The global pandemic (COVID-19) is having a severe impact on commercial activities all over the world. This is leading governments to take stringent measures to address the virus’s effects on public health and the global economy. Force majeure is a legal recourse for parties to a contract who are unable to fulfill their obligations due […]

During a televised press conference held yesterday afternoon, the Egyptian Prime Minister Mostafa Madbouly announced that several new measures will be instituted to combat thecoronavirus outbreak in Egypt. These measures will be in place for an additional two weeks to the period previously announced. Suspension of Government Services All non-essential government services, with the exception of a […]

The latest Egyptian government decisions to protect the country from the spread of the coronavirus have had an unprecedented economic impact on commercial enterprises. Due to the reduction in business hours and the ensuing loss of profits, many businesses may no longer have a need for all of their employees, or they may be financially […]

30% Tax Break for Late Tax Filers Egypt issued Tax Disputes Law No. 16/2020 allowing late tax filers who have reached an agreement to the Tax Authority to be exempted from the payment of 30% of the applicable late fees. Virtual BOD Meetings, EGMs and OGMs To reduce the spread of the coronavirus, the General […]

New Draft Customs Law in Egypt A new customs law has been proposed by the Egyptian Parliament that could potentially repeal Customs Law No.66/1963. If passed, it will centralize customs monitoring, procedures, taxation, fees collection, and enforcement within the Customs Authority; minimizing bureaucracy. Another important development is that the Customs Authority would analyze goods for […]