Egypt Investment Law Prohibits 3rd Party Challenge to Contracts -Source

Egypt’s draft new investment law will contain provisions to prevent third parties from challenging contracts made between the government and an investor, a cabinet source said on Monday.

The clause is intended to reassure investors unnerved by previous legal challenges to such deals, some of which have resulted in companies being caught up in a legal limbo after being sold by the government.

The draft must be approved by Egypt’s president before it becomes law.

Source: Reuters