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اليوم السابع
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New Arbitration Rules under Investment Law
The Investment Law No. 72 of 2017 established an independent center for arbitration and mediation called "The Egyptian Center for Arbitration and Mediation." Its headquarters are located in Cairo. The center aims to resolve investment disputes between investors or between investors and the state or its affiliated entities through arbitration or mediation, subject to the parties' consent. The center is managed by a Board of Directors composed of five experts appointed by the Prime Minister for a renewable term of five years. The members select a chairperson for the board. The center’s bylaws specify the fees for services and arbitrators. It is financed during the first three years by the state budget, and it is not permitted to receive funds from other sources. The center works to resolve disputes in accordance with Egyptian laws governing arbitration, with the goal of ensuring efficient and transparent dispute resolution.
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