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...
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...