Regulatory Alerts2020-01-01
Prime Minister's Decision No. (2597) of 2020 (Updated Version in 2025)
The Prime Minister of Egypt issued Decision No. 2597 of 2020 (updated in 2025) to formally establish the Egyptian Center for Alternative Dispute Resolution and Settlement of Non-Banking Financial Disputes as an independent, non-profit legal entity. The regulation mandates the Center's governance structure, including a Board of Trustees, Advisory Committee, and Executive Director, while defining its exclusive competence to arbitrate and mediate disputes arising from non-banking financial transactions. It further codifies comprehensive arbitration and mediation rules, detailing procedural requirements for case initiation, tribunal constitution, confidentiality obligations, conflict of interest avoidance, and financial management aligned with state accounting standards.