The House Economics Committee will discuss the executive regulations of the new Investment Act this coming Sunday, the committee’s deputy chair Amr El Goharytells Al Borsa. The committee got a special dispensation to hold the meeting from House Speaker Ali Abdel Aal, he added. We remind readers that the House’s input on the executive regulations is — to put it politely — not required.
Further down the road, the House Legislative Committee will start discussion of the long-awaited Bankruptcy Act in September, Deputy Chair Nabil El Gamal said. The bill would effectively decriminalize bankruptcy and could make it possible for companies to request time to re-structure under US “chapter 11” style bankruptcy protection.