Judgment Enforcement In Egypt For Foreign Companies

For foreign companies in Egypt, winning a case is only step one; the real challenge lies in post-judgment enforcement.

Foreign companies that successfully obtain judgments in Egypt in their favour, sometimes even where the award is expressed in foreign currency pursuant to the underlying contract, frequently discover that enforcement does not automatically translate into payment in that currency. Instead, the central issue becomes how the awarded value is actually realized in practice within the framework of judgment enforcement and foreign currency limitations in Egypt.

Even where courts recognise contractual entitlements denominated in USD or other foreign currencies, this does not necessarily mean that execution will occur in that currency. In practice, judgment enforcement and foreign currency recovery is typically implemented through payment of the equivalent value in Egyptian Pounds (EGP), calculated at the applicable exchange rate at the time of enforcement rather than