Regulatory Alerts1990-04-22
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Law No. 8 of 1990 Issuing the Maritime Commerce Law
The Egyptian People's Assembly issued Law No. 8 of 1990 to enact the Maritime Commerce Law, repealing the 1883 version and establishing a comprehensive legal framework for maritime navigation and vessel regulation. The legislation defines ships, mandates Egyptian nationality and registration requirements, restricts foreign ownership and leasing, and outlines penalties for non-compliance. It further codifies real rights over vessels, including shipbuilding contracts, co-ownership management, profit/loss distribution, and procedures for share transfer, redemption, and sale.
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