What we say about the firm's legal practice in Morocco
Banking, finance and capital markets
Within Banking, finance and capital markets,
A new addition to the banking table is French firm August & Debouzy. Much of the firm’s transactional work is finance transactions for the big international banks, and it operates ‘ clearly at the higher end of the spectrum’. An example of work it has undertaken in its first year in operation in Casablanca is advising the Moroccan government on the sale of a 4% stake in Maroc Telecom for €450m, the most important private placement in Moroccan history. Clients describe the firm as ‘ very proportional in their approach; exhibiting well-articulated reasoning and an understanding of expectations’.
Corporate and M&A
Within Corporate and M&A,
A new entry this year is French firm August & Debouzy, which opened its doors in Casablanca in May 2007. Partner Kamal Nasrollah has been charged with the brief to develop the Morocco office, and his corporate credentials include several years with Sullivan & Cromwell LLP in New York and London. He is assisted by four other attorneys, plus extra resources in Paris which can be called upon when necessary. The focus is on complex work: examples of recent clients include Clearchannel (UK); Goldman Sachs (US); and Cap Gemini (France). Besides its international clientele, the firm has also acted for Moroccan companies investing abroad, including Saham and SOMED. In late 2007 Kamal Nasrollah acted for Maroc Telecom on its acquisition of Gabon Telecom. Clients report that he is ‘ very easy to deal with, and effective’.
Legal market
Within Legal market,
For historical reasons, it is the French firms that have demonstrated the most commitment to the Moroccan market by opening offices in Casablanca. UGGC & Associés and CMS Bureau Francis Lefebvre possess full-service non-contentious capability. But it is Gide Loyrette Nouel - Naciri & Associés which stands out as the leading firm in the country, blending local expertise in the form of partner Hicham Naciri, with international credentials and standards of service. In mid-2007, another major French firm opened an office, with August & Debouzy relocating Moroccan national Kamal Nasrollah to Casablanca.
Tourism and real estate
Within Tourism and real estate,
August & Debouzy debuts in the tourism and real estate table following its opening in Casablanca in mid-2007. Partner Kamal Nasrollah is an experienced corporate practitioner, and has a track record advising French businesses on inward investment, as well as Moroccan companies on leisure developments. In 2007 the firm represented SOMED as owner and developer on the management, advisory and licence agreements of a luxury five-star Raffles hotel and residential villa project in Marrakech.
What we say worldwide
Please choose another August & Debouzy office to view full details of what we say in that region, or choose from this list to view a specific editorial reference in context.
Germany
France
Offices in Paris
- Administrative and public law : Administrative and public law
- Banking and finance : Banking and finance
- Dispute resolution : Dispute resolution: commercial litigation
- Dispute resolution : Dispute resolution: international arbitration
- Dispute resolution : Dispute resolution: white-collar crime
- EU competition and distribution : EU competition and distribution
- Employment : Employment
- Environment : Environment
- IT, telecoms and the internet : IT, telecoms and the internet
- Intellectual property : Intellectual property: full-service firms
- Media and entertainment : Media and entertainment: full-service firms
- Mergers and acquisitions : Mergers and acquisitions
- Private equity : Private equity
- Real estate : Real estate
- Tax : Tax
Morocco
Offices in Casablanca
Law developments worldwide
-
New amounts of remuneration for white-collar workers
As every year, the Federal Public Service Employment has adapted the amounts of remuneration to be taken into consideration for the application of certain provisions of the employment contract for white-collar workers. -
Update of the Dutch Corporate Governance Code
The Dutch Corporate Governance Code Monitoring Committee has published a report with proposals to update the Dutch Corporate Governance Code. In this article you will find a summary of the proposals. -
D&I Quarterly March 2008
First Statement by the Takeover Panel Regarding a Specific Case. Court of Appeal Convicts Jouhki of Insider Trading. Market Court Confirms Existence of Asphalt Cartel. Deadline for Pre-registration of Chemicals. -
D&I Quarterly June 2008
New FSA Standard on Regular Reporting for Finnish Issuers. FSA Statement on Minimum Price in Voluntary Offer. Finnish Government Proposes Limited Right for Employers to Collect Credit Information on Employees. Reform of Consumer Marketing Rules -
D&I Quarterly September 2008
New Insider Guidelines. Supreme Court Outlines Forum Rules in Company Law Matters. Requirement of Local Company Representative Abolished. Witness Testimonies in Competition Law Cases – Some Recent Developments -
CATALIST, A SPONSOR-SUPERVISED LISTING PLATFORM ON SGX
In 2006, the Monetary Authority of Singapore (“MAS”) and the Ministry of Law launched a joint public consultation on the proposed changes to the unsecured credit rules and the proposed application of these rules to moneylenders with appropriate modifications. -
LEGISLATIVE AMENDMENTS TO UNSECURED CREDIT RULES BY MAS AND MINISTRY OF LAW
In 2006, the Monetary Authority of Singapore (“MAS”) and the Ministry of Law launched a joint public consultation on the proposed changes to the unsecured credit rules and the proposed application of these rules to moneylenders with appropriate modifications. -
ESTABLISHMENT OF AUDIT COMMITTEE GUIDANCE COMMITTEE (“ACGC”)
The Monetary Authority of Singapore (“MAS”) and Singapore Exchange Ltd (“SGX”) had on 27 June 2007 released the findings from a study they had commissioned on the then state of corporate governance of SGX-listed companies in Singapore. -
Responsibilities of Board and Financial Advisers in Assessing Acquisitions involving Profit Guarante
On 24 March 2008, the Singapore Exchange Limited (“SGX”) issued a News Release in the Regulator’s Column (please refer to www.sgx.com for the full details) setting out the responsibilities of boards of directors and their financial advisers in assessing acquisitions involving profit guarantees. -
Singapore Exchange opens Beijing representative office
Singapore Exchange Limited (SGX) on April 18 announced the official of its Beijing representative office, which helps to attract more China listing and increase the profile of SGX.