We are delighted to announce that we have served as the legal counsel for Telecom Egypt (TE) in the successful sale of 10% of TE's shares on the Secondary Market at EGX, with an approximate value of EGP 4 billion. The offering, which is divided into two tranches, with 9.5% allocated to qualified investors and […]

  Highlights The much-anticipated executive regulations (the “ERs”) of the hotels and touristic establishments law no. 8 of 2022 (the “Law”) was issued by the Prime Minister on 21 February 2023 and entered into force the following day. The ERs repeal the prior ERs, in force since 1973. Furthering the Egyptian government’s plan to promote […]

We are delighted to share our latest contribution to The World Bank's latest report, "Women, Business and the Law 2023". The report is the ninth in a series of annual reports that analyze laws and regulations affecting women’s economic opportunity in 190 economies. The contributors to this report are Mohamed Abdelgawad, Partner and Head of Corporate, Commercial and Regulatory, Alia Monieb, Counsel […]

We are pleased to announce that our client, the Egyptian Ministry of Finance (MOF) been awarded the Global Sovereign Sukuk Deal of the Year for its establishment of the first Sovereign Sukuk program of USD 5 BN from the GFC Media Group Bonds, Loans and Sukuk Middle East Awards 2023. Our team was led by Hossam Gramon, Partner […]

The Ministry of Finance recently issued decree no. 160 of 2023 providing guidelines concerning the value-added tax due on digital and other services that are remotely provided by non-residents in Egypt. The Guide’s first edition was issued on 22 March 2023 and will enter into force on 22 June 2023. For more information, please click […]

We are pleased to share our latest report highlighting the laws and decrees issued in the first quarter of 2023. 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 […]

The Central Bank of Egypt (the “CBE”) has recently issued a revolutionizing circular (the “Circular”) regulating the provision of Payment Cards Tokenization Services on Electronic Devices Applications (the “Tokenization Services”) in the Arab Republic of Egypt (the “ARE”). The Circular effectively allows, subject to certain requirements and approvals, contactless payments utilizing tokens generated through electronic […]

Since the beginning of 2023, the Ministry of Finance has reformed some tax and customs related regulations. The reforms relate to the customs law; the unified tax procurement law; and the VAT law. Some of the amendments grant more benefits to the addressees as well as introduce new provisions. For more information, please click the […]

We are proud to announce that ADSERO's Dispute Resolution: Litigation practice area has been ranked by the Chambers and Partners Global Guide 2023 as the top-tier department for the third consecutive year. In addition, we are delighted to share that our highly distinguished partners have been ranked in their respective fields: - Osman Mowafy in […]

We are proud to announce that we represented the Egyptian Ministry of Finance (MOF) as local legal counsel on the establishment of the first Sovereign Sukuk program of USD 5 BN. The first issuance of USD 1.5 BN attracted an over-subscription of 4X. Our team was led by Hossam Gramon, Partner and Malak Khalil, Counsel, […]

We are excited to share the second issue of our “Women in Law” publications series, titled “Women in Law – ‘Her Honourable Judge’”, covering women as judges and the evolution of women’s representation in Egypt within this field. Stay tuned for more details on our upcoming roundtable to discuss what it takes to be a […]

Highlights The Financial Regulatory Authority (the “FRA”) recently issued Decree No. 11 of 2023 (the “Decree”), which amends the EGX listing and delisting rules. The Decree went into effect on 26 January 2023.   Scope of Application The amendments included in the Decree focus on the following: reducing the time required for companies to amend […]

We are proud to be supporting التعليم أولاً non profit organization. The foundation’s mission is to improve the quality of education in Egyptian public schools by raising the professional competency and awareness levels of individuals working within this field, as well as distinguishing and catering for students in public schools with high academic achievement in […]

We are pleased to announce that we assisted Telecom Egypt (TE) in securing a USD 125 MN financing loan from Mashreq Bank for the purpose of obtaining a license for acquiring 5MHz spectrum in the 1800 MHz band. The deal was led by Hossam Gramon, Partner and Head of Banking, Finance & Projects. For more information, you can check TE’s press release here.

Introduction The Circular No. 3 of 2023 was issued by the Egyptian Electric Utility & Consumer Protection Regulatory Agency (the “EgyptERA”), setting out specific rules and regulations for self-consumption projects (off-grid). The provisions of the circular came into force on 3 January 2023 (the “New Circular”). In line with the Electricity Law No. 87 of 2015, the […]