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ARTICLE · 04 JANUARY 2023

Downsizing Business In Egypt

Youssry Saleh Law Firm
Youssry Saleh Law Firm
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Youssry Saleh Law Firm

Youssry Saleh Law Firm

Youssry Saleh Law Firm, based in Cairo, has been operating since 1985. During 40 years of practice...

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Due to the critical and difficult circumstances of the coronavirus pandemic, most companies downsized their businesses as a result of the economic impact that has negatively affected...

EgyptCorporate/Commercial Law
Youssry Saleh & Partners
Youssry Saleh & Partners
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Due to the critical and difficult circumstances of the coronavirus pandemic, most companies downsized their businesses as a result of the economic impact that has negatively affected the majority of businesses.

Notwithstanding, downsizing is not always involuntary; some companies, at different stages of their development, may resort to downsizing their business for various reasons. For instance, a company may resort to this process due to the increase in capital from its actual need, or because of the loss it incurs, and so on.

Among what has been approved under the Egyptian Companies Law No. 159 of the year 1981 and its Executive Regulations, companies shall be entitled to downsize their business at any time. However, the procedure will not take place unless certain requirements are met.

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