Significant impacts on Egyptian legal system caused by Egyptian investment legislation
The Egyptian government and its legislators have been putting forth legislative amendments to its domestic laws that are controversial in relation to investment, tenders, bids, and investment guarantee as top priority.On one hand, they are doing this in order to encourage and reassure the foreign...
| Autors principals: | , |
|---|---|
| Format: | Article |
| Idioma: | English |
| Publicat: |
Pak Publishing Group
2016
|
| Matèries: | |
| Accés en línia: | https://repo.uum.edu.my/id/eprint/22045/1/HSSL%204%201%202016%201-21.pdf |
| _version_ | 1825804673215365120 |
|---|---|
| author | Elfakharani, Ashraf M. A. Abdul Rahman, Rohana |
| author_facet | Elfakharani, Ashraf M. A. Abdul Rahman, Rohana |
| author_sort | Elfakharani, Ashraf M. A. |
| collection | UUM |
| description | The Egyptian government and its legislators have been putting forth legislative amendments to its
domestic laws that are controversial in relation to investment, tenders, bids, and investment
guarantee as top priority.On one hand, they are doing this in order to encourage and reassure the
foreign investors in Egypt, and on the other hand, they are likely facing psychological fears of
international massive litigations.However, these legislative investment amendments could threaten
and undermine the stability of inherited Egyptian jurisdiction systems and integrity. These
amendments include providing avenues of escape of corruption and financial crimes through the
reconciliations with the foreign investors who have been damaging the Egyptian economy and its
citizens’ livelihoods.As the role, size, and impact of foreign investment grow worldwide. The
mechanisms holding such entities accountable are actively diminishing. Unfortunately, the legal
framework of foreign investment is aggressively shrinking the state’s role in regulating these
foreign investment enterprises in Egypt, while challenging the very sovereignty and jurisdiction of the Egyptian court system to investigate allegations of violations committed by foreign investors.In effect, this results in absolute impunity by foreign investors in Egypt. Moreover, this trend of more legal privileges and the loose accountability to the foreign investors create a negative impact on Egyptian public interests and then on the Egyptian legal system as well as on the Egyptian Constitution.The aim of this paper, therefore, is to highlight the lawful deficiencies of the amended investment laws as well as its patterns trespass to the Egyptian Constitution. In addition, this paper brings out the implications of these violations on the inherited Egyptian legal system. |
| first_indexed | 2024-07-04T06:19:29Z |
| format | Article |
| id | uum-22045 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T06:19:29Z |
| publishDate | 2016 |
| publisher | Pak Publishing Group |
| record_format | eprints |
| spelling | uum-220452017-05-15T02:31:18Z https://repo.uum.edu.my/id/eprint/22045/ Significant impacts on Egyptian legal system caused by Egyptian investment legislation Elfakharani, Ashraf M. A. Abdul Rahman, Rohana HF Commerce K Law (General) The Egyptian government and its legislators have been putting forth legislative amendments to its domestic laws that are controversial in relation to investment, tenders, bids, and investment guarantee as top priority.On one hand, they are doing this in order to encourage and reassure the foreign investors in Egypt, and on the other hand, they are likely facing psychological fears of international massive litigations.However, these legislative investment amendments could threaten and undermine the stability of inherited Egyptian jurisdiction systems and integrity. These amendments include providing avenues of escape of corruption and financial crimes through the reconciliations with the foreign investors who have been damaging the Egyptian economy and its citizens’ livelihoods.As the role, size, and impact of foreign investment grow worldwide. The mechanisms holding such entities accountable are actively diminishing. Unfortunately, the legal framework of foreign investment is aggressively shrinking the state’s role in regulating these foreign investment enterprises in Egypt, while challenging the very sovereignty and jurisdiction of the Egyptian court system to investigate allegations of violations committed by foreign investors.In effect, this results in absolute impunity by foreign investors in Egypt. Moreover, this trend of more legal privileges and the loose accountability to the foreign investors create a negative impact on Egyptian public interests and then on the Egyptian legal system as well as on the Egyptian Constitution.The aim of this paper, therefore, is to highlight the lawful deficiencies of the amended investment laws as well as its patterns trespass to the Egyptian Constitution. In addition, this paper brings out the implications of these violations on the inherited Egyptian legal system. Pak Publishing Group 2016 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/22045/1/HSSL%204%201%202016%201-21.pdf Elfakharani, Ashraf M. A. and Abdul Rahman, Rohana (2016) Significant impacts on Egyptian legal system caused by Egyptian investment legislation. Humanities and Social Sciences Letters, 4 (1). pp. 1-21. ISSN 2312-5659 http://doi.org/10.18488/journal.73/2016.4.1/73.1.1.21 doi:10.18488/journal.73/2016.4.1/73.1.1.21 doi:10.18488/journal.73/2016.4.1/73.1.1.21 |
| spellingShingle | HF Commerce K Law (General) Elfakharani, Ashraf M. A. Abdul Rahman, Rohana Significant impacts on Egyptian legal system caused by Egyptian investment legislation |
| title | Significant impacts on Egyptian legal system caused by Egyptian investment legislation |
| title_full | Significant impacts on Egyptian legal system caused by Egyptian investment legislation |
| title_fullStr | Significant impacts on Egyptian legal system caused by Egyptian investment legislation |
| title_full_unstemmed | Significant impacts on Egyptian legal system caused by Egyptian investment legislation |
| title_short | Significant impacts on Egyptian legal system caused by Egyptian investment legislation |
| title_sort | significant impacts on egyptian legal system caused by egyptian investment legislation |
| topic | HF Commerce K Law (General) |
| url | https://repo.uum.edu.my/id/eprint/22045/1/HSSL%204%201%202016%201-21.pdf |
| work_keys_str_mv | AT elfakharaniashrafma significantimpactsonegyptianlegalsystemcausedbyegyptianinvestmentlegislation AT abdulrahmanrohana significantimpactsonegyptianlegalsystemcausedbyegyptianinvestmentlegislation |