We are thrilled to announce that we have been selected as the Rising Star Law Firm in the MENA region by IFLR. This award is a recognition of all our team’s hard work and outstanding performance over the past three years. We would like to thank our ADSERO family and clients for their continuous support, and […]

We are delighted to announce that we assisted Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, in acquiring a 34% minority stake in consumer electronics and household appliances retailer B.TECH from Africa-focused investment firm Development Partners International (DPI). Our team was led by Ragy Soliman, Managing Partner and Co-Head of M&A and Capital Markets, Ahmed Abdelgawad, Partner and Co-Head of […]

We are delighted to share that ADSERO’s team is the exclusive contributor to the Egypt Chapter in The Legal 500's “TMT Comparative Guide 2022.” The authors of this chapter are Ahmed Abdelgawad, Partner and Co-Head of M&A and Capital Markets, Senior Associates Darah Zakaria and Dina Sherif, and Ali Shohayeb, Associate. This guide aims to provide its readers with a pragmatic […]

Introduction Over the last years, the Egyptian government has led structural reform in numerous industries to support the Sustainable Development Goals and Egypt Vision 2030 to attract investment in strategic sectors. In addition, to streamline and facilitate licensing requirements, two Cabinet Decrees have been issued over the last three months regarding the Golden License, a […]

We are delighted to announce that we have acted as external local counsel to EBRD in signing their latest green project with Abou Ghaly Motors (AGM). The financing extended by EBRD to AGM will be utilized to expand AGM’s fleet of electric London cab vehicles. EBRD’s latest financing will help strengthen AGM’s Green Growth plans for the transportation […]

Recently, the Minister of Environment issued a decree applying to the Waste Management Law no. 202 of 2020, specifying the fees for issuing the licenses and approvals for waste management activities, which entered into force on 24 August 2022. Click on the attachment below to learn more about the highlights of the decree, concerned entities, […]

Highlights On 21 August 2022, the Prime Minister (the “PM”) issued Decree no. 56 of 2022 (the “Decree”), effective as of 22 August 2022, which directly impacts the investment environment in Egypt. The Decree aims to specify the criteria and conditions upon which an Investment Project can be considered national or strategic (the “Investment Project”) […]

The Evolution of the Legal Practice The concept of practising modern-day law has evolved significantly compared to when it was first established during ancient times. Nowadays, the legal profession is considered one of the world’s most prestigious vocations. In the pharaonic area, for example, disputing parties pleaded their cases directly before a governmental authority. However, […]

We are pleased to have advised EFG Hermes Holding’s leading Buy-Now, Pay-Later (BNPL) arm, valU, on the acquisition of Paynas, a FinTech and digital HR platform. The transaction aligns with valU’s strategy to grow the business and enhance its tech power, allowing it to reach Paynas’s large and growing base of micro, small, and medium enterprises (MSME). Our team was […]

We are delighted to have assisted Ezdehar Management in acquiring approximately 60% of the Zahran Market chain through the Ezdehar Middle Capital Fund II. This investment is part of Ezdehar’s strategy to invest in and support transformational growth for mid-sized companies. Our team was led by Ragy Soliman, Managing Partner and Co-Head of Mergers & Acquisitions and Capital Markets practice area, assisted […]

We are delighted to announce that we assisted Telecom Egypt (TE) in signing a commercial agreement with Orange Egypt for national roaming services. Our team was led by Ahmed Abdelgawad, Partner and Co-Head of Mergers & Acquisitions and Capital Markets practice area, assisted by Nariman Roushdy, Senior Associate, and Nayera Hassan, Junior Associate. For more information, you can check TE’s coverage here.

Highlights On 28 July 2022, the President ratified Law No. 154 of 2022 (the “Amendment”) amending the Anti-Money Laundering Law No. 80 of 2002 (“AML Law”). The Amendment was published on 28 July 2022 in the Official Gazette and entered into force on 29 July 2022.   Scope of Application The main amendments and additions […]

We are delighted to share our latest report highlighting the laws and decrees issued in the second quarter of 2022. 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 […]

We are pleased to share our most recent report highlighting the critical decisions the Board of Directors issued by the Financial Regulatory Authority (FRA) during the first half of 2022. To access the first issue, click on the attachment below.    

Overview Decree no.: 2184 of 2022 Summary: Prime Minister Decree implementing “requirements of Real Estate Development units’ sales for the protection of clients’ rights” Issuance date: 16 June 2022 Entry into force: 17 June 2022   Highlights  A significant Prime Minister Decree was issued on 16 June 2022 (the “Decree”), implementing new regulations and requirements (the “Regulations”) that apply to the real […]