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 […]
We are thrilled to announce that ADSERO has won the Litigation Law Firm of the Year in Egypt by Chambers and Partners Middle East Awards 2024. This prestigious award is a testament to our team's hard work and commitment to providing our clients with unparalleled legal services. We sincerely thank our clients for their ongoing support and […]
We are delighted to announce that our client, the Ministry of Finance | Egypt ("MOF"), has been awarded the "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 & ESG Capital Markets Africa 2024 awards. Our team was led by Partners Hossam Gramon and Malak Khalil, assisted […]
We are delighted to announce that ADSERO has once again been recognised by the Chambers and Partners Global Guide 2024. These rankings affirm our commitment to providing exceptional client services and upholding the highest standards of excellence. A heartfelt congratulations to our ranked Partners and dedicated team members whose efforts have led to this well-deserved recognition. To […]
We are proud to announce that our client, Ministry of Finance | Egypt ("MOF"), has been awarded the “Sovereign, Supra & Agency Bond Deal of the Year” for its establishment in the first-ever issuance of RMB-denominated bonds ("Panda Bonds") in the Chinese market at 3.5 billion Renminbi, equivalent to approximately USD 500 million from the GFC Media Group Bonds, Loans […]
Following our recent publication on the Green Hydrogen Projects draft law, we are pleased to share its official approval. Discover the latest legal insights as Egypt paves the way for a sustainable future, offering incentives for Green Hydrogen Projects. Our article outlines the law's intricacies, highlighting Egypt's commitment to eco-friendly growth, reduced carbon footprint, and economic progress. For more details, click on […]
We are proud to have been awarded the “Egypt Deal of the Year” from Islamic Finance News (IFN), one of the most coveted honours in the global Islamic finance and banking industry. The award recognises our work as the lead Egyptian counsel to the Ministry of Finance | Egypt (MOF) in establishing the first Sovereign Sukuk program of USD […]
Introduction In light of the anticipated issuance of the new Egyptian labour law, complementary and related laws are also expected to undergo changes. In this respect, last December, law no. 186 of 2023 (the “Law”) was issued with the primary objective of amending specific penalties outlined in Child Law No. 12 of 1996 (the “Child […]
Introduction On 17 May 2023, the Cabinet of Ministers approved the anticipated package of incentives for green hydrogen and derivative projects established in Egypt. Earlier this year, the draft law regarding investment incentives for green hydrogen projects (the “Draft Law”) was finally approved by Parliament, and it is expected to be enacted into law soon. […]
We advised Akh Gold Limited on its two exploration licenses awarded by the Egyptian Ministry of Petroleum and Mineral Resources and the Egyptian Mineral Resources Authority following the international bid round 1/2020 second round for Gold and Associated Minerals. Our team was led by Partners Ragy Soliman, Malak Khalil, and Sadeem Abdelsalam, Associate. Congratulations to Akh Gold on […]
Introduction As Egypt strives to bolster its foreign currency reserves, legislative changes are anticipated to align with and support this economic initiative, and given that Egypt currently hosts more than 9 million foreigners from more than 133 nationalities, Egypt’s Cabinet has identified an opportunity to regulate residency application fees, contributing further to its financial goals. […]
We are pleased to announce that we have been shortlisted as the Litigation Law Firm of the Year in Egypt by the Chambers and Partners Middle East Awards 2024. Heartfelt thanks to all our clients for their positive feedback; your trust drives our commitment to excellence. A special thank you to our team at ADSERO for their […]
A. Increase of the Minimum Wage for Private Sector Employees Effective 1 January 2024, the Ministry of Planning and Economic Development, through Decree No. 90 of 2023, has raised the minimum wage of private sector employees. The National Wage Council implemented this change on 1 December 2023, increasing the minimum wage from EGP 3,000 (three […]
We are delighted to share our contribution to the Egyptian chapter of Global Legal Group Insights (GLI) - FinTech Laws and Regulations 2023. GLI - Fintech 2023 covers approaches and developments, the Fintech offering in each jurisdiction, regulatory and insurance technology, regulatory bodies, key regulations and regulatory approaches, restrictions, and cross-border business – in 24 […]
Highlights On 9 November 2023, Law No. 178 of 2023 establishing the Egyptian Agency for Export and Investment Guarantee (the “Agency”) was issued (the “Law”). The Law, which entered into force on 10 November 2023, abolishes Law No. 21 of 1992, initially establishing the Export Credit Guarantee of Egypt (the “EGE”), subsequently replacing the EGE […]
