The New Law Regulating Advertisements on Public Roads
Law No. 208 for 2020 regulating advertisements on public roads was promulgated on 30 November 2020 (the “Law”). The Law repeals the previously enacted Law No. 66 for 1956 regulating advertisements, in addition to certain provisions of Law No. 84 for 1968 on public roads and the Construction Law No. 119 for 2008. The Law […]
read moreFRA Issues Comprehensive Anti-Money Laundering and Counter-Terrorism Financing Regulation
The Financial Regulatory Authority (“FRA”) issued Decree No. 2 for the year 2021 (the “Decree”) setting forth comprehensive rules concerning the monitoring and control of anti-money laundering and counter-terrorism financing (“MLTF”) for entities operating in the non-banking financial sector (the “Entities”). On 18 January 2021, the FRA issued the Decree replacing and repealing a series […]
read moreThe Executive Regulations of the New NGO Law
The long-awaited executive regulations (the “Executive Regulations”) have been issued following almost two years since the issuance of the law regulating the activities of non-governmental organizations (“NGOs”) by virtue of Law No. 149 for 2019 (the “NGO Law”), in order to shed some light on the ambiguity that has been surrounding the activities of NGOs […]
read moreAmendments to the Requirements for Private and International Schools Ownership
As part of the Egyptian Government’s ongoing efforts to attract foreign investment in different sectors, the Ministry of Education and Technical Education (“MOETE”) decided to remove the 20% cap on foreign ownership of private and international schools in Egypt (the “Schools”). These Schools will no longer face a limit on foreign ownership after the MOETE […]
read moreNew Amendments to the Legal Framework of Investment Funds, Tender Offers and Sukuks
New amendments have been introduced to the Executive Regulations (“ER”) of the Capital Markets Law issued by virtue of Law No. 95 of 1992 (“CML”). The aim of the amendments is to provide more flexibility to the Financial Regulatory Authority (“FRA”) to implement its investment policies and tackle the issues that companies face in practice. […]
read moreNew Waste-Management Law brings Egypt closer to going Green
Due to the constant global and local struggle of keeping up with the problem of waste management, the Egyptian legislator has enacted the new Waste Management Law. This is a first in Egypt. On 13 October 2020, the Law No. 202 of 2020 promulgating the new Waste Management Law (the “New Law”) was published […]
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