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LEGAL UPDATE AHK MORNING MEETING Alexander & Partner T EGY | T DE

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Presentation on theme: "LEGAL UPDATE AHK MORNING MEETING Alexander & Partner T EGY | T DE"— Presentation transcript:

1 E nb@alexander-partner.com | E lccai2@alexander-partner.com
LEGAL UPDATE AHK MORNING MEETING Alexander & Partner T EGY | T DE E | E Cairo, 7th May 2019 Madonna Sobhy

2 Content Amendments of the Competition Law
The Use of Non-Cash Means of Payment Law Temporary precautionary measures on imports of certain metal products Amendments of the Education Law

3 AMENDMENTS OF THE COMPETITION LAW
New criminal provisions Exclusive exception from the possibility of settlement of a case

4 The Use of Non-Cash Means of Payment Law
Liable persons: All state authorities & public legal persons whose capital is owned by the state Private legal persons, in case: Number of employees exceeds threshold Total amount of monthly wages exceeds threshold Type of payments specified in the law to be settled via non-cash means of payment

5 The Use of Non-Cash Means of Payment Law
State authorities are required to make available means of acceptance of non-cash payment to their suppliers State authorities shall provide positive incentives for payment through non-cash means of payment Penalties: whoever violates the provisions (1 & 2) whoever fragments payments with the intent of avoiding the application of the thresholds established whoever violates the provisions (3) shall be fined between EGP 100,000 and 300,000

6 TEMPORARY PRECAUTIONARY MEASURES ON IMPORTS OF CERTAIN METAL PRODUCTS
Imports of reinforcing steel item (bars, coils, rods): Imposed for 180 days At a rate of 25 % of shipment value (CIF) Imports of semi-finished products of iron or non-alloy steel (billets): At varying rates Export Development Fund Account at CBE

7 AMENDMENTS OF THE EDUCATION LAW
The Civil Service Law no. 81 of the year 2016 replaces the Civil Servants Law no. 47 of the year 1978 Requirements of occupying the teaching jobs: Nationality University degree The professional development programs

8 AMENDMENTS OF THE EDUCATION LAW
Appointment as “assistant teacher”: Contract Certificate of eligibility Conditions to be appointed as a “teacher” Appointment to ”education” posts Appointment as “director of education department” or “assistant director of education department” Appointment as “school principal” or “assistant school principal” Exception


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