We are pleased to announce ADSERO’s contribution to the Chamber's Overview on Banking & Finance 2024. This comprehensive overview explores Egypt’s digital transformation strategy in the banking sector, highlighting key regulatory reforms and the shift towards a cashless economy. Contributors to this article are Hossam Gramon, Partner and Head of Banking & Project Finance, Karima […]

We acted as local counsel regarding Egyptian law for the European Bank for Reconstruction and Development(EBRD) on signing an extension loan agreement of EGP 341 million with Abou Ghaly Motors (AGM). This loan will support AGM in acquiring up to 100 Range-Extended Electric Vehicles to be operated as private taxis under the company's London Cab Egypt services. AGM's […]

We advised the Egypt Education Development Fund Company – a joint venture (JV) established by The Sovereign Fund of Egypt (TSFE) and the Universities Support and Development Authority (USDA) – on partnering with Al Ahly CIRA for Educational Services (Al Ahly CIRA) - a JV established by Al Ahly Capital Holding (ACH) and CIRA Education - to establish a […]

On 1 April 2024, the Ministry of Communications and Information Technology issued decree no. 250 of 2024 (the “Decree”) to introduce a new Chapter Nine titled “Registered Email Service” under the executive regulations (the “Postal Law ER”) of the postal system law no. 16 of 1970 (the “Postal Law”).  This Decree marks a significant milestone […]

We are pleased to announce that ADSERO has been recognised as a “Recommended Firm” for the second consecutive year by the IFLR1000 EMEA 2024 rankings.  In addition, we are proud to share the individual rankings:- Hossam Gramon, Partner and Head of Banking & Project Finance has been recognised as “Highly Regarded” in the “Banking” and “Project Finance” practice […]

We are proud to announce that ADSERO - Ragy Soliman & Partners has acted as the Egyptian Local Counsel to Telecom Egypt (TE), the country's full-service telecom operator, on a USD 200 million loan extended by Banque Misr UAE as Lender, Mandated Lead Arranger, and Facility Agent. Our team was led by Hossam Gramon, Partner; […]

Highlights On 21 May 2024, the Prime Minister issued decree no. 1670 of 2024 regarding the allocation and pricing of industrial lands (the “Decree”), as the validity period of the prices specified in the Prime Minister’s decree no. 3308 of 2022 (the “Previous Decree”) expired on 22 September 2023. The Decree sets forth the regulations […]

For the fourth consecutive year, we are thrilled to announce that ADSERO has been certified as a scheme member recognised by The Law Society of England and Wales. Additionally, ADSERO remains the only law firm in the MENA region awarded the Lexcel accreditation. The Law Society is the independent professional body for solicitors. Lexcel is […]

Highlights During the Cabinet’s meeting held on May 15, 2024, His Excellency Minister of Justice Omar Marwan announced that strict measures had been taken to regulate the sale, in foreign currency, of real estate to foreigners. It was announced that circular no. 41 (the "Circular") was issued on March 25, 2024, by the Real Estate […]

We are proud to be supporting The Distinguished Gentleman’s Ride (DGR), an initiave dedicated to raising awareness and funds for men's health issues, particularly prostate cancer and men's mental health. Globally, prostate cancer is the second most prevalent cancer among men, with 1.4 million new diagnoses annually. Currently, over 10 million men globally are living […]

We acted as lead legal counsel to A15, an early-stage venture fund that invests in pre-seed and seed rounds of start-ups in the MENA region, and the founding shareholders of Link Development, a leading global technology solutions provider, on the sale of a controlling stake to Beyon Solutions, part of the Beyon Group. Our team […]

We are pleased to share our latest report highlighting the laws and decrees issued in the first quarter of 2024. To access the report, click on the attachment below. If you are interested in acquiring a copy of the legislation and keen on remaining up to date with the most recent laws and decrees, sign […]

Introduction In April 2024, two Prime Minister Decrees amended and complemented the waste management regulations in Egypt. The Prime Minister’s Decree No. 1113 of 2024 introduced new amendments to the Executive Regulations of the waste management law No. 202 of 2020 (the “WM Law”) issued by virtue of the Prime Minister’s Decree No. 722 of […]

We advised Matco NV, a Belgian adhesives business, on the acquisition of Synthomer PLC's latex compounds operations. Our team was led by Ragy Soliman, Managing Partner, and Laila Shoukry, Managing Associate. Congratulations to our client, Matco NV, on this achievement. Pleased to have worked alongside our esteemed colleagues from Osborne Clarke, the legal advisors on Dutch Law […]

Introduction The Circular No. 02 of 2024 issued on 28 March 2024 by the Egyptian Electric Utility and Consumer Protection Regulatory Agency (the “EgyptERA”) sets out the framework for private sector participation in the transitional phase of Egypt’s competitive electricity market in line with the electricity law no. 87 of 2015 (the “Electricity Law”),  and its […]