Labour regulations are undergoing a major transformation. The forthcoming draft Labour Law, set to replace Labour Law No. 12/2003, introduces crucial updates aimed at streamlining employment practices and fostering a more adaptable, business-friendly landscape. These reforms signal a shift towards a modernized framework that balances economic growth with workforce development.At...
The Egyptian Competition Authority: Shaping Economic Laws and Merger Control
The Egyptian Competition Authority (ECA) serves as the main protector of fair market practices and economic efficiency in this key market. Established under Law No. 3 of 2005, the ECA is the regulatory body responsible for enforcing competition law in the country. The ECA is tasked with investigating anti-competitive behavior,...
Navigating Labor Law in Saudi Arabia: Key Amendments Explained
The Kingdom of Saudi Arabia has launched its most sweeping labor reforms. The Kingdom's latest amendments to labor laws demonstrate its dedication to modernizing workforce regulations that support its Vision 2030.These reforms impact employment contracts, employees protections, compensation structures and workplace policies. It is important for business owners, HR professionals...
Understanding the New Carbon Credit Trading Regulations in Egypt
Egypt's Financial Regulatory Authority (the “FRA”) has introduced new carbon trading regulations, marking a significant step towards environmental sustainability. These regulations establish a framework for carbon certificates trading, aiming to reduce greenhouse gas emissions and promote carbon reduction projects. The move aligns Egypt with global efforts to combat climate change...
The Dubai International Financial Centre Venture Studio Regime
The Dubai International Financial Centre (the “DIFC”) has secured its position as a global financial hub by introducing a groundbreaking initiative: the Venture Studio License. This new license, introduced in 2023, as well as the Venture Studio Regulations, issued in 2023, provide a framework for incubating and accelerating new businesses...
Data Privacy Laws in Egypt: Addressing Data Breach Incidents & Beyond
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...