The movable guarantees law exec regulations are positive, need clarity –Sharkawy & Sarhan

Our friends at the Sharkawy & Sarhan law firm published their take on the executive regulations of the movable guarantees law that came into effect in December. They also included their notes from a meeting that included various stakeholders, as well as EFSA Chairman Sherif Samy and GAFI Chairman Mohamed Khodeir. Overall, Sharkawy & Sarhan say the executive regulations are “a very positive step to facilitate financing and hence boost businesses’ ability to grow,” but say clarification is needed particularly in regards to the ranking of creditors — an issue that could impact the law’s implementation.