Egypt Bankruptcy Law: A Focus on Economic Disputes

Egypt Law No. 11/2018 Bankruptcy Law, issued on 19 February 2018 and entered into force on the 22 March 2018, is the first law that is entirely dedicated to bankruptcy and is seen as a positive step in attracting investments in Egypt. Egypt Law No. 11/2018 replaces the fifth chapter of Egypt Law No. 17/1999 Trade Law which dealt with corporate bankruptcy in a perfunctory manner although the Egyptian corporate entities dominate 95% of Egypt's enterprises.

By regulating and streamlining the bankruptcy process, especially corporate bankruptcy, investors find greater comfort in entering the market by knowing that they can now more easily exit it. Egypt Law No. 11/2018 is part of a series of legislations that have taken place in Egypt aimed at galvanizing investments in Egypt including Egypt Law No. 72/2017 Investment Law which introduced drastic changes to the investment regime and energized the investment climate in Egypt.