Introduction Law no.143 of 1981 concerning desert lands (the “Desert Lands Law”) has long regulated land ownership in Egypt, imposing strict restrictions on foreign investors seeking to acquire desert lands. However, in a recent legislative development, the Egyptian government has issued on 24-2-2024 law no. 11 of 2024 (the “New Desert Lands Law”), amending specific key provisions […]
We are pleased to announce that the firm's Corporate, Commercial, and M&A practice area has secured Tier 1 ranking for the third consecutive year in The Legal 500 EMEA 2024 edition. The firm has also been ranked in six additional practice areas: Banking & Finance, Dispute Resolution: Litigation, TMT, Projects & Infrastructure, Employment, and Energy. Furthermore, we […]
We advised Parkville Pharmaceutical on a significant minority investment from Admaius Capital Partners (Admaius). The strategic partnership will assist in Parkville Pharmaceutical's regional expansion, leveraging Admaius' network and expertise across Africa. Our team was led by Partners Ragy Soliman and Ahmed Abdelgawad, and Dina Sherif, Counsel, assisted by Yomna Taha, Managing Associate, and Mariam Choukri Fayek, Associate. Congratulations to Dr. Mahmoud Farrag and Dr. Sherif Bassiouny, founders of Parkville Pharmaceutical, on […]
Given the current economic and pricing fluctuations, it is crucial to be aware of the recent legislative changes that have significantly impacted strategic goods trading in Egypt. Cabinet decree no. 5000 of 2023 (the “Strategic Products Decree”) and Ministry of Supply and Internal Trade (the “Ministry”) decree no. 200 of 2023 (the “Trading in Strategic […]
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. […]
