As you know, the Covid-19 outbreak in Egypt and in many areas of the Middle East and North Africa has led to a public health emergency and unforeseen challenges for businesses. It has also led to uncertainties, including from a tax/legal perspective.
You no doubt are asking yourself many questions, especially in light of the measures being issued by the Egyptian government, so we have set up a multidisciplinary task force to respond to all of them, be they general or specific in nature. The task force includes experts in: labour law, commercial contracts, corporate, banking, International arbitration & litigation and tax.
The task force has already analysed the most commonly faced issues and has prepared an overview of the key aspects to consider and some practical suggestions. It’s available here.
We are only too aware of the multiple factors at play here and of their varying nature from company to company. And more uncertainty could well arise in the coming hours depending on how the situation develops.
With that in mind, we have also set up an e-mail hotline to the task force for all your related queries: Covid19-Egypt@belex.com.
This is obviously a tough time for all us – companies, their international contacts and the entire Egyptian economy is being put to the test. This is our contribution.