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

Highlights The Egyptian Competition Authority (“ECA”) considers the food ordering and delivery electronic platforms market as one of the “promising” digital markets, with an expected growth of up to USD 131,000,000 in 2024. Accordingly, it conducts a market investigation to uncover violations of a key platform operator. In its press release dated 26 May 2022 […]

We are delighted to share our latest contribution to The World Bank's latest report, "Women, Business and the Law 2022". The report is the eighth in a series of annual studies measuring the laws and regulations that affect women's economic opportunity in 190 economies. If you have any questions, please do not hesitate to contact our team members Mohamed […]

We are pleased to announce that we assisted Egyptian Belgian Co. for Industrial Investments, known as Egybelg, in the sale of certain of its assets to Savola Foods Limited, a subsidiary of the Saudi-listed Savola Group. Our team was led by Ragy Soliman, Senior Partner and Co-Head of Mergers & Acquisitions and Capital Markets practice area, assisted by Ahmed […]

Highlights Established in 1966 by virtue of a multilateral treaty formulated by the Executive Directors of the World Bank, the International Centre for Settlement of Investment Disputes (“ICSID”) is the world’s leading arbitration institution devoted to the settlement of the legal international investment disputes between the international investors and states. The ICSID is considered an independent, depoliticized and […]

We are pleased to announce that we assisted Telecom Egypt SAE (TE) sign six new commercial and strategic agreements with Etisalat Misr worth USD 911 million (EGP 17 billion), a step that comes within the framework of a joint cooperation between both parties to maximize their returns and support the development of new technologically advanced services […]

We are pleased to announce that our client Telecom Egypt SAE (TE) has been awarded the Structured Finance Deal of the Year Award for its USD 500 million Syndicated Term Loan Facility extended by syndication led by First Abu Dhabi Bank (FAB) and Mashreq Bank from the GFC Media Group Bonds, Loans and Sukuk Middle East Awards 2022. Our team acted as local […]

Highlights The Financial Regulatory Authority (“FRA”) pioneers the introduction of modern-day transaction concepts in transfer operations of start-ups in its Decree no. 68 of 2022, dated 16 March 2022 (the “Decree”).   Introduction and Background On 13 July 2018, the FRA initially published Decree no.94 of 2018 to govern the rules and procedures for transacting […]

Thank you BEBA Egypt for hosting the very successful Mission to the UK “Road to COP27: Bridging the Implementation and Financing Gap”. It has been a great honour to support your initiative, promoting the development of investments and trade between the UK and Egypt. We would like to sincerely thank HE Dr Rania A. Al-Mashat Minister of International Cooperation, […]

Overview Law no.: 21 of 2022 amending some provisions of Law no.120 of 1982 regulating Commercial Agency and some of Commercial Intermediary business. Issuance date: 11 April 2022 Publication date: 11 April 2022 Entry into force: 12 April 2022 Executive decisions issuance: by the competent minister within six months Compliance period: six months as of the date of executive decisions issuance.   […]

ADSERO takes pride in spreading legal knowledge among our legal community as part of our vision and mission to contribute to legal awareness. Accordingly, we are pleased to share our recent report, titled “Legislation Updates - Q1”. This publication highlights the latest laws and decrees issued in Q1 of 2022. To access the first issue, […]

We are pleased to announce that the 6th of October Dry Port (ODP) project financing, in which ADSERO acted as the Local Counsel for the project company, was awarded IJGlobal Transport Deal of the Year in the MENA region! This revolutionary transaction is the first dry port Public-Private Partnership in the Egyptian transport sector and […]

ADSERO - Ragy Soliman & Partners is proud to announce that we represented the National Bank of Egypt (NBE) and Arab African International Bank (AAIB) in successfully signing an EGP 1.8 billion financing loan to Hassan Allam Properties (HAP) for the development of Swan Lake West (SLW). The financing is set to accelerate construction at […]

ADSERO - Ragy Soliman & Partners is proud to announce that we acted as the Egyptian Local Counsel to Telecom Egypt (TE) in securing a medium-term loan of EUR 150 million (USD 167 million) from the European Investment Bank (EIB). The loan—from the European Union's lending arm—will expand TE’s 4G broadband network by deploying around […]

ADSERO - Ragy Soliman & Partners is proud to announce that we have acted as the Egyptian Local Counsel to the Ministry of Finance of Egypt in the issuance of the first-ever YEN denominated (“Samurai”) bonds in the Japanese market at 60 billion Japanese YEN, equivalent to approximately USD 500 million. Accordingly, the sale makes Egypt the […]