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Member Info for Siko


Member Since: Sun, 11th Dec 2011

Number of Share Chat Posts (all time): 983
Number of Share Chat Posts (last 30 days): 16

Last Posted: 14 Jul '14


Post Distribution over the last 30 days




14 Jul '14


www.akhbarak.net/articles/15892110

www.akhbarak.net/news/2014/07/09/4665760/articles/15856436

The first link is what flopticalube was talking about as news floated today that profit share would start June 2015. It also contains a few comments from Mr-AlRajhi and an official at the ministry of petroleum.

The second link -from a couple of days ago- contains comments from the president of EMRA, who said according to the settled accounts, profit share should start January 2015.
13 Jul '14


http://www.elwatannews.com/news/details/519404

The state council finalised the new mineral resources law and sent it to be authorised by president Sisi.

All articles of the new law are in the above link.

Article 3:

Existing licences continue to be valid and correct with the same rules. New rent and royalties rules will apply when these licences are due for renewal.

Article 10:

Royalty is at least 5% .
10 Jul '14


dazz, your understanding of the third party law is sport on and that's exactly how the new law wants things to work.

Yes, the average worker could still make a case against corruption. In corruption cases, you do not go directly to the criminal court, you first go and submit your claim to the public prosecutor "FREE", they investigate the claim and could interview all relevant parties, then if they are convinced that there is a case, then they refer the case to the criminal court supporting your claim. You do not even have to have a lawyer as the prosecutors will represent the case in the court.

I'm not sure about ( If you lose then do you have to pay?), but I would not think so because as I said earlier it is the prosecutors that take the case to the court.

The problem journalists/activists/ECESR/etc... have with this law is that they know that the criminal courts would take years and years to issue a FINAL ruling which they need to take their case to the administrative court. Ex-ministers during Mubarak time still have cases going on for more than 3 years now. They also say that if you do not have anything to hide, so why are you worried about going directly to the administrative court? Of course they do not consider the share price of the companies which gets affected by these cases. They also say that many cases were brought to the administrative court and the court supported their claims and invalidated the contracts, which means not all the cases are bogus or for fame or with personal agendas.
10 Jul '14


In Egypt courts do not cost anything really, you only pay your lawyer, unless you ask for a specific request which would cost a lot then the court would ask you to pay for its cost if you insist on having that request.

Alfakharany and his lawyer (Wael hamdy Al-said) are good friends and share the same views, so even the lawyer's cost is not an issue!
10 Jul '14


I spent last night and this morning reading the 49 page appeal submitted by the ECESR to the SCC.

Wow, lawyers could really make Eastenders and Coronation street scripts out of a 2 lines law!!

First, They claim all current members of the SCC are not suitable to consider the appeal due to the presence of Adly Mansour as the president of the SCC, even though he will not be involved, but they claim his presence as the president could affect their decision and make them not impartial. They did not offer a solution for this point as the SCC is the only court that could consider this appeal, but I think they are using this claim to apply pressure on the members of the SCC.

They also say that the retrospective part of the law is totally unconstitutional because as a common base, any new law should not affect any acquired rights in a case, and in administrative cases where the court issued a ruling, this ruling is immediately enforceable, even though it s not a final ruling and you could still appeal against it, but that ruling by itself is classed as an acquired right which any new law could not cancel. So they say this law should not be applied to any current cases in courts, especially where any ruling was issued.

Other claims:

-There was no urgency to issue this law in the absence of the parliament.

-Affects equal rights.

-Restricts the state council supervising authority.

-Waste workers rights.

------------------------------------------------

For those who want to know how long it could take, this is a re-post of my previous discussion with sinner, it contains the SCC Acts with times:

http://www.mohamoon.com/montada/Default.aspx?action=ArabicLaw&ID=57



Article 35:

The secretary of the SCC record the referred cases and acknowledge the related parties within 15 days.

Article 37:

The acknowledged parties should submit their documents within 15 days of receiving the acknowledgment.

The opposition could reply within the following 15 days.

If they did, then the first party could reply within the following 15 days.

Articles 39 & 40:

The documents get submitted the following day to the commissioners, who prepare the report and submit their report with the reasons.

Article 41:

Within a week from submitting the commissioners report, the SCC set the date for the case and acknowledge all the parties (must give the at least 15 days notice).


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