. 175/2018 (the “Law”) has been issued on 14 August 2018 and enacted on 15 August 2018. The Law stipulated that its executive regulations will be issued within three months from the date of issuance of the Law. After more than two years, and on 27 August, 2020, the Prime Minister has […]
Highlights The Law No. 173 of 2020 was issued on 16 August 2020 regarding the tax waiver in relation to interest on late payment, additional tax and related non-criminal financial penalties (the “New Law”). The New Law also renews the effectiveness of the Tax Disputes Settlement Law No. 79 of 2016 and highlights the continuity […]
Egypt Law No. 10/2003 on Telecommunications Regulatory Law is the main law regulating all matters relating to telecommunications. Egypt Law No. 10/2003 was published in the Official Gazette on 4 February 2003, coming into effect on the following day (i.e., 5 February 2003). Egypt Law No. 10/2003 and all the related regulations have a significant […]
Highlights On 28 July 2020, the Egyptian Tax Authority (“ETA”) issued the decree no. 386 of 2020 (the “Decree”) in application of the Ministry of Finance decree no. 188 of 2020, obliging a number of companies listed under the Decree and VAT registered companies to issue e-invoices with regards to sold goods and services as […]
The long anticipated Egyptian Personal Data Protection Law No. 151/2020 was issued on 15 July 2020 (the “Law”). Since the issuance of the draft law in February 2019, extensive engagement and discussions have taken place between Parliament, Government and key stakeholders in the technology and telecommunication industry aiming to attract investment and to provide strong […]
The long anticipated Egyptian Personal Data Protection Law No. 151/2020 was issued on 15 July 2020 (the “Law”). The Government has submitted the draft law back in February 2019 and extensive engagement, discussions and negotiations have since taken place between Parliament, Government and key stakeholders in the technology and telecommunications industry. The engagement and discussions aimed to attract investment […]
The long anticipated Egyptian Personal Data Protection Law has finally been issued on 15 July 2020 by law No. 151/2020 (the “Law”). The Government has submitted the draft law back in February 2019 and ever since, extensive engagement, discussions and negotiations have taken place between the Parliament, the Government and key stakeholders in the technology […]
