Egypt Financial Regulatory Authority highlights arbitration reforms including electronic proceedings and expedited cases up to EGP 25 million

The Egypt Financial Regulatory Authority published opening remarks by Chairperson Islam Azzam at the Egyptian Arbitration Day conference, in which he presented arbitration as a key tool to improve the investment climate and reduce the burden and cost of court litigation. The speech also pointed to a recent Prime Minister decision amending the statute of the Egyptian Center for Voluntary Arbitration and Settlement of Non-Banking Financial Disputes, introducing electronic arbitration rules for remote and confidential proceedings and an expedited arbitration track for disputes of up to EGP 25 million. Azzam said global economic developments have increased the importance of consensual dispute resolution through arbitration and mediation, citing international studies indicating that around 90% of companies prefer arbitration and 60% prefer to combine it with other alternative methods. He linked the development of arbitration in Egypt to the Authority’s broader priorities for non-banking financial activities, including wider use of financial technology under Law No. 5 of 2022, and said the Authority will continue to support the regulatory and legislative framework for dispute resolution while calling for greater awareness of legislative developments, international practice and stronger coordination among legislative and supervisory bodies, financing institutions and the legal community.