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Deal by Design
Welcome to this edition of Law Update, focusing on the evolving M&A landscape across the MENA region. With deal activity and value continuing to grow, the region is seeing increased investor interest alongside a changing regulatory environment.
This edition explores key legal and market developments affecting M&A transactions, including regulatory reforms, foreign investment, governance, due diligence and deal structuring across the region.
To minimize the rapid spreading of Coronavirus disease (COVID-19) in Egypt, the Ministry of Justice issued a statement on the 15th of March, to postpone all hearings before all courts that were scheduled to take place this week and next week. The statement was issued clarifying that the postponed hearings will not be stricken-off, but merely postponed to preserve public health and safety.
On its part, the Court of Cassation also issued statement verifying the postponing all civil and criminal hearings scheduled before the Court of Cassation from Monday, 16th of March 2020 until 30th of March 2020.
Furthermore, the Chief Justice of the Council of State issued Decree No. 206 of 2020 today, postponing all administrative court and commissions’ hearings scheduled before the Council of State in Egypt effective Monday, the 16th of March 2020, until end of Saturday, 28th of March 2020. As an exception, the Council of State shall continue to hear Summary Proceedings and other urgent matters as per its discretionary power.
It is worth mentioning that all the above decisions entail that the regulatory administrative work by the court officials shall continue to operate normally during the upcoming period.
Khaled Attia
Partner, Head of Dispute Resolution – Egypt
k.attia@tamimi.com
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