In recent years, data privacy has become a critical concern for individuals and organizations worldwide. This is no different for Egypt – Recognizing the importance of protecting personal information in the digital age, significant steps have been taken to establish a comprehensive data privacy framework. With the increasing prevalence of...
Doing Business in Egypt: A Legal and Regulatory Overview
Strategically positioned in the African continent, Egypt offers a dynamic and growing market for businesses seeking to expand their operations. To navigate the complexities of the Egyptian business landscape successfully, understanding the legal and regulatory framework is essential. This memo of advice (“Memo”) aims to provide a comprehensive overview of...
The Ultimate Guide to Becoming a Corporate Lawyer in Egypt
Corporate law is a critical aspect of the legal world, governing the formation, operation, and dissolution of companies and businesses. As the Egyptian economy continues to grow and evolve, the demand for skilled corporate lawyers increases.Egypt's economy is experiencing steady growth, creating opportunities for corporate lawyers to assist businesses with...
Corporate Law: How to Pick the Right Legal Counsel for Your Business
In the dynamic realms of corporate law, selecting the right legal counsel is not just a necessity—it's a strategic business decision that can significantly impact the success and compliance of any venture. Navigating through the intricacies of venture capital, contracts, litigation, and corporate governance requires a deep understanding of the...
In-Depth Analysis of the New CRCICA Arbitration Rules of 2024
Author: Malak Yasser In a significant development for international commercial arbitration in Egypt, the Cairo Regional Centre for International Commercial Arbitration (herein referred to as the “CRCICA” or the “Center”) has recently adopted its revised Arbitration Rules, which entered into force as of the 15th of January of 2024 (the...
Incorporation and Licenses Requirements for Non-Banking FinTech Startups
Author: Salah Mohamed Background. The Financial Regulatory Authority (“FRA”) Decree No. 268 of the Year 2023, sets out the incorporation requirements, needed license, and the minimum required capital (authorized and paid-up) for the non-banking financial services companies. In addition, the FRA Decree No. 58 of the Year 2022, also gives...
A Comprehensive Introduction to Term Sheets
Author: Fayza Mohamed For a wide range of investors such as Angel investors, Seed Investors and Venture Capitalists, term sheets are the foundational blueprints that set the stage for collaborative ventures. This article will focus on the Venture Capitalist’s term sheet and aims to touch on and briefly explain the...
Explanatory Note for a Bill Regarding the Incentives of the Green Hydrogen Projects
Author: Salah Mohamed We, at Shehata & Partners Law Firm, have gained access to the prospective explanatory note for the bill concerning the incentives for green hydrogen projects in Egypt. Please find below an English translation of such an explanatory note: The Ministry of Electricity and Renewable Energy has developed...
The Recent Amendment to Article (2) of Importer Registry Law
Author: Eman Othman On the 29th of October 2023, an amendment has been introduced with respect to the requirements for the registration of companies with the importers’ registry. In light of the above, the Egyptian official gazette has published Law No. 173 of 2023 (“the New Importer Registry Law”) which...
Prepaid Cards in Egypt
Author: Randa Shouma The Central Bank of Egypt (“CBE”) defined prepaid cards, in its Circular dated 8 May 2019 organising the Rules for Payment Services Using Prepaid Cards (the “Prepaid Cards Rules”), as electronic payment cards, where customers load funds in advance and can subsequently use them for transactions, including...