Sultans Law is thrilled to announce that it provided DLA Piper with an Egyptian Legal Environment Report (the ‘Report’) for one of the largest power companies in the world. The Report mainly focused on the laws, supervision, and threshold for power sector entrance in Egypt, as well as, covering the following areas of law:
· The overall legal environment
· Negative list for foreign investments
· Dispute resolution (means of dispute resolution; remedy approach; litigation and arbitration procedures and enforcement of foreign awards)
· Anti-trust law
· Data security review
· Securities laws and regulations
· Anti-corruption and bribery law
· Anti-money laundering and Anti-terrorist financing law
· Construction, EPC and sub-contract laws
· Company law
· Contract law
· Civil law
· Employment law
· Tax law
· Safety, health and Environmental law
· Land law
· Foreign exchange control
· Intellectual Property law
· Custom and import Law
The Report also covered which activities need to seek governmental approvals, which are the approval agencies, what are the application procedures, how long the approval timeline might be, what kind of documents need to be submitted, etc.
Sultans Law team was led by Samer Sultan and Mohammed Abdulkuddus, Partners, and supported by Mikael Saad, Senior Associate, Mohamed Ramzy, MBA, and Ahmed Salah, Junior Associates.