Termination of Contracts with the Egyptian State: What impact does the Prime Ministerial Decree No. 3218/2022 have on foreign investors?

27 April 2023 - Dr. Christian Ule

In September 2022, the Egyptian Prime Minister issued Decree No. 3218 (hereinafter referred to as the “Decree”), which reformed the powers of state-owned companies and government entities to terminate contracts containing an international arbitration clause.  To begin with, Egyptian law had previously established the Supreme Authority for Arbitration and International Disputes, (hereinafter referred to as …

Basic regulations on the acquisition of real estate in Egypt

30 March 2022 - Dr. Christian Ule

1. Basic regulations on the acquisition of real estate in Egypt  The transfer of ownership of real estate is not uniformly regulated in Egypt.  a) The acquisition of real estate in the urban area of Cairo  In older districts, such as Maadi, Downtown or Zamalek, a buyer – after concluding the purchase contract – also …