| | Sharkawy & Sarhan Newsletter Issue 114, 19 July 2020 |
| On 17 July, Egypt issued the first and long-awaited data protection law no. 151 of 2020 (the “DP Law”).
The law as issued is not perfect, but then neither is the GDPR. At least now we have something we can work with. It is a good start.
The DP Law only covers personal data in digital form. The law excludes the Central Bank of Egypt (“CBE”), and most of the entities subject to the supervision of the CBE, from the scope of its application.
There is a minimum grace period of 21 months for companies to comply with the DP Law.
The DP Law includes an obligation on companies to appoint a data protection officer as an employee or else face financial penalties of up to 2 million Egyptian Pounds (around USD 125,000).
The law also imposes licensing requirements for data processing, data control, dealing in sensitive data, electronic marketing, and cross-border transfer of data.
These are the five key points you need to know about the DP Law...
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| | | Ahmed El Sharkawy - Partner
Ahmed leads the TMT group at Sharkawy & Sarhan. Ahmed works with major financial institutions and technology companies.
He advises companies on complex commercial and regulatory projects, digital payments, cloud computing, ride hailing, data privacy and security, artificial intelligence, E-signature and mergers and acquisitions in the TMT sector.
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Building 2, Gamal Abdel Nasser Axis,Fifth Settlement, Postal Code 11865, Cairo, Egypt.
Tel : +202 2322 5400 Fax : +202 2322 5401
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