Egypt Cabinet approves commitee to negotiate with Switzerland over frozen assets

Ahram Online, Sunday 28 Aug 2011

A judicial committee to be formed to negotiate with Switzerland over the restoration of frozen assets

The Egypt Cabinet has approved the creation of a judicial committee, as proposed by the Supreme Council of the Armed Forces. The committee is to start negotiations with Switzerland over a deal to restore Egypt’s frozen assets, in accordance with Swiss law.

The Swiss Parliament issued a law in 2010 which allows the refunding of illegal assets. The law has been in effect since February 2011.

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