Egyptian Exchange Starts Its Program For Economic Courts’ Judges In Cooperation With German Foundation fFr International Cooperation

Tuesday, 5 December 2017

The Egyptian Exchange started its introductory program to Judges in Economic Courts, which aims at reviewing the most important mechanisms and frameworks governing the capital market in terms of trading inside and outside the cabin. This comes in cooperation with the German Foundation for International Cooperation (GIZ). The opening session of the training was attended by Mr. Mohamed Farid-EGX Chairman, Counselor Ahmed Khairi, Assistant Minister of Justice for the Economic Courts Sector, Dr. Khaled Serri Seyam, Professor of Criminal Law and former Chairman of EGX.

At the beginning of the meeting, Counselor Ahmed Khairy thanked EGX and GIZ for organizing this event and expressed his hope that it will contribute in raising awareness and helping judges to improve their performance in Economic Courts.

During his speech, Mr. Mohamed Farid stressed on the importance of the Economic Courts and their main role in raising the efficiency of the capital market in particular and improving the investment and business environment in general. He pointed out the keenness of EGX management to cooperate effectively with any of the concerned authorities in the Ministry of Justice to increase the speed of litigation process. Pointing out that the studies that were prepared in this context showed that any reduction of the litigation period, or improvement in the speed of enforcement of contracts, will contribute to improving the ranking of Egyptian indicators of the business environment issued by international institutions. It also greatly supports the ability of the Egyptian economy to attract direct and indirect foreign investments, thus achieving economic growth and development target.

For his part, Prof. Khalid Serri Siam expressed his happiness to participate in this program as he belongs to both judiciary sector and the capital market, and his happiness of having a role in the drafting of the law governing and organizing the role of Economic Courts.

It is worth mentioning that EGX management had signed an MOU with the German Foundation for International Cooperation last week, which aimed at organizing awareness programs of the mechanisms and frameworks governing the capital market, which will be presented to the new judges in the Economic Courts.