{"id":568146,"date":"2020-12-20T04:15:26","date_gmt":"2020-12-20T04:15:26","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/20\/send-in-the-lawyers\/"},"modified":"2020-12-20T04:15:26","modified_gmt":"2020-12-20T04:15:26","slug":"send-in-the-lawyers","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/20\/send-in-the-lawyers\/","title":{"rendered":"Send in the lawyers"},"content":{"rendered":"<p><strong>A new arbitration center to settle non-banking finance related disputes will be up <\/strong><strong>and running soon.<\/strong> The Financial Regulatory Authority (FRA) is getting ready to appoint a chief executive with expertise in arbitration and dispute resolution, a board of trustees headed by the FRA\u2019s chairman to launch the center, and a seven-member expert advisory board, FRA boss Mohamed Omran said in <a href=\"http:\/\/www.fra.gov.eg\/content\/efsa_ar\/efsa_news\/efsa_936.htm\">a statement<\/a>. Omran\u2019s statement came after a <a href=\"https:\/\/ent.news\/2020\/12\/Egypt-arbitration-center-for-NBFS.pdf\">cabinet decree (pdf)<\/a> greenlighting the new center\u2019s role and statute. The FRA-run center will specialize in handling arbitration disputes involving non-banking financial service providers, especially those arising between companies and their investors.<\/p>\n<p><strong>Background: <\/strong>The non-banking arbitration center was formed with a presidential decree <a href=\"http:\/\/www.fra.gov.eg\/content\/efsa_en\/efsa_news_en\/efsa_789_en.htm\">last year<\/a>. The center was envisioned under <a href=\"https:\/\/www.fra.gov.eg\/content\/efsa_ar\/laws_efsa\/law01.htm\">the 2009 law (pdf)<\/a> that set up the FRA, which was originally known as the Egyptian Financial Regulatory Authority. The law also established the general regulatory framework for the non-banking industry. A specialized arbitration center for the industry would come as welcome news for foreign investors, who have long faced obstacles presented by Egypt\u2019s slow judicial system and weak contract enforcement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new arbitration center to settle non-banking finance related disputes will be up and running soon. The Financial Regulatory Authority (FRA) is getting ready to appoint a chief executive with expertise in arbitration and dispute resolution, a board of trustees headed by the FRA\u2019s chairman to launch the center, and a seven-member expert advisory board, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8614],"tags":[72,76,595,343,871],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-568146","post","type-post","status-publish","format-standard","hentry","category-regulation-watch","tag-enterpriseam","tag-financial-regulatory-authority","tag-non-banking-financial-services","tag-regulation","tag-regulation-watch","wpautop","entry"],"acf":{"mongo_id":"3f6719fa-581b-4bed-ac58-5a8ea0e08a4a","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[568129],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Send in the lawyers - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/20\/send-in-the-lawyers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Send in the lawyers\" \/>\n<meta property=\"og:description\" content=\"A new arbitration center to settle non-banking finance related disputes will be up and running soon. The Financial Regulatory Authority (FRA) is getting ready to appoint a chief executive with expertise in arbitration and dispute resolution, a board of trustees headed by the FRA\u2019s chairman to launch the center, and a seven-member expert advisory board, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/20\/send-in-the-lawyers\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-20T04:15:26+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/20\/send-in-the-lawyers\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/20\/send-in-the-lawyers\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Send in the lawyers\",\"datePublished\":\"2020-12-20T04:15:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/20\/send-in-the-lawyers\/\"},\"wordCount\":186,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Financial Regulatory Authority\",\"non-banking financial services\",\"regulation\",\"regulation watch\"],\"articleSection\":[\"REGULATION WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/20\/send-in-the-lawyers\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/20\/send-in-the-lawyers\/\",\"name\":\"Send in the lawyers - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2020-12-20T04:15:26+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/20\/send-in-the-lawyers\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/20\/send-in-the-lawyers\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/20\/send-in-the-lawyers\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Send in the lawyers\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Send in the lawyers - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/20\/send-in-the-lawyers\/","og_locale":"en_US","og_type":"article","og_title":"Send in the lawyers","og_description":"A new arbitration center to settle non-banking finance related disputes will be up and running soon. The Financial Regulatory Authority (FRA) is getting ready to appoint a chief executive with expertise in arbitration and dispute resolution, a board of trustees headed by the FRA\u2019s chairman to launch the center, and a seven-member expert advisory board, [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/20\/send-in-the-lawyers\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2020-12-20T04:15:26+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/20\/send-in-the-lawyers\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/20\/send-in-the-lawyers\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Send in the lawyers","datePublished":"2020-12-20T04:15:26+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/20\/send-in-the-lawyers\/"},"wordCount":186,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","Financial Regulatory Authority","non-banking financial services","regulation","regulation watch"],"articleSection":["REGULATION WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/20\/send-in-the-lawyers\/","url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/20\/send-in-the-lawyers\/","name":"Send in the lawyers - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2020-12-20T04:15:26+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/20\/send-in-the-lawyers\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2020\/12\/20\/send-in-the-lawyers\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/20\/send-in-the-lawyers\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Send in the lawyers"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":592110,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/26\/fra-arbitration-committee-holds-first-meeting\/","url_meta":{"origin":568146,"position":0},"title":"FRA arbitration committee holds first meeting","author":"enterpriseam admin","date":"26 December 2019","format":false,"excerpt":"REGULATION WATCH- FRA arbitrator holds its first meeting: The board of the Financial Regulatory Authority\u2019s (FRA) newly-established arbitration committee held its first meeting yesterday, the FRA said in a statement yesterday. The panel was set up by a presidential decree earlier this year to resolve disputes between companies, shareholders, investors\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":595839,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/07\/fra-to-launch-arbitration-center-in-early-2020\/","url_meta":{"origin":568146,"position":1},"title":"FRA to launch arbitration center in early 2020","author":"enterpriseam admin","date":"7 August 2019","format":false,"excerpt":"The Financial Regulatory Authority (FRA) plans to launch its own arbitration center to settle non-banking finance related disputes in early 2020, the FRA\u2019s Vice Chairman Khaled El Nashar told Al Mal. The FRA is working on completing the administrative structure of the center, which will be specialized in handling arbitration\u2026","rel":"","context":"In &quot;Egypt Politics + Economics&quot;","block_context":{"text":"Egypt Politics + Economics","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-politics-economics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":659851,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/03\/fra-proposes-amendments-to-ease-establishment-investment-vc-funds\/","url_meta":{"origin":568146,"position":2},"title":"FRA proposes amendments to ease establishment investment, VC funds","author":"enterpriseam admin","date":"3 February 2025","format":false,"excerpt":"The proposals would allow investors to set up investment and VC funds under any type of corporate structure approved by the FRA board","rel":"","context":"In &quot;Capital markets&quot;","block_context":{"text":"Capital markets","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/capital-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1569.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":650816,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/10\/marian-kaldas-executive-director-of-the-egyptian-center-for-arbitration-and-settlement-of-non-banking-financial-disputes\/","url_meta":{"origin":568146,"position":3},"title":"Marian Kaldas, Executive Director of the Egyptian Center for Arbitration and Settlement of Non-Banking Financial Disputes","author":"enterpriseam admin","date":"10 October 2024","format":false,"excerpt":"The center is the first of its kind in Egypt","rel":"","context":"In &quot;My Morning Routine&quot;","block_context":{"text":"My Morning Routine","link":"https:\/\/enterpriseam.com\/egypt\/my-morning-routine\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/799.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543837,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/21\/interested-in-an-acquisition-in-the-non-bank-sector-youll-soon-need-approval-to-start-due-diligence\/","url_meta":{"origin":568146,"position":4},"title":"Interested in an acquisition in the non-bank sector? You\u2019ll soon need approval to start due diligence","author":"enterpriseam admin","date":"21 February 2022","format":false,"excerpt":"You will soon need to get regulatory approval before conducting due diligence on non-banking financial institutions, according to a decision (pdf) announced by the Financial Regulatory Authority (FRA) yesterday. Anyone looking to invest in a non-bank lender will need the greenlight from the authority or its board before accessing the\u2026","rel":"","context":"In &quot;REGULATION WATCH&quot;","block_context":{"text":"REGULATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/294.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598550,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/28\/fra-issues-non-banking-financial-service-e-payment-regs\/","url_meta":{"origin":568146,"position":5},"title":"FRA issues non-banking financial service e-payment regs","author":"enterpriseam admin","date":"28 May 2019","format":false,"excerpt":"REGULATION WATCH- FRA issues e-payment regulations for non-banking financial services: The Financial Regulatory Authority (FRA) has issued new regulations to ensure all non-banking financial service providers use non-cash methods when making or receiving payments exceeding the EGP 500 threshold specified by the recently-approved E-Payments Act, according to an FRA statement.\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/568146","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=568146"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/568146\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/568129"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=568146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=568146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=568146"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=568146"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=568146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}