Matouk Bassiouny law firm published an interesting article on M&A transactions in Egypt where data is the main company asset, on IFLR here. With the entry into force of the Egyptian Private Data Protection Law in 2020 (PDPL), which is based on the EU General Data Protection Regulation, rights of Egyptian data subjects are upheld and the control and processing of their personal data must be respected not only in Arab Republic of Egypt but also internationally since the Law has extraterritorial application.
In due diligence processes for M&A transactions targeting data-intensive businesses, accurate review has to be performed even in areas not yet regulated in Egypt. For instance, PDPL Executive Regulations have yet to be drafted and a data regulatory authority has yet to be established. Therefore the interpretation of the Law and M&A processes must be inspired by international practices. In the article at hand, Matouk Bassiouny offers useful guidance .