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Algeria

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Algeria > Law firm and leading lawyer rankings

Editorial

Legal market overview

Algeria’s market continues to be affected by the slump in oil prices and political uncertainty, meaning that transactional work waits to pick up. International investors are impacted by the 49/51 rule, which caps foreign ownership of any business entity at 49%, therefore foreign investment tends to occur by way of a joint venture agreement with local Algerian corporations. Typical industry sectors for foreign investment are energy, infrastructure, pharmaceuticals, telecoms and automobiles.

Alongside corporate and financing work, commercial dispute resolution matters have been particularly important for a number of international law firms, especially with regard to oil and gas clients who have had to suspend operations due to the ongoing instability or where projects have not been delivered upon properly. A number of these matters are set to continue before courts for years ahead.

The Algerian legal market is traditionally headed by local firms including Chemloul & Associés, Ghellal & Mekerba and Hamza Law Office, but a number of new generation firms offer renewed competition. Furthermore international firms such as Gide Loyrette Nouel and LPA-CGR have offices in Algeria, whilst others service the jurisdiction from offices in London, Paris and elsewhere in Africa.

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