Agent Related Issue in DOP Finacle Egypt

  • Agent Related Issue in DOP Finacle Egypt
  • Agent Related Issue in DOP Finacle Egypt
  • Agent Related Issue in DOP Finacle Egypt
  • Are commercial agents allowed in Egypt?
  • Despite the permissibility of commercial agents orintermediaries in circumstances described under article 36 ofthe Tenders and Outbidding Law, certain Egyptian governmentministries and departments have adopted a policy of notallowing the use of commercial agents or intermediaries inconnection with their purchases.
  • How does Egyptian law affect foreign companies?
  • Egyptian law also allows arelatively greater flexibility to foreign companies and theirlocal commercial agents or distributors to agree upon, registerand enforce their commercial agreements. Nevertheless, in some instances day-to-day practice can bemore important than the express provisions of the laws.
  • Can Egypt refuse to register commercial agency agreements?
  • In Egypt, the discretionary authority of officials to refuseto register commercial agency agreements results in an implicitpower to interpret the law.
  • Can a commercial agency be paid outside Egypt?
  • The contract must stipulate, amongother things, the place and currency in which the commissionshall be paid.66 Based upon the provisions of Articles 4 and 11of the Commercial Agencies Law, Registry officials probably willrefuse to register a commercial agency agreement providing forcommercial agency compensation to be paid outside Egypt.
  • Are commercial agreements governed by foreign law in Egypt?
  • Article 19 of the Egyptian Civil Code recognizes thatparties may stipulate that their commercial agreements are to begoverned by foreign law. In the past, parties have draftedEgyptian commercial agency agreements with such provisions, andthese agreements have been registered.
  • Does Egyptian law apply if a commercial agency agreement contains noarbitration?
  • If an Egyptian commercial agency agreement contains noarbitration provision, however, an Egyptian court probably wouldexercise jurisdiction, and absent proof of the applicable foreignlaw, it might apply Egyptian law despite a foreign governing lawclause in the relevant agreement.

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