Regulatory Alerts2020-01-01
Prime Minister's Resolution No. 908 of 2020 Amending the Executive Regulations of the Movable Collateral Law
The Prime Minister of Egypt issued Resolution No. 908 of 2020 to amend Articles 1 and 2 of the Executive Regulations of the Movable Collateral Law No. 115 of 2015. The amendment replaces the definition of movable collateral in Article 1 to include natural and legal persons providing financing or goods and services, and clarifies exclusions in Article 2. This regulatory update aims to broaden the scope of eligible collateral providers and entities under the legal framework for movable assets.
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