Privatisation and the Creation of a Market Based Legal System: The Case of Egypt (Social, Economic and Political Studies of the Middle East and Asia) (Social, ... Studies of the Middle East and Asia)

Contents......Page 6
Acknowledgements......Page 12
Preface......Page 14
What is Privatisation?......Page 18
Privatisation in emerging economies......Page 19
Legal consequences of Privatisation in emerging economies......Page 20
Introduction......Page 26
1. The constitution and the privatisation process......Page 27
2. Constitutional protection of private property......Page 30
2. Private property in Egyptian law......Page 31
1. Civil law......Page 32
2. Administrative law......Page 37
3. The Law of Investment Guarantees and Incentives of 1997......Page 40
1. Constitutional reform......Page 47
Conclusion......Page 51
1. The relevance of stock markets......Page 53
2. Egyptian Capital Market Law......Page 55
1. The main features of law 95 for 1992......Page 56
2. Regulating the market......Page 59
3. A critique of the current law and practice......Page 60
1. Approaching reform: aspirations, needs and prevailing conditions......Page 65
2. Designing a securities law......Page 69
4. A framework for a securities law in Egypt......Page 72
1. Disclosure regulation......Page 73
2. Insider trading......Page 84
3. Market manipulation......Page 90
Conclusion......Page 95
Introduction......Page 97
1. The law on taking security......Page 99
2. A critique of the current law and practice......Page 107
1. The Model Law on Secured Transactions......Page 114
2. Article 9 of the American Uniform Commercial Code......Page 124
3. Reforming the law on secured transactions......Page 129
1. Reform efforts in Egypt......Page 130
2. A proposed framework for a law on secured transactions......Page 135
Conclusion......Page 149
Introduction......Page 151
1. The role and function of competition law in market economies......Page 152
1. Arguments against the need for competition laws in emerging economies......Page 157
2. The validity of the arguments against competition laws......Page 160
1. Common issues......Page 163
2. International experiences......Page 172
1. Causes for delay......Page 180
2. Introducing a law: problems and challenges......Page 182
3. Draft law(s)......Page 184
Conclusion......Page 185
Introduction......Page 190
1. Bankruptcy law in a market economy......Page 191
2. Egyptian Bankruptcy law: a dual system......Page 193
1. Historical development......Page 194
2. The new bankruptcy law of 1999......Page 205
3. A critique of the new law......Page 208
3. Reforming bankruptcy law: a general overview......Page 212
1. International experience with reference to Hungary......Page 213
2. Adopting Western bankruptcy models......Page 217
3. Privatisation and bankruptcy reform: the why and the how?......Page 220
1. Aims of bankruptcy law......Page 224
2. Achieving the aims of the law......Page 225
Conclusion......Page 234
Introduction: The relevance of judicial reform......Page 236
1. The Egyptian judicial system......Page 238
1. Drawbacks of the system......Page 239
1. Reforms carried out by the Ministry of Justice......Page 245
2. Recommended reforms......Page 246
1. Preliminary issues......Page 253
2. A long term comprehensive plan......Page 254
3. Establishing a commercial court......Page 265
Conclusion......Page 271
Conclusion and Recommendations......Page 273
Bibliography......Page 288
E......Page 304
N......Page 305
W......Page 306