{"id":623425,"date":"2018-10-30T04:06:36","date_gmt":"2018-10-30T04:06:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/house-looks-at-legislation-which-could-cut-down-on-egypts-intl-arbitration-cases\/"},"modified":"2018-10-30T04:06:36","modified_gmt":"2018-10-30T04:06:36","slug":"house-looks-at-legislation-which-could-cut-down-on-egypts-intl-arbitration-cases","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/house-looks-at-legislation-which-could-cut-down-on-egypts-intl-arbitration-cases\/","title":{"rendered":"House looks at legislation which could cut down on Egypt\u2019s int\u2019l arbitration cases"},"content":{"rendered":"

LEGISLATION WATCH- House mulls legislation that could make it easier to clear Egypt\u2019s arbitration backlog:<\/strong> The House of Representatives\u2019 Legislative Committee is reviewing a law that could help fast-track the resolution of investor disputes that center on state-owned companies where the Administrative Court has tried to reverse privatizations ales. The law would allow the Prime Minister to refer these cases to the Investment Ministry\u2019s investors disputes resolution committees to negotiate settlements. The law would also shield the Public Enterprises Minister from the legal ramifications of not enforcing the Administrative Court\u2019s ruling, committee member Medhat Sherif tells Al Mal<\/a>.<\/p>\n

Background:<\/strong> The state sold shares in seven companies, including Nile Cotton Ginning and Omar Effendi, only to have the Administrative Court issue a ruling in 2011 invalidating the share sales. The decision drew Egypt into legal entanglements and international arbitration cases that are still ongoing. The law is meant to settle the cases with these seven companies, Public Enterprises Minister Hisham Tawfik said. We\u2019ve been seeing reports as recently as this month<\/a> that Nile Cotton and Ginning\u2019s foreign investors were about to proceed with arbitration suits.<\/p>\n","protected":false},"excerpt":{"rendered":"

LEGISLATION WATCH- House mulls legislation that could make it easier to clear Egypt\u2019s arbitration backlog: The House of Representatives\u2019 Legislative Committee is reviewing a law that could help fast-track the resolution of investor disputes that center on state-owned companies where the Administrative Court has tried to reverse privatizations ales. The law would allow the Prime […]<\/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":[957,72,274,125,180,79,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-623425","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-dispute-watch","tag-enterpriseam","tag-house-of-representatives","tag-investment-watch","tag-legislation","tag-public-enterprises-ministry","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"e727781a-5d09-4297-a4e8-d0b19e2bdc75","order":"0","is_powered_by":true,"section_story_id":"fb69c96c-d3a1-4098-98b0-c87c9de6ab8b","story_type":"1","photo_url":"","photo_position":"above","related_issue":[623410],"teaser":"","voice_url":""},"yoast_head":"\nHouse looks at legislation which could cut down on Egypt\u2019s int\u2019l arbitration cases - 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\/2018\/10\/30\/house-looks-at-legislation-which-could-cut-down-on-egypts-intl-arbitration-cases\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"House looks at legislation which could cut down on Egypt\u2019s int\u2019l arbitration cases\" \/>\n<meta property=\"og:description\" content=\"LEGISLATION WATCH- House mulls legislation that could make it easier to clear Egypt\u2019s arbitration backlog: The House of Representatives\u2019 Legislative Committee is reviewing a law that could help fast-track the resolution of investor disputes that center on state-owned companies where the Administrative Court has tried to reverse privatizations ales. 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The committee will be chaired by the president\u2019s assistant for national and strategic projects, and will feature Public Enterprises Minister Hisham Tawfik, and representatives from the\u2026","rel":"","context":"In "Speed Round"","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":571605,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/18\/house-speaker-submits-income-tax-act-public-enterprises-act-others-for-committee-discussion\/","url_meta":{"origin":623425,"position":3},"title":"House Speaker submits Income Tax Act, Public Enterprises Act, others, for committee discussion","author":"enterpriseam admin","date":"18 May 2020","format":false,"excerpt":"LEGISLATION WATCH- House Speaker submits Income Tax Act, Public Enterprises Act, others, for committee discussion: House Speaker Ali Abdel Aal submitted six draft laws and two protocols to their relevant committees during parliament\u2019s plenary session on Sunday, the local press reports. 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