EGYPT Law and Practice Contributed by: Mohamed Hashish, Heba El Abd, Farida Rezk, Omar Aboul-Ella, Mariam Rabie and Mohamed Selim, Soliman, Hashish & Partners
• an Egyptian national inside or outside Egypt; • a non-Egyptian residing within Egypt; or • a non-Egyptian outside Egypt if the act is punishable in any form in the country where it occurred and the data subject who is affected by the breach is an Egyptian national or a non-Egyptian residing in Egypt. 8.3 Role and Authority of the Data Protection Agency The DPC is the regulatory authority empowered by virtue of the Data Protection Law to oversee and enforce the Data Protection Law, including the issuance of required licences, authorisations and certifications in accordance with the Data Protection Law. However, the DPC is not yet operational and is subject to the issuance of the Executive Regulation of the Data Protection Law, which has not yet been issued. The Executive Regulations of the Data Protection Law are set to be issued, following the establish - ment of the DPC. This will allow the applicability and implementation of the Data Protection Law and further detail key obligations of processors and controllers of personal data under the Data Protection Law. Furthermore, it is worth noting that it has been reported that the Egyptian government is cur - rently in the process of preparing an all-new Arbitration Law that will be proposed to the Egyptian House of Representatives. 9. Looking Forward 9.1 Upcoming Legal Reforms
Moreover, it is noteworthy to mention that the CEO of GAFI announced earlier this year that the authority initiated the process of preparing a new Companies Law to replace the current one. This initiative aims to align with the evolving invest - ment environment both regionally and globally. The new law is expected to facilitate and simplify the company incorporation process and post- incorporation procedures, such as the certifica - tion of board of directors’ and general assembly meeting minutes. Additionally, it aims to allow the retention of all types of company documents through electronic means, eliminating the need for physical documents and ledgers. Additionally, a new law is expected to be enact - ed, stating that every property in Egypt be assigned a digital ID number. Information related to each property will be registered on a designat - ed platform, including details such as its precise location, usage, ownership information, licenc - es issued, and the date of purchase. It is also anticipated that each property will be assigned a physical ID. Property owners will likely be required to pay a fee to register on the platform in order to obtain the digital ID. The purpose of this law is to avoid ownership-related disputes and facilitate access to property records for for - eign buyers.
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