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ARTICLE · 30 MARCH 2023

Compensation For Contracting And Supply Agreements

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On December 26, 2022, Egyptian President Abdel Fattah El-Sisi approved Law No. 173 of 2022 concerning compensation for public contracting, supplies, and services agreements.

EgyptLitigation, Mediation & Arbitration
Noor Mahdy
Noor Mahdy

On December 26, 2022, Egyptian President Abdel Fattah El-Sisi approved Law No. 173 of 2022 concerning compensation for public contracting, supplies, and services agreements. This law addresses sustainable methods and mechanisms for providing legal compensation to parties contracting with the state if they are affected by economic decisions, during any period specified by a decision from the Cabinet of Ministers, that results in a financial imbalance in contracts involving the state or any of its subsidiary companies.

The law establishes a permanent committee called the "Supreme Compensation Committee," headquartered in the Ministry of Housing, Utilities & Urban Communities, specializing in determining the criteria, regulations, and rate of compensation. Upon request from the affected contractor, the law stipulates that compensation shall be disbursed by the entity designated by the Cabinet of Ministers without resorting to litigation.

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