The Ministry of Finance recently issued decree no. 160 of 2023 providing guidelines concerning the value-added tax due on digital and other services that are remotely provided by non-residents in Egypt. The Guide’s first edition was issued on 22 March 2023 and will enter into force on 22 June 2023. For more information, please click […]

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

The Central Bank of Egypt (the “CBE”) has recently issued a revolutionizing circular (the “Circular”) regulating the provision of Payment Cards Tokenization Services on Electronic Devices Applications (the “Tokenization Services”) in the Arab Republic of Egypt (the “ARE”). The Circular effectively allows, subject to certain requirements and approvals, contactless payments utilizing tokens generated through electronic […]

We are proud to announce that ADSERO's Dispute Resolution: Litigation practice area has been ranked by the Chambers and Partners Global Guide 2023 as the top-tier department for the third consecutive year. In addition, we are delighted to share that our highly distinguished partners have been ranked in their respective fields: - Osman Mowafy in […]

We are proud to announce that we represented the Egyptian Ministry of Finance (MOF) as local legal counsel on the establishment of the first Sovereign Sukuk program of USD 5 BN. The first issuance of USD 1.5 BN attracted an over-subscription of 4X. Our team was led by Hossam Gramon, Partner and Malak Khalil, Counsel, […]

We are excited to share the second issue of our “Women in Law” publications series, titled “Women in Law – ‘Her Honourable Judge’”, covering women as judges and the evolution of women’s representation in Egypt within this field. Stay tuned for more details on our upcoming roundtable to discuss what it takes to be a […]

Highlights The Financial Regulatory Authority (the “FRA”) recently issued Decree No. 11 of 2023 (the “Decree”), which amends the EGX listing and delisting rules. The Decree went into effect on 26 January 2023.   Scope of Application The amendments included in the Decree focus on the following: reducing the time required for companies to amend […]

We are proud to be supporting التعليم أولاً non profit organization. The foundation’s mission is to improve the quality of education in Egyptian public schools by raising the professional competency and awareness levels of individuals working within this field, as well as distinguishing and catering for students in public schools with high academic achievement in […]

We are pleased to announce that we assisted Telecom Egypt (TE) in securing a USD 125 MN financing loan from Mashreq Bank for the purpose of obtaining a license for acquiring 5MHz spectrum in the 1800 MHz band. The deal was led by Hossam Gramon, Partner and Head of Banking, Finance & Projects. For more information, you can check TE’s press release here.

Introduction The Circular No. 3 of 2023 was issued by the Egyptian Electric Utility & Consumer Protection Regulatory Agency (the “EgyptERA”), setting out specific rules and regulations for self-consumption projects (off-grid). The provisions of the circular came into force on 3 January 2023 (the “New Circular”). In line with the Electricity Law No. 87 of 2015, the […]

ADSERO 2022 Year in Review! 2022 has proven to be an eventful year filled with notable deals, awards, recognitions, new team members and numerous achievements. More importantly, we would like to thank our clients for their continuous trust and our talented and hardworking team members who were instrumental to a successful year. Read more about […]

We are pleased to announce the top 3 articles in the COP27 matter. The articles attempt to offer a comprehensive and thorough analysis of “UN Climate Change Conference 2022. You can find the articles here.

Introduction On 28 December 2022, the Financial Regulatory Authority (the “FRA”) issued Decree No. 193 of 2022 (the “Decree”) regulating the issuance by property and liability insurance companies of credit and guarantee insurance policies falling within the scope of the miscellaneous incidents insurance. The Decree came into effect on 13 January 2023.   Overview The […]

We are pleased to announce that we assisted Chimera Investment acquire 45% of GB Lease, a subsidiary of GB Auto, for EGP 855 mn. This transaction comes as the latest episode in a series of investments made by Chimera in the non-banking financial services sector in Egypt and shows its confidence in the Egyptian market and the high prospects of this developing sector […]

We are pleased to announce that we assisted The Sovereign Fund of Egypt (TSFE) in establishing Joint Venture with Etisalat Egypt by e& to launch the new company Erada Microfinance with the goal of providing access to a wide range of financial services to micro and small enterprises. The partnership is in line with Egypt’s Vision 2030 of supporting financial inclusion and creating opportunities […]