EGYPT Law and Practice Contributed by: Mohamed Hashish, Farida Rezk, Omar Aboul-Ella and Mariam Rabie, Soliman, Hashish & Partners
11.3 Interference With Completion Shareholder activism is not common in Egypt, in light of the fact that Egyptian laws do regulate or provide for shareholder activism explicitly; accordingly, there tends to be no interference with the completion of announced transactions. However, generally, it is worth noting that with respect to the new merger control regime, the ECA publishes on its website contemplated eco - nomic concentrations to allow third parties to submit their views on said transactions.
divestitures. Such decisions are usually driven by controlling shareholders. However, unless otherwise stipulated in the company’s articles of association, the Companies Law requires that resolutions relating to the increase of the author - ised capital, the decrease of the capital, the liq - uidation of the company, changing the objective of the company, or merging or splitting up the company shall be issued if approved by at least three-quarters of the shares represented in the meeting.
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