{"id":3777,"date":"2011-05-23T07:53:12","date_gmt":"2011-05-23T07:53:12","guid":{"rendered":"https:\/\/wordpress-1226656-4371204.cloudwaysapps.com\/?p=3777"},"modified":"2011-05-23T07:53:12","modified_gmt":"2011-05-23T07:53:12","slug":"appeal-of-the-invalidity-of-tanta-flax-contract-claiming-to-return-it-to-public-funds","status":"publish","type":"post","link":"https:\/\/ecesr.org\/en\/appeal-of-the-invalidity-of-tanta-flax-contract-claiming-to-return-it-to-public-funds\/","title":{"rendered":"Appeal of The Invalidity of Tanta Flax Contract, Claiming To Return It to Public Funds"},"content":{"rendered":"<p style=\"text-align: center;\"><a href=\"https:\/\/ecesr.org\/contents\/uploads\/2011\/05\/-\u0644\u0644\u0643\u062a\u0627\u0646-e1306136909378.jpg\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-medium wp-image-3775  aligncenter\" title=\"\u0627\u0639\u062a\u0635\u0627\u0645 \u0639\u0645\u0627\u0644 \u0634\u0631\u0643\u0629 \u0637\u0646\u0637\u0627 \u0644\u0644\u0643\u062a\u0627\u0646 - \u0635\u0648\u0631\u0629 \u0627\u0631\u0634\u064a\u0641\u064a\u0629\" src=\"https:\/\/ecesr.org\/contents\/uploads\/2011\/05\/-\u0644\u0644\u0643\u062a\u0627\u0646-e1306136909378-300x242.jpg\" alt=\"\" width=\"300\" height=\"242\" \/><\/a><\/p>\n<p style=\"text-align: left;\">The Egyptian Center for Economic and Social Rights and\u00a0\u00a0 Wael Hamdi Alsaid\u00a0 law house \u00a0today filed the complaint\u00a0 34 248 \/ 65jy on behalf of workers of Tanta Flax and Hamdi elFakharany\u00a0 claiming \u00a0the invalidity of the selling contract of Tanta flax Company to the Saudi investor Abdulilah alKahky.<\/p>\n<p style=\"text-align: left;\">\n<p style=\"text-align: left;\">The complaint stated that the company&#8217;s shares were \u00a05,910,000  , the holding company for chemical industries owned 3,352,870 shares ,  the National Investment Bank, represented by the minister of finance as  chairman of the board owns 2,557,130 shares.<\/p>\n<p style=\"text-align: left;\">All shares were sold \u00a0in full with the amount of EGP 83 million , under the following terms:<\/p>\n<p style=\"text-align: left;\">\n<p style=\"text-align: left;\">Advance  payment : EGP 33,200,0000 representing 40% of the total. This amount  has been paid by four checks (copies attached). The selling contract is  only valid after checked have been cashed.<\/p>\n<p style=\"text-align: left;\">The remaining EGP 498 million plus the deferral revenue are payable in 3 installments,<\/p>\n<p style=\"text-align: left;\">\nThe selling price has been decided by  the financial position of the company on 30\/6\/2004. The price was  calculated according to the book value reduced by annual depreciation  rates. The pricing did not abide with the rules set forth in the law of  auctions and tenders and the law of the public business sector.<\/p>\n<p style=\"text-align: left;\">\n<p style=\"text-align: left;\">The appeal said that the company has nine plants (thick wood \u2013 thin wood &#8211; linen \u2013 thin string &#8211;\u00a0 thick string &#8211; oil products \u2013 home furniture \u00a0&#8211; urea \u2013 conter wood). All nine plants were operating at full capacity in selling time having \u00a02000 workers. Today more than 1500 workers were laid off and only 2 plants are running\u00a0 : thin wood high\u00a0 and linen).<\/p>\n<p style=\"text-align: left;\">\n<p style=\"text-align: left;\">In conclusion, the appeal requested \u00a0to  stop the implementation of the decision to sell Tanta Flax and Oil with  the consequent effects such as the invalidity of the selling contract  between representatives of\u00a0 public funds and \u00a0the buyer . Both parties should return to the state prior to contract. All company assets and property have to be recovered free of \u00a0all  mortgages , debt that the buyer may have made . All workers must return  to their positions prior to selling and to be paid all rights from  contract \u00a0date to the date of execution of the  sentence. The buyer will be held liable for all debts and commitments  which may have been arranged during the duration of the contract .<\/p>\n<p style=\"text-align: left;\">\nThe  Egyptian Center for Economic and Social Rights said ,&#8221; We won the case  of Omar Effendi, in which the court decided the invalidity of the  selling contract \u00a0. The case was filed by Hamdi elFakharany , the defense \u00a0team was composed of \u00a0of Wael Hamdi elSaid law house \u00a0and  lawyers of the Egyptian Center for Economic and Social Rights.  Apparently, ECESR has received dozens of requests from workers to  recover\u00a0 public sector companies that were sold in violation of the\u00a0 law. ECESR defense team is working on the\u00a0 documents and preparing appeal \u00a0suits .<\/p>\n<p style=\"text-align: left;\">\n","protected":false},"excerpt":{"rendered":"<p>The Egyptian Center for Economic and Social Rights and\u00a0\u00a0 Wael Hamdi Alsaid\u00a0 law house \u00a0today filed the complaint\u00a0 34 248 \/ 65jy on behalf of workers of Tanta Flax and Hamdi elFakharany\u00a0 claiming \u00a0the invalidity of the selling contract of Tanta flax Company to the Saudi investor Abdulilah alKahky. The complaint stated that the company&#8217;s &hellip;<\/p>\n","protected":false},"author":11,"featured_media":3775,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[845],"tags":[],"coauthors":[],"class_list":["post-3777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Appeal of The Invalidity of Tanta Flax Contract, Claiming To Return It to Public Funds | \u0627\u0644\u0645\u0631\u0643\u0632 \u0627\u0644\u0645\u0635\u0631\u0649 \u0644\u0644\u062d\u0642\u0648\u0642 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629 \u0648\u0627\u0644\u0627\u062c\u062a\u0645\u0627\u0639\u064a\u0629<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ecesr.org\/en\/appeal-of-the-invalidity-of-tanta-flax-contract-claiming-to-return-it-to-public-funds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Appeal of The Invalidity of Tanta Flax Contract, Claiming To Return It to Public Funds | \u0627\u0644\u0645\u0631\u0643\u0632 \u0627\u0644\u0645\u0635\u0631\u0649 \u0644\u0644\u062d\u0642\u0648\u0642 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629 \u0648\u0627\u0644\u0627\u062c\u062a\u0645\u0627\u0639\u064a\u0629\" \/>\n<meta property=\"og:description\" content=\"The Egyptian Center for Economic and Social Rights and\u00a0\u00a0 Wael Hamdi Alsaid\u00a0 law house \u00a0today filed the complaint\u00a0 34 248 \/ 65jy on behalf of workers of Tanta Flax and Hamdi elFakharany\u00a0 claiming \u00a0the invalidity of the selling contract of Tanta flax Company to the Saudi investor Abdulilah alKahky. The complaint stated that the company&#8217;s &hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ecesr.org\/en\/appeal-of-the-invalidity-of-tanta-flax-contract-claiming-to-return-it-to-public-funds\/\" \/>\n<meta property=\"og:site_name\" content=\"\u0627\u0644\u0645\u0631\u0643\u0632 \u0627\u0644\u0645\u0635\u0631\u0649 \u0644\u0644\u062d\u0642\u0648\u0642 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629 \u0648\u0627\u0644\u0627\u062c\u062a\u0645\u0627\u0639\u064a\u0629\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ecesr\/\" \/>\n<meta property=\"article:published_time\" content=\"2011-05-23T07:53:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ecesr.org\/wp-content\/uploads\/2011\/05\/\u0644\u0644\u0643\u062a\u0627\u0646-e13061369093781-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"2066\" \/>\n\t<meta property=\"og:image:type\" 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