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 […]
We advised Elsewedy Capital Holding on the sale of 51% of the share capital of Easy Lease to Al Ahly Capital Holding(ACH), the investment arm of the National Bank of Egypt (NBE). Our team was led by Partners Ragy Soliman, Ahmed Adib, and Hana Awad, Senior Associate, assisted by Ibrahim El Messery, Senior Associate, and […]
We are delighted to share our contribution to the The Legal Industry Reviews (LIR) for its first edition in Egypt. In our chapter titled "Privacy of Information in Egypt's Digital Sphere," our team provides thorough insights into Egypt's new Personal Data Protection Law. This legislation represents a notable step towards safeguarding the privacy of citizens' […]
Introduction In a move by the government to ensure the welfare of employees in the face of current economic developments, whether on a local or an international level and in line with the objective of maintaining a balance between employer and employee interests while providing the necessary employee support, the National Wage Council (the “NWC”) has approved […]
Highlights Egypt’s first pre-merger control regime was officially promulgated by law no. 175 of 2022 (the “Law”). Said Law amended Egyptian Competition Law No. 3 of 2005, granting the Egyptian Competition Authority (the “ECA”) the power to review and approve transactions that meet certain criteria. Our previous publication, available here, offers a simplified, accessible insight into […]
Introduction Law no.143 of 1981 concerning desert lands (the “Desert Lands Law”) has long regulated land ownership in Egypt, imposing strict restrictions on foreign investors seeking to acquire desert lands. However, in a recent legislative development, the Egyptian government has issued on 24-2-2024 law no. 11 of 2024 (the “New Desert Lands Law”), amending specific key provisions […]
We are pleased to announce that the firm's Corporate, Commercial, and M&A practice area has secured Tier 1 ranking for the third consecutive year in The Legal 500 EMEA 2024 edition. The firm has also been ranked in six additional practice areas: Banking & Finance, Dispute Resolution: Litigation, TMT, Projects & Infrastructure, Employment, and Energy. Furthermore, we […]
We advised Parkville Pharmaceutical on a significant minority investment from Admaius Capital Partners (Admaius). The strategic partnership will assist in Parkville Pharmaceutical's regional expansion, leveraging Admaius' network and expertise across Africa. Our team was led by Partners Ragy Soliman and Ahmed Abdelgawad, and Dina Sherif, Counsel, assisted by Yomna Taha, Managing Associate, and Mariam Choukri Fayek, Associate. Congratulations to Dr. Mahmoud Farrag and Dr. Sherif Bassiouny, founders of Parkville Pharmaceutical, on […]
Given the current economic and pricing fluctuations, it is crucial to be aware of the recent legislative changes that have significantly impacted strategic goods trading in Egypt. Cabinet decree no. 5000 of 2023 (the “Strategic Products Decree”) and Ministry of Supply and Internal Trade (the “Ministry”) decree no. 200 of 2023 (the “Trading in Strategic […]
On 10 January 2024, the Ministry of Transport issued Decree No. 654 of 2023, regulating the land transport of goods and freight-forwarding using information technology, domestically and internationally. Mirroring the impact of the Ride-Hailing Law No. 87 of 2018, which streamlined the operations of industry giants like Uber and Careem, the Land Transport Regulatory Authority Regulations (“LTRA […]
