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Algeria remains a difficult market for Western companies and law firms to penetrate due to restrictions on foreign investment. Specifically, the 51%-49% rule stipulates that any foreign-invested company must be majority owned by an Algerian company, and the government has first refusal on the sale or transfer of any foreign company. Nevertheless, Algeria’s huge oil and gas reserves make the energy industry a major focus for international investors.
Foreign law firms have seen declining deal flow as a result of these impositions, although large energy sector deals remain a source of activity. Energy companies Sonatrach and Sonelgaz are the powerhouses of the Algerian economy, and many prominent local lawyers have in-house experience with these companies.
Algerian, US, French, Tunisian and UK law firms are present in the market, but only lawyers that are members of one of Algeria’s 11 Bar associations can practise as advocates and operate full-service firms.
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Press releases
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Legal Developments worldwide
Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
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Summary dismissal of managing director for misappropriation
Termination of employment -
Public-Private Partnerships in Russia: A Time to Change
There was a milestone event in Saint-Petersburg in the beginning of 2012. A school offering general education for 285 students was opened in the city on the river Neva. It is the first public facility to be constructed by investors under a public-private partnership (PPP). The key feature of using a PPP to build social infrastructure is that the investor is responsible for construction and the subsequent operation of the facility for the period laid down in the agreement. However, this type of cooperation in Russia is still quite rare. -
A justified retrospective
Clive Sheldon - QC debates the pros & cons of retrospective tax legislation- 11KBW -
Public Sector Equality Duty (“PSED”)
In R (Greenwich Community Law Centre) v Greenwich LBC [2012] EWCA Civ 496 the Court of Appeal held that the Council had had “due regard to the PSED when making changes to its funding of community legal advice services”. At para 30 Elias LJ said:- 11KBW -
Notifications under the Tonnage Tax Law
The Department of Merchant Shipping has issued two new notifications under the Tonnage Tax Law (44(I)/2010). -
Towards a stronger enforcement of competition law in Luxembourg from 1 February 2012
Seeking to improve the efficiency of its Competition authority, the Grand Duchy of Luxembourg adopted last 23 October 2011 a new competition law. -
Treaties Applied by Russia Temporarily to be Published Officially
Legal Update No. 343 -
Cyprus Returns to the ‘Premier League’ of Trust Jurisdictions
The island now has the most modern and favourable trust regime in Europe -
Taxation aspects of the reform of the Cyprus International Trusts Law of 1992
After years of falling behind, Cyprus has recently updated its law on international trusts to reflect changes in global investment practice. The following article examines the revisions involved from a tax perspective. -
Public Sector Equality Duty
Surrey County Council conducted a review of its Library Service. This culminated in a Report to the Council’s Cabinet. The Recommendations in the Report included that there should be consultation about a community-partnership approach at selected Libraries.- 11KBW
Press Releases worldwide
The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to
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Law Firm Astrea significantly expands Brussels presence
As from 2 May 2012, leading Antwerp-based law firm Astrea has significantly expanded its Brussels office with the recruitment of new Partner Steven De Schrijver and team including Senior Associates Thomas Daenens, Jeroen Mues and Pieter Paepe.- ASTREA -
Delphi advises on merger of OK-Q8 AB and Q8 Danmark A/S
Delphi is advising OK-Q8 AB on the formation of a new Scandinavian group through OKQ8 AB’S acquisition of shares in Q8 Danmark A/S from Kuwait Petroleum Europe BV. Kromann Reumert in Copenhagen advised on the legal due diligence in Denmark.- Delphi -
GENI & KEBE Responds to Questions from British Business Delegation
Investment UK- Francophone Africa -
AVELLUM PARTNERS WON CHAMBERS EUROPE AWARD FOR EXCELLENCE 2012
Kyiv, 15May 2012 – Avellum Partners is proud to inform that it has won the Chambers Europe Award for Excellence 2012 for Ukraine and was recognized as Ukraine Law Firm of the Year. The award ceremony was held in Amsterdam on 10 May 2012. -
Sayenko Kharenko advised on USD 50 mln loan to Ukreximbank
Sayenko Kharenko acted as legal counsel to European Bank for Reconstruction and Development (“EBRD”) in connection with USD 50 million loan to JSC “The State Export-Import Bank of Ukraine” (“Ukreximbank”). -
Ayia Napa marina contract
Our Client MM Makronissos Marina has successfully completed the execution of the BOT contract with the Government concerning the construction and operation of a Marina and a Real Estate development in Ayia Napa. -
The Batang Kali Massacre trial - end of a Very British Cover-Up?
In 1948, Scots Guardsmen shot dead 24 unarmed Chinese labourers in the rubber tapping village of Batang Kali, part of what was then colonial Malaya. -
Bär & Karrer team successfully represents TeliaSonera in a Swiss Federal Supreme Court case
In a judgment rendered on 30 April 2012 (4A_763/2011), the Swiss Federal Supreme Court dismissed an application of Çukurova Holding against Sonera Holding (a subsidiary of TeliaSonera, and at the same time Turkcell's biggest shareholder) for judicial review of an ICC award between the parties. -
2nd Kazakh-British Suppliers Forum was held on 27th of March 2012 in Astana
On 27th of March 2012, the Second Kazakh-British Forum on partnership development among suppliers in the oil and gas industry service sector was held in Astana. About 80 Kazakhstan and British companies attended the event. -
Arbitral Tribunal Orders Respondents to Pay Advance on Costs
Gabrielle Nater-Bass and Melissa Magliana of Homburger's Litigation | Arbitration practice team recently obtained a Partial Award ordering Respondents who refused to pay their share of the advance on costs in an ICC arbitration to make immediate payment to the ICC.