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Centamin Egypt Share Chat (CEY)



Share Price: 66.90Bid: 66.95Ask: 67.25Change: 0.00 (0.00%)No Movement on Centamin
Spread: 0.30Spread as %: 0.45%Open: 64.95High: 67.20Low: 64.60Yesterday’s Close: 66.90


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Siko
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RE: Daz66
Sun 23:57
OK, I did some homework, I agree with sinner.. but more clarification on the second part..

"Should the SCC decide that law 32 is constitutional can any of the current cases actually be thrown out, prior to the new law being ratified by parliament?"

Yes, many other laws issued by Mansour and Sisi are currently effective and get applied, not waiting for the parliament, that's the whole point of issuing these laws in the absence of parliament because they are needed "now". For example the protest law issued by Mansour is applied and people get arrested if they break that law, despite the law being challenged at the SCC.

"If parliament refuses to ratify the law at a later date, then would the cases go back to court?"

According to the constitution, this is up to the parliament. Article 156 of the constitution states ( In absence of the House of Representatives, the President of the Republic may issue decrees that have the force of law, provided that these decrees are then presented to the House of Representatives, discussed and approved within 15 days from the date the new House convenes. If such decrees are not presented to the House and discussed, or if they are presented but not approved, their legality is revoked retroactively, without the need to issue a decision to that effect, unless the House affirms their validity for the previous period, or chooses to settle the consequent effects)

But in this link:

http://www.masress.com/youm7/1746583

A debate about applying article 156. Many legal and constitutional experts say that the parliament could only "amend" those decrees, but they could not be revoked retroactively. They have many reasons for their opinions...
 
daz66
Posts: 1,294
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RE: Daz66
Sun 23:33
Thanks Sinner :)
sinnerthesaint
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Daz66
Sun 20:55
"Should the SCC decide that law 32 is constitutional can any of the current cases actually be thrown out, prior to the new law being ratified by parliament?"

Yes, in the normal procedures, this can be done at a hearing, the judge in the SAC will need to decide whether law32 is applicable and as long as there's no 'relevant' outstanding challenges against law32, he will dismiss the case. [in reality he can dismiss the case even while there's a challenge but it later gets complicated]. So if Centamin gets a hearing before the first month after the election is concluded, then it could be thrown out. I do not believe that [even in Egypt], a judge presiding in the SAC can dismiss several other cases at once. It is possible that they have a commitee which can do this at some point [I'm not aware of such a commitee in the SAC]. I do not see why the court would do that themselves, unless perhaps the government motions for it - then a set-up can be done.

"If parliament refuses to ratify the law at a later date, then would the cases go back to court?"

NO (at least Not automatically), because it was law, until the parliament decides explicitly or implicitly on whether it carries on to be law. I believe the parliament could repeal it backwards [through explicit votes] in the older consitution but I'm unsure how applicable this is now - I did look into it at some point but forgot, I may still have it in the notes somewhere ... However, it is very unlikely that the parliament will do that to be honest. They will just put themselves in a tight spot, shooting their feet with a machine gun. Also the elected house will likely be pro-Sisi. If there is this worst case scenario, it won't just go back to court automatically [i.e. kind of hearings are resumed] no. Al-Fakharany will need to draft a new case to plead for it. I cannot tell you further than that .. at this moment, probably no-one can as it would depend what exactly the parliament voted for and if they would attach further legislation to it...
Hkinvestor21
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Where to invest?
Sun 20:33
daz66
Posts: 1,294
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View Thread (6)
RE: Media reports
Sun 20:30
Should the SCC decide that law 32 is constitutional can any of the current cases actually be thrown out, prior to the new law being ratified by parliament? If parliament refuses to ratify the law at a later date, then would the cases go back to court? How would that work. Does anyone have an legal understanding of this ratification process?
Hkinvestor21
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Kitco gold vids
Sun 18:25
mac69
Posts: 1,588
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RE: Reporter freed by Egypt
Sun 17:57
The North Sinai in Egypt , still the fallout from the morsi regime ! 250.000 Palestinian , given residency in Egypt , revoked by sisi , most deported , some of the really bad ones captured in Egypt , but there is a very large refugee , settlement , or town in the north Sinai , that have been causing this type of problems for some time now , just the same old same old sh*t !
sinnerthesaint
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Reporter freed by Egypt
Sun 16:47
Peter Greste is now freed by Egypt. Unlikely to have any impact on its own here, but some may see it as yet another step towards 'stabilisation' for Egypt. (fwiw, I personally welcome this move and hope Baher and Mohamed gets freed too as soon as possible).

For those who don't know, there has been attacks in North Sinai in Egypt. There are some dumb militants who thinks its a good idea to affiliate with IS. Sisi had to cut a visit short to deal with this situation. It is far from Sukhari so will not have any direct impact. However, it may take a while for Sisi to bring those under tighter control.
graftman
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Hkinvestor21
Sun 13:42
interesting developments in US , union ratcheting up the pressure , they will come to an agreement because both sides need too. jmv . on bonds I have no-doubt that the sheepeople will head for bonds and that's there mistake imv , why I posted wouldn't class a government bond a good safe haven . imv more fool them who hold any bonds government or company . we are in the start of a deflationary period . http://kingworldnews.com/felix-zulauf-2-1-15/ . very interesting interview and a must listen
Hkinvestor21
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US refineries strike?
Sun 13:21





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