Establishment of Economic Courts in Egypt

Abstract

No one can deny that Phenomenon of the Slow Pace of Litigation expands to include all wings of the judicial system, Civil, Criminal, and Administrative issues. And extends deeper to affect all categories of litigants: Rich and Poor, Men and Women. To paint a dark picture of what could be called a Crisis of Justice in Egypt.So, Egyptian legislator created special Economic Courts to solved this disputes, and to avoid its negative effects, by Law No. 120 of 2008. Which decide that this kind of litigation can be solve by judges specialized in this kind of litigation, To encourage investment, and achieve a safe environment for investment, provide maximum protection for economic activity and help develop the plans and ensure justice.The Economic Court Law entered into force in October 2008. Establishes Economic Courts in each Court of Appeal Circuit. which consists of Courts of First Instance, Courts of Appeal. These courts have a jurisdiction over criminal cases stemming from investment operations, consumer protection, commercial, banking transactions. The Economic Court system is a three-tiered system, with first instance, intermediate, and final appellate courts. And Each Trial Chamber should be composed of three presidents of courts of first instance, consists each of the Chambers of Appeal of three judges of the appellate courts to be at least one of whom is President of the Court of Appeal.So, I will discuss the steps taken by the legislature to set up Economic Courts in Egypt.