ARTOC Auto is taking domestic and international legal action against Skoda after the latter suspended its supply of spare parts for six month and unilaterally canceled the agreement with the Egyptian distributor, according to Al Mal. ARTOC’s lawyer says the issue arose when the Czech company requested that ARTOC agree to allow another company to import and distribute Skoda cars in Egypt, which the Egyptian company refused.
More from Enterprise
The digital EGP won’t look different at checkout — but it will work nothing like InstaPay
Every instant payment today depends on your bank or telco.…
Granite is about to test whether Egypt’s funds still need administrators
The asset manager and blockchain builder Tarmiiz have entered the…
Egypt is fixing how deals get executed, but what pushes investors offshore runs deeper than the reforms on the table
Investment Ministry and a Senate committee are both moving to…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…