The court's cancellation of the Omar Effendi deal followed other rulings to scrap state land sales. In those rulings, issued both before and after Mubarak was ousted on February 11, the state was found to have sold land directly rather than at auction. This led to sales below market prices.
May 7, 2011
A court has annulled a 2006 deal to sell Egypt's historic Omar Effendi department store chain to a Saudi investor, the state news agency MENA said on ...
Aug 1, 2013 · Appeal Court declares 2006 sale of historical department store Omar Effendi void.
In 2010, a case was filed against the buyer before the Administrative Court, claiming that the contract for the sale of Omar Effendi was null and void. While ...
A void sale is a sale which is invalid in itself. q. 111. A conditional sale is ... Effendi, or that he inherited it from his father, which is the reason for ...
However, the Administrative Court alleged in Omar Effendi that the arbitration clause in article 20 of the Omar Effendi sales contract is null and void.
... sale of Omar Effendi was null and void. While the Court concurred with this claim, its decision was criticized on several grounds: competence; arbitrability ...
In Omar Effendi, the court considered the sale in violation of the Public Tenders law. The seized court inferred corruption from a downward variation in the.
Jan 25, 2023 · Like Islamic law, while a contract for the sale of property in this instance is not void, it is voidable. ... Effendi, n.d.) vol. 23 p.49). ↑ ...