November 7, 2023
ADSERO Assists Ministry of Finance Issue First-Ever Panda Bonds in Chinese Market

ADSERO - Ragy Soliman & Partners is proud to announce that we have acted as the Egyptian Local Counsel to the Egyptian Ministry of Finance (MOF) 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. Accordingly, the sale makes Egypt the […]

November 7, 2023
ADSERO Assists Ministry of Finance in the Second Issuance of the YEN Denominated Bonds in Japanese Market

ADSERO - Ragy Soliman & Partners is proud to announce that we have acted as the Egyptian Local Counsel to the Egyptian Ministry of Finance (MOF) in the second issuance of the YEN-denominated bonds (“Samurai Bonds”) in the Japanese market at 75 billion Japanese YEN, equivalent to approximately USD 500 million. Our team was led by Hossam Gramon, […]

October 18, 2023
ADSERO Awarded Debt-Equity Deal of the Year by IFLR MENA Awards 2023

We are delighted to share that we have won Debt - Equity Deal of the Year presented by IFLR Awards Middle East. This is a testament to the unwavering dedication, resilience, and hard work of our truly exceptional team! About the deal: ADSERO represented the Ministry of Finance in Egypt (MOF) as local Egyptian counsel with regards to […]

October 11, 2023
The Establishment of the Egyptian Authority for Intellectual Property ("IP"): a New Strategy Towards the Centralization of IP Protection

Highlights In the spirit of government-led reforms in Egyptian legislation, a significant legal development occurred on 6 August 2023, with the issuance of Law No. 163 of 2023 (the “Law”), establishing the Egyptian Authority for Intellectual Property (“EAIP”). EAIP shall report directly to the Prime Minister and will have jurisdiction over all matters related to […]

October 9, 2023
ADSERO Announces Five New Partners

ADSERO - Ragy Soliman & Partners is delighted to announce the promotion of several talented individuals to the firm’s partnership. These promotions reflect our commitment to nurturing talent and fostering professional growth, which enables us to deliver outstanding legal services to our clients. As our firm continues to expand its presence in the legal industry, […]

October 8, 2023
Major Amendments to Tax Legislations: A New Strategy Towards Restructuring The Income Tax System

Highlights On 15 June 2023, Law No. 30 of 2023 (the “Law”) was issued, introducing significant amendments (the “Amendments”) to the following tax legislations: Law No. 91 of 2005 regarding the income tax; and Law No. 182 of 2020 regarding the abolishment of the exemptions on income tax granted on the yields of treasury bills […]

September 26, 2023
The Amendment to the Investment Law: A New Strategy Towards Widening Investment Incentives

Highlights On 25 July 2023, Law No. 160 of 2023 was issued, introducing significant changes (the “Amendment”) to Law No. 72 of 2017, issuing the Investment Law (the “Investment Law”). The Amendment, which entered into force the following day, on 26 July 2023, primarily concerns the general investment incentives and adds special incentives that investment […]

September 11, 2023
Legislative Circular Update – Issue Q2-2023

We are pleased to share our latest report highlighting the laws and decrees issued in the second 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 […]

July 17, 2023
Legislative Update: FRA Issues Key Decrees Regulating the Licensing And Regulatory Framework of Fintech Services In Egypt

The Egyptian Financial Regulatory Authority (FRA) has delivered on its mandate to invigorate the non-banking financial services industry by issuing three core decrees regulating e-contracts, digital identity and e-KYCs, and digital security requirements. Throughout this publication, our team of legal experts in fintech explore the various aspects of the new regulatory regime's vision. The contributors […]

July 15, 2023
Legislative Update on The Regulations and Licensing of Digital Banks in Egypt

In a major step towards digital transformation, the Central Bank of Egypt issued a circular on 12 July 2023 regulating the licensing, registration, and supervision of Digital Banks in Egypt. The Circular is issued in conformity with the CBE’s long-standing financial technology transformation and innovation agendas. It is expected to alter the Egyptian banking landscape […]

July 11, 2023
ADSERO Awarded The Lexcel Quality Mark by The Law Society of England and Wales for the third consecutive year

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 third 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 solicitors. Lexcel is their legal […]

July 6, 2023
Financial Regulatory Authority (FRA) Decisions During the First Half of 2023

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 2023. To access the first issue, click on the attachment below.  

June 26, 2023
Brief on the Approved Updated Draft of the New Labour Law

Introduction The Senate initially approved a new draft of the labour law, to be issued soon, entirely replacing the current labour law no. 12 of 2003 (the “Draft Law”).   Overview This alert briefly sheds light on the key revisions introduced to the Draft Law by the Senate compared to the previously published draft (earlier […]

June 25, 2023
Ministry of Finance Recent Decrees II

Amendments to the Executive Regulations of the Customs Law The MoF issued the following Decrees introducing amendments to the ER of the Customs Law, issued by virtue of the MoF Decree No. 430 of 2021: 1. Decree No. 209 of 2023 (the “Decree”) Issuance Date: 19 April 2023. Purpose: The Decree has added new provisions to […]

June 22, 2023
Amendment to the Minimum Wage of Private Sector Employees

Introduction On 19 June 2023, the National Wage Council (the "NWC") held a meeting chaired by Dr Hala El-Said, the Minister of Planning and Economic Development, in the presence of, among others, Dr Hassan Shehata, the Minister of Labour, Dr Saleh El Sheikh, Head of the Central Agency for Organization and Administration and Mr Khairat […]


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