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Legal market overview
North Africa’s largest economy, Algeria, with its abundant energy resources has attracted many international investors. However, restrictions on foreign ownership of companies, which includes the requirement for foreign interests to own no more than 49% of a company and the government retaining first refusal on the sale or transfer of a foreign company, has discouraged such investment. As a result, many law firms report little or no inbound investment activity. Nevertheless, opportunities are available in Algeria’s infrastructure projects, which often demand expertise and technology from outside the jurisdiction.
Law firms from the US, France, the UK and Tunisia have built a longstanding track record of deals in Algeria. However, a lack of foreign investor clients and the fact that only lawyers that belong to one of Algeria’s 11 Bar associations can practise as advocates means that domestic firms now dominate the legal market.