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Egypt issues law barring challenges to state deals

Reuters- Egypt’s interim President Adly Mansour on Tuesday approved a law that would restrict the right to challenge state business and real estate deals to only the government, its involved institutes and business partners, a presidency statement said. The law, long-waited by businessmen and investors, is meant, according to the presidential statement, to boost business …

Daily News Egypt

Egypt draft law bars third-party challenges to contracts

Reuters – Egypt’s draft investment law contains provisions to prevent third parties from challenging contracts made between the government and an investor, a cabinet source said on Monday, a move designed to attract badly needed investment. The clauses are intended to reassure investors unnerved by previous legal challenges to such deals, some of which have …

Daily News Egypt