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Legal market overview
2013 was a difficult year for Egypt as political instability and popular uprisings left domestic and Western investors unwilling to bring new business into the country. There has been an increase in investment from a number of Gulf states, in what is perceived as a political move to support the new regime.
The traditional, full-service firms are Al Kamel Law Office, Helmy, Hamza & Partners (Baker & McKenzie), Shalakany Law Office and Zaki Hashem & Partners, Attorneys at Law. A number of younger, ambitious firms are making headway: these include Zulficar & Partners Law Firm and new IP boutique NAL & Partners.
DLA Matouk Bassiouny recently demerged, and Trowers & Hamlins closed its Cairo office after ending its tie-up with Nour Law Office.
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A number of refinements have been made to the "economic citizenship" programme described in our news item dated 22 April 2013. The main changes are as follows:
Egyptian Competition Law No 3 of 2005 is likely to be amended very shortly. The contemplated amendments, now in a late stage of discussion and expected to be imminently issued as law by the ruling military council, are aimed at:
No merger control or approval regulation currently exists in Egypt.2 Therefore, the focus of this chapter will not be the peculiarities of Egypt's past experience but rather the prospective peculiarities of the Egyptian merger control framework.
THE EGYPTIAN ARBITRATION LAW Egypt introduced its first specific Arbitration Law in 1994 by adopting the UNCITRAL Model Law with very limited modifications.
The Egyptian Law of Protection of Competition and Prevention of Monopoly Practices was promulgated by Law No. 3 of 2005 and entered into force on 16 May 2005.
Industrial designs and drawings enjoy protection for ten years starting from the date of application for registration in Egypt, and the protection is renewable for five years.
Article on Egyptian Oil and Gas Concessions
Article on THE EGYPTIAN INCOME TAX LAWThe Consumer Protection Law no.67 of 2006 was promulgated and published on the 20 th of May 2006.The Egyptian Arbitration Law...The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to
Kyiv, 11 August 2014 - Avellum Partners announced that it has acted as the Ukrainian legal counsel to Ferrexpo in connection with the following three export financing credits:
Avellum Partners announced that it has acted as the Ukrainian legal counsel to Ferrexpo in connection with the acquisition of an electrified railway of over two kilometers long and a power line.
Avellum Partners acted as the legal counsel to the owners of a leading Ukrainian FMCG producer in connection with its sale to a private investor.
KKR, a leading global investment firm, announced an investment in arago AG ("arago"). arago is a German-based high-tech company specialised in IT automation. KKR will acquire a minority stake in arago and support the global roll-out of arago's product portfolio with growth equity.
Funds Legal and Regulatory Update- Ogier
In early August 2014 „Popov & Partners" Law office was selected by the Ministry of Justice of the Republic of Bulgaria to perform public procurement named „Research and analysis of existing systems for enforcement in the EU Member States, research and exchange of the European good practices related to the construction of electronic system/portal for enforcement". The research is in the framework of „Effective and transparent enforcement, integrated with national and European electronic legal systems" implemented with the grant of the Operational Programme „Administrative Capacity", co-financed by the European Union through the European Social Fund.
In the middle of July 2014 "Popov and Partners" law office was awarded a public procurement, announced by the Ministry of Finance, with subject matter "Analysis of the structure of the Managing Authority of Operational Programme "Administrative Capacity" (OPAC) and development of an offer for structure of the Managing Authority of Operational Programme "Good Governance" (OPGG) in relation to the 2014-2020 programming period". The public procurement is part of a project for analysis of the structure of the Ministry of Finance and Operational Programme "Administrative Capacity" Directorate, realized with the financial support of Operational Programme "Administrative Capacity" (OPAC), co-funded by the European Union through the European Social Fund. The most fundamental aim of all project activities is to guarantee the effective execution of Operational Programme "Administrative Capacity" Directorate at the Ministry of Finance, in its capacity of Managing authority of the new Operational Programme "Good Governance" 2014 - 2020, which will replace Operational Programme "Administrative Capacity" and Operational Programme "Technical Assistance", implemented during the past programming period.
The international media company Bertelsmann is increasing its ownership of Gruner + Jahr to 100 percent by acquiring Jahr Holding's 25.1 percent shareholding. The transaction was agreed among Gruner + Jahr's shareholders. Bertelsmann's acquisition of the remaining shares in Gruner + Jahr will become effective on November 1, 2014. The purchase price is being paid in cash, and the parties have agreed not to disclose the amount.
Hengeler Mueller advises LEG Immobilien AG on acquisition of portfolio of around 9,600 residential uA subsidiary of LEG Immobilien AG ("LEG"), acting as the buyer, and Deutsche Annington Immobilien SE ("Deutsche Annington"), acting as the seller, yesterday signed an agreement for a portfolio transaction for around 9,600 residential units and related employees in North Rhine-Westphalia by way of share deal. The total transaction volume amounts to €484m. Following antitrust approval, the closing of the transaction is expected by the end of October 2014.