{"id":644937,"date":"2017-07-06T04:24:27","date_gmt":"2017-07-06T04:24:27","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/06\/administrative-court-refers-beltones-lawsuit-against-efsa-egx-to-state-commissioners\/"},"modified":"2017-07-06T04:24:27","modified_gmt":"2017-07-06T04:24:27","slug":"administrative-court-refers-beltones-lawsuit-against-efsa-egx-to-state-commissioners","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/06\/administrative-court-refers-beltones-lawsuit-against-efsa-egx-to-state-commissioners\/","title":{"rendered":"Administrative Court refers Beltone\u2019s lawsuit against EFSA, EGX to State Commissioners"},"content":{"rendered":"

The Administrative Court referred Beltone Financial\u2019s lawsuit against the bourse and Egyptian Financial Supervisory Authority (EFSA) to the State Commissioners\u2019 Authority for their legal opinion, Al Borsa reports<\/a>. Beltone had filed the lawsuit last year<\/a> against the heads of the EGX and EFSA for the repeated suspension and reversal of trades in its stocks.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Administrative Court referred Beltone Financial\u2019s lawsuit against the bourse and Egyptian Financial Supervisory Authority (EFSA) to the State Commissioners\u2019 Authority for their legal opinion, Al Borsa reports. Beltone had filed the lawsuit last year against the heads of the EGX and EFSA for the repeated suspension and reversal of trades in its stocks.<\/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":[9298],"tags":[2372,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-644937","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"8eb06f40-2580-4760-881d-6e8e1dbbe470","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[644899],"teaser":"","voice_url":""},"yoast_head":"\nAdministrative Court refers Beltone\u2019s lawsuit against EFSA, EGX to State Commissioners - 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\/2017\/07\/06\/administrative-court-refers-beltones-lawsuit-against-efsa-egx-to-state-commissioners\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Administrative Court refers Beltone\u2019s lawsuit against EFSA, EGX to State Commissioners\" \/>\n<meta property=\"og:description\" content=\"The Administrative Court referred Beltone Financial\u2019s lawsuit against the bourse and Egyptian Financial Supervisory Authority (EFSA) to the State Commissioners\u2019 Authority for their legal opinion, Al Borsa reports. Beltone had filed the lawsuit last year against the heads of the EGX and EFSA for the repeated suspension and reversal of trades in its stocks.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/06\/administrative-court-refers-beltones-lawsuit-against-efsa-egx-to-state-commissioners\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-07-06T04:24:27+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\/2017\/07\/06\/administrative-court-refers-beltones-lawsuit-against-efsa-egx-to-state-commissioners\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/06\/administrative-court-refers-beltones-lawsuit-against-efsa-egx-to-state-commissioners\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Administrative Court refers Beltone\u2019s lawsuit against EFSA, EGX to State Commissioners\",\"datePublished\":\"2017-07-06T04:24:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/06\/administrative-court-refers-beltones-lawsuit-against-efsa-egx-to-state-commissioners\/\"},\"wordCount\":67,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"EnterpriseAM\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/06\/administrative-court-refers-beltones-lawsuit-against-efsa-egx-to-state-commissioners\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/06\/administrative-court-refers-beltones-lawsuit-against-efsa-egx-to-state-commissioners\/\",\"name\":\"Administrative Court refers Beltone\u2019s lawsuit against EFSA, EGX to State Commissioners - 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The Egyptian Financial Supervisory Authority (EFSA) has submitted documents to the Administrative Court accusing some shareholders in Beltone Financial of manipulating stocks, Al Shorouk reports. Media reports don\u2019t make this clear, but no allegations of wrongdoing have been lodged against Beltone or any company executive.\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":599636,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/06\/court-refers-beltone-cases-against-fra-to-expert-committee\/","url_meta":{"origin":644937,"position":1},"title":"Court refers Beltone cases against FRA to expert committee","author":"enterpriseam admin","date":"6 January 2019","format":false,"excerpt":"Administrative Court refers Beltone appeal against FRA decision to Board of Commissioners: An administrative court has referred Beltone Financial\u2019s cases against the Financial Regulatory Authority (FRA) to its Board of Commissioners and set 26 January as deadline to receive legal advice, Matouk Bassiouny\u2019s head of litigation, Osman Mowafy, told Al\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":649659,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/06\/egx-chief-given-power-to-suspend-traders-suspected-of-manipulation-for-up-to-one-month\/","url_meta":{"origin":644937,"position":2},"title":"EGX chief given power to suspend traders suspected of manipulation for up to one month","author":"enterpriseam admin","date":"6 March 2017","format":false,"excerpt":"EGX boss Omran granted powers to suspend brokers for up to a month: The EGX board approved on Sunday granting EGX Chairman Mohamed Omran the power to suspend brokers suspected of market manipulation for up to one month, Omran tells Al Shorouk. Omran\u2019s justification was that suspending trading alone would\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":600599,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/04\/beltone-appeal-against-repeated-trade-freezes-in-2016-rejected\/","url_meta":{"origin":644937,"position":3},"title":"Beltone appeal against repeated trade freezes in 2016 rejected","author":"enterpriseam admin","date":"4 February 2019","format":false,"excerpt":"Beltone\u2019s appeal of 2016 trading reversals faces setback: The Board of State Commissioners has recommended to the Administrative Court that it reject Beltone Financial\u2019s claim that the Financial Regulatory Authority and EGX did not have grounds to reverse trades in Beltone\u2019s shares made back in 2016, reports. The FRA had\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":647106,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/02\/efsa-lifts-acumen-bpe-suspension\/","url_meta":{"origin":644937,"position":4},"title":"EFSA lifts Acumen-BPE suspension","author":"enterpriseam admin","date":"2 May 2017","format":false,"excerpt":"The Egyptian Financial Supervisory Authority (EFSA) has lifted a three-year suspension it had placed on asset manager Acumen-BPE in February, Al Mal reports. Acumen-Beltone is a JV between Acumen Holding and BPE Partners (formerly Beltone Private Equity). The asset manager\u2019s suspension came after the company\u2019s general assembly voted to suspend\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":600298,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/27\/beltone-en-route-to-lose-appeal-against-egypts-fra\/","url_meta":{"origin":644937,"position":5},"title":"Beltone en route to lose appeal against Egypt\u2019s FRA","author":"enterpriseam admin","date":"27 January 2019","format":false,"excerpt":"Advisory body reportedly recommends court turn down Beltone\u2019s appeal of its suspension. The Administrative Court received yesterday a report from the Board of State Commissioners recommending it reject Beltone\u2019s appeal a suspension handed to the investment bank\u2019s IPO unit by the Financial Regulatory Authority, reports Al Shorouk. The report found\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\/2020\/2\/290.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/644937","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=644937"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/644937\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/644899"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=644937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=644937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=644937"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=644937"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=644937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}