Regulatory Alerts1991-01-01
Law No. 203 of 1991 Concerning Public Sector Business Sector Companies
The Egyptian People's Assembly issued Law No. 203 of 1991 to restructure the public sector by replacing public sector bodies with holding companies and their subsidiaries governed by joint stock company rules. The legislation mandates the transfer of all assets, liabilities, and employees to the new corporate entities while preserving their existing employment conditions and benefits during a transitional period. It establishes detailed frameworks for corporate governance, capital structure, board composition, financial oversight, and judicial jurisdiction to align state-owned enterprises with private sector standards.
Share