The Egyptian Exchange Board Approves Arbitration Rules For Capital Market Disputes

The Egyptian Exchange Board Approves Arbitration Rules For Capital Market Disputes

Aiming to improve the investment climate in the Egyptian Stock Market, EGX Board approved rules of arbitration for the settlement of disputes in the capital market in the light of the arbitration rules of the United Nations Commission on International Trade Law (UNCITRAL) and its amendments.

The rules aim to settle disputes that arise between the parties to the different market as a voluntary consent of the parties in shorter time.

The adoption of the new arbitration rules is an important strategic step to strengthen EGX standing as one of the most important emerging markets aligned with the latest international standards.

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