Egypt Legal Update

Employment

Two New Decrees Implementing the New Labour Law: Regulating the Social Consultation Council and the Irregular Workers Fund

Companies & Investment

Government Issues Decree Updating Rules for the Disposal and Pricing of Industrial Land for Ownership, Lease, Usufruct, and Industrial Developer Schemes

Insurance

FRA Introduces New System for Approving Group Insurance Contracts to Stimulate the Market

Health

Amendment to the Universal Health Insurance Law to Collect 2.5 per Thousand of the Revenue of All Establishments in Egypt

Financial Markets

Decision Tightening Customer Data Verification Procedures in the Non-Banking Financial Sector

Trade

The New Executive Regulations of the Importers Register Law: Simplified Registration for Natural Persons and Companies and an Electronic Platform to Digitize Procedures

Taxes

Wide-Ranging Tax Amendment Package: Seven Laws Introduce Multiple Relief Measures and New Obligations for Taxpayers and Taxable Persons

Insurance

FRA Introduces Risk-Management Standards for Individual Insurance Policies

Quick Highlights

Quick Highlights

Miscellaneous

Court of Cassation Sets Criteria for Selecting Arbitrators and Stresses the Need to Update the Ministry of Justice’s Rosters

Financial Markets

Rules Governing Banks’ Investments in Corporate and Securitisation Bonds

Financial Markets

State Council Opinion Finds the Attachment of Public Authorities’ Funds Held by the CBE Invalid