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 […]
We are delighted to share our recognition at the LegalCommunity MENA Awards 2023 in collaboration with ACC Middle East and North Africa. ADSERO received the following awards: - Law Firm of The Year Litigation - Lawyer of the Year Labour - Alia Monieb, Partner A heartfelt thank you to our clients for providing positive feedback. […]
We are pleased to announce the top 3 articles in the law and artificial Intelligence matter . The articles aim to provide a comprehensive and in-depth analysis of the impact of artificial intelligence on the field of law. You can find the articles here.
We advised The Sovereign Fund of Egypt (TSFE) on signing a partnership agreement with Tanweer for Educational Services. to develop the fifth school on Cosmic Village land in the 6th of October City. The partnership entails Tanweer establishing a distinguished French-language school scheduled to commence operations by September 2025, with an enrollment capacity of 2,500 […]
We are thrilled to announce that we acted as the lead legal advisor to Wadi Group Poultry S.A.E and its subsidiaries (“Wadi”), a leading Egyptian Agribusiness, on the investment transaction with Mitsui & Co., Ltd.(“Mitsui”), a global leader in trading and investment group. This strategic investment aims to propel Wadi’s Agribusiness activities in Egypt, one […]
On October 31, 2023, Law No. 175 of 2023, amending Income Tax Law No. 91 of 2005, entered into force. The amendment introduces new tax rates and brackets. To learn more, click on the attachment below. If you have any questions, please do not hesitate to contact our team members, Alia Monieb, Partner and Head of […]
We are pleased to share our latest report highlighting the laws and decrees issued in the third 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 […]
We are delighted to announce that ADSERO has been recognized as a “Recommended Firm” by the IFLR1000 EMEA 2023 rankings. In addition, we are proud to share the individual rankings: - Hossam Gramon, Partner and Head of Banking & Project Finance, has been recognized as "Highly Regarded" in the "Banking" and "Project Finance" practice areas […]
Highlights On 29 October 2023, Egypt issued Law No. 173 of 2023 (the “Law”), providing exemptions from certain provisions outlined in the Importers’ Register Law No. 121 of 1982 (the “Importers’ Register Law”) for companies with less than 51% (fifty-one per cent) ownership by Egyptians or no ownership by Egyptians. The Law represents a […]
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 […]
