The Egyptian Exchange (EGX) announced today the registration opening for arbitrators and experts’ tables, who are specialized in the capital market field, to be available for specialists and capital market experts in accordance with the provisions of listing arbitrators and experts issued in accordance with EGX arbitration rules to settle the capital market disputes, which have been approved by EGX’ Board in November 2014.
EGX announced that the Applicant for the arbitrators lists and the experts tables should be a natural person enjoying the eligibility criteria and to possess the scientific and practical sufficient experience in the capital market field, and should not have been dismissed for disciplinary reasons from the service or prevented disciplinary permanently from practicing brokerage or any free profession, or sentenced to a felony or misdemeanor involving moral turpitude crime or sentenced to imprisonment for one of the crimes stipulated in the companies, trade or capital market laws unless he has been rehabilitated.
In this context, Dr. Mohammad Omran, EGX chairman noted that the Egyptian Exchange is focusing on improving the investment climate in general, which calls for substantial procedures aimed at speeding up the process of settling investors disputes without prejudice to the litigation right guaranteed for all.
Omran said, " we are committed to EGX strategy to start recording in this system during the first quarter of 2015 as originally planned “, anticipating that this action will contribute to improve the investment attractiveness of the Egyptian Exchange as one of the leading emerging markets.
From his part, Dr. Wagih Mostafa, EGX deputy chairman stated that the arbitration rules which have been launched by EGX to settle the capital market disputes are compatible with the international rules issued by the United Nations Commission for International Trade Law (UNCITRAL) and their amendments, stressing that registering in experts and arbitrators’ records is twice a year in January and July. The exception will be for the first opening time which will start during February 2015.
For more details about the registration’ form to become an arbitrator or expert, please visit EGX website on the link :
http://www.egx.com.eg/English/newsdetails.aspx?NewsID=134573
FTSE Mondo Visione Exchanges Index:
EGX Begins Registration Of Arbitrators & Experts Dispute For The Stock Market
Date 02/02/2015