Regulatory Alerts2017-01-01
Law No. 72 of 2017 Issuing the Investment Law
The President of the Arab Republic of Egypt issued Law No. 72 of 2017 to repeal the previous Investment Guarantees and Incentives Law and replace it with a comprehensive new Investment Law. The legislation establishes four distinct investment regimes, guarantees fair treatment and protection against nationalization or expropriation for all domestic and foreign investors, and mandates the issuance of an executive regulation within ninety days. It further defines core investment principles, exempts private joint-stock companies from certain public sector appointment rules, and transfers existing investment dispute cases to newly formed specialized committees.
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