{"id":599374,"date":"2019-06-26T04:00:18","date_gmt":"2019-06-26T04:00:18","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/26\/administrative-court-overturns-fra-decision-against-acumen-on-egypt-gas-shares\/"},"modified":"2019-06-26T04:00:18","modified_gmt":"2019-06-26T04:00:18","slug":"administrative-court-overturns-fra-decision-against-acumen-on-egypt-gas-shares","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/26\/administrative-court-overturns-fra-decision-against-acumen-on-egypt-gas-shares\/","title":{"rendered":"Administrative court overturns FRA decision against Acumen on Egypt Gas shares"},"content":{"rendered":"

DISPUTE WATCH- Administrative court overturns regulator\u2019s decision to ban Acumen from buying Egypt Gas shares: <\/b>The Council of State\u2019s (Maglis El Dawla) administrative court has overturned the Financial Regulatory Authority\u2019s (FRA) decision to ban Acumen from buying Egypt Gas shares for three months, the local press reported<\/a>. The court is also ordering the FRA to pay EGP 30k to Acumen as compensation.<\/p>\n

Background: <\/b>The FRA banned<\/a> Acumen in October 2017 after alleging that Egypt Gas shares had been subject to stock manipulationj. Acumen had denied the allegations and challenged<\/a> the FRA\u2019s decision.<\/p>\n","protected":false},"excerpt":{"rendered":"

DISPUTE WATCH- Administrative court overturns regulator\u2019s decision to ban Acumen from buying Egypt Gas shares: The Council of State\u2019s (Maglis El Dawla) administrative court has overturned the Financial Regulatory Authority\u2019s (FRA) decision to ban Acumen from buying Egypt Gas shares for three months, the local press reported. The court is also ordering the FRA to […]<\/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":[8572],"tags":[957,72,76,411,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-599374","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-dispute-watch","tag-enterpriseam","tag-financial-regulatory-authority","tag-judiciary","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"dfe49e84-c50b-4f90-a3f6-9ffd540d5f58","is_powered_by":true,"section_story_id":"9498d53f-aa9d-4349-84b1-c074c7b554c2","story_type":"1","photo_url":"","photo_position":"above","related_issue":[599358],"teaser":"","voice_url":""},"yoast_head":"\nAdministrative court overturns FRA decision against Acumen on Egypt Gas shares - 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\/2019\/06\/26\/administrative-court-overturns-fra-decision-against-acumen-on-egypt-gas-shares\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Administrative court overturns FRA decision against Acumen on Egypt Gas shares\" \/>\n<meta property=\"og:description\" content=\"DISPUTE WATCH- Administrative court overturns regulator\u2019s decision to ban Acumen from buying Egypt Gas shares: The Council of State\u2019s (Maglis El Dawla) administrative court has overturned the Financial Regulatory Authority\u2019s (FRA) decision to ban Acumen from buying Egypt Gas shares for three months, the local press reported. The court is also ordering the FRA to […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/26\/administrative-court-overturns-fra-decision-against-acumen-on-egypt-gas-shares\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-26T04:00:18+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/26\/administrative-court-overturns-fra-decision-against-acumen-on-egypt-gas-shares\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/26\/administrative-court-overturns-fra-decision-against-acumen-on-egypt-gas-shares\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Administrative court overturns FRA decision against Acumen on Egypt Gas shares\",\"datePublished\":\"2019-06-26T04:00:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/26\/administrative-court-overturns-fra-decision-against-acumen-on-egypt-gas-shares\/\"},\"wordCount\":106,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"dispute watch\",\"EnterpriseAM\",\"Financial Regulatory Authority\",\"judiciary\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/26\/administrative-court-overturns-fra-decision-against-acumen-on-egypt-gas-shares\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/26\/administrative-court-overturns-fra-decision-against-acumen-on-egypt-gas-shares\/\",\"name\":\"Administrative court overturns FRA decision against Acumen on Egypt Gas shares - 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