Comment by Sarie-Eldin & Partners on the settlement agreement between the Ministry of Finance and Global Telecom Holding
It was a privilege for Sarie-Eldin & Partners Legal Advisors to represent the Ministry of Finance on the settlement of the tax dispute between the Egyptian Tax Authority and Global Telecom Holding, a company listed on the Egyptian Stock Exchange.
The firm commented on the signing of the settlement agreement as follows:
“The settlement was completed in a professional legal environment, with full transparency by both parties. The settlement was concluded in a manner that guarantees the rights of the Egyptian government represented by the Ministry of Finance and at the same time confirms the government's respect for investors and its commitment to create a positive atmosphere that helps them to freely expand their investments in a sound legal framework”.
The firm praised the positive efforts of the Ministry of Finance team and their outstanding competence in exercising their functional and technical duties.