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 …

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

A new law aims to facilitate and speed up the registration process  The registration of real estate is necessary from the outset in order to ensure the validity of the title to the property and to ensure its enforceability against third parties1. However, according to the Minister of Justice of Egypt, more than 90% of …

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I. What you should know about arbitration in the Middle East and North Africa: It is every entrepreneur’s nightmare when quarrels with a business partner end up in court. The risk of this happening is greater when there is a clash of very different business cultures, and even more so in a volatile economic and political …

Continue reading “Arbitration in the Middle East and North Africa. Is it possible?”

I. Change lies in trade  With 30.2 million km², around 1.3 billion inhabitants, and a total of 55 countries, Africa is the second largest continent in the world after Asia. Over 50 % of Africa’s population is under 20 years old1; by 2050, one in four new-borns is expected to come from Africa.2 The continent is …

Continue reading “The African Continental Free Trade Area (AfCFTA) – Game Changer for Egypt? “