January 9, 2019
From Egypt: New Anti-Cyber and Information Technology Crimes Law Protects Investment and Investors
To top off a year of innovative and advanced legal instruments, the Anti-Cyber and Information Technology Crimes Law (Law No. 175 of the year 2018) has been ratified and published in the official Gazette. The new law addresses issues such as hacking state information systems, committing crimes through information systems, technology, or e-mail, or publishing material online that threatens the country’s security or economy. It is a much needed update from its out-dated 2004 counterpart, which only addressed telecommunications. This made the law inadequate to address modern cyber crimes, which often gave judges difficulty in finding the appropriate legislation to fit alleged crimes. It also undermined key principles such as legal certainty and fairness. Now, this law, even if not directly nor clearly an economic law, can be used to provide assurance for investors and potential business people, as it is a key tool in any modern legal system.
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