The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon
Work +961 1 395555
Fax +961 1 384064

Souraya Machnouk

Work +961 1 395555
Abou Jaoude & Associates Law Firm


Practice Areas: Banking & Finance, Corporate, Mergers & Acquisitions, Telecommunications, Capital Markets & Securities, Real Estate Development & Finance, Franchising.


Arabic, French and English.


Beirut Bar Association, International Bar Association and American Bar Association.


LLB Double Major: Private & Public Law, Saint Joseph University Diploma in International Commercial Arbitration, ICC (International Chamber of Commerce) DEA (DiplĂŽme d'Etudes Approfondies) in Banking & Financial Markets Law, Saint Joseph University/University of Paris II-Assas LLM (Master in Laws) in Corporate Finance & International Securities, GWU/Georgetown University.


Banking, finance and capital markets

Within: Leading individuals

Souraya Machnouk - Abou Jaoude & Associates Law Firm

Within: Banking, finance and capital markets

Abou Jaoude & Associates Law Firm has experience of structured finance and syndicated lending transactions, and also advises banks on corporate governance and regulatory compliance. Highlights included acting for a syndicate of lenders on the $300m financing of a first-of-its-kind wind power project in Lebanon, advising Saradar Bank on capital markets transactions, and assisting Sakson Petroleum Services with the rescheduling of several loans, which became necessary due to a drop in the price of oil. Key figures in the team include Simon El Kai, Carlos Abou Jaoude and Souraya Machnouk. Rita Papadopoulou joined the team as a partner from JP Morgan and Eddy Maghariki was promoted to the partnership in January 2018.

[back to top]

Commercial, corporate and M&A

Within: Leading individuals

Souraya Machnouk - Abou Jaoude & Associates Law Firm

Within: Commercial, corporate and M&A

The ‘exceptional’ and ‘impressive’ team at Abou Jaoude & Associates Law Firm is noted for its ‘supportive’ service and its ‘extremely ethical conduct, which is of utmost professionalism’. Carlos Abou Jaoude, Simon El Kai and Souraya Machnouk are key figures in the practice group, which has ‘extensive knowledge in the matters it tackles and an amazing network of partners’. Highlights included advising Sioufi Group on its 50-50 merger with Établissements Antoine Massoud, which included advice on tax structuring, transactional due diligence and related document reviews and drafting. The team also assisted a joint venture led by renewable energy company CTC Sal with the pre-qualification process for the development of the first-ever photovoltaic project in Lebanon. Also recommended is Eddy Maghariki, who was promoted to partner in 2018, and senior associate Chebl Atallah.

[back to top]

Real estate and construction (including projects)

Within: Real estate and construction (including projects)

Abou Jaoude & Associates Law Firm is jointly headed by Carlos Abou Jaoude, Souraya Machnouk and Eddy Maghariki, who are regularly instructed to advise on lease agreements, assess risks related to real estate transactions, and assist with development projects and project finance. The team advised real estate developer Natour Development on the construction of a tourist village in Anfeh, and also assisted a joint venture consisting of several renewable energy companies with the process of obtaining licences for the development of a 200MW wind farm.

[back to top]


Within: Tax

Abou Jaoude & Associates Law Firm handles strategic tax planning in the context of inheritance and wealth management, and also assists with the tax aspects of M&A, joint venture agreements and project development. Name partner Carlos Abou Jaoude and Souraya Machnouk advised a joint venture led by Lebanon Wind Power on the tax aspects of a public tender for the design, construction, operation and maintenance of a wind power project, which included negotiations for the first-ever power purchase agreement for wind energy entered into by the Lebanese government.

[back to top]

Back to index

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • CommuniquĂ© on Equity Crowdfunding Is Officially Published

    By way of background, in January 2019, the Capital Markets Board (“ CMB ”) had issued an announcement on its website on the Draft CommuniquĂ© on Equity Crowdfunding [1] . The CMB has now officially published the CommuniquĂ© on Crowdfunding No. III-35/A (“ CommuniquĂ© ”), on October 3, 2019. The CommuniquĂ© entered into force as of October 3, 2019.
  • Beneficial Ownership Concept new interpretation from the Russian federal tax service

    The recent interpretative letter issued by the Russian Federal Tax Services (“FTS”) on 08th August 2019, has provided further guidance as to the application of the Beneficial Ownership Concept, further to the letter initially provided on the 12th of April 2018 which adopted a strict approach of the concept. 
  • Cyprus and Netherlands Double Tax Treaty Update

    Cyprus has concluded the negotiations for the avoidance of double taxation with the Netherlands. The double tax treaty was agreed at technocratic level in Hague. It is expected to be signed by the end of 2019 or early in 2020.
  • Vacancy - Senior Corporate Lawyer

    The Senior Corporate Lawyer, who will be reporting to Partners, will be working with both the firm’s legal team as well as the financial services team. The successful candidate will be requested to show initiative, take on certain responsibilities within the firm, work in a multinational environment and will immediately be given the opportunity to further advance their career within the law firm.

    The judgment of the Court of Justice of the European Union (CJEU) on February 26, 2019, in the “Danish Beneficial Ownership Cases”, can be perceived as a landmark on the interpretation of the Beneficial Ownership concept under the Interest and Royalties Directive (IRD) and the Parent-Subsidiary Directive (PSD).
  • Court of Justice rules on source of income for Derivative Residence applications

    On 2 October 2019, the Court of Justice delivered its judgment in Bajratari v Secretary of State for the Home Department (Directive 2004/38/EC) Case C-93/18 which concerns Chen applications and the source of funds for self-sufficiency. 
  • End of the ‘centre of life test’ in Surinder Singh cases?

    In the recent case of  ZA (Reg 9. EEA Regs; abuse of rights) Afghanistan   [2019] UKUT 281 (IAC ), the Upper Tribunal found that there is no basis in EU law for the centre of life test, as set out in Regulation 9(3)(a) of the Immigration (European Economic Area) Regulations 2016 (the “Regulations”). It further found that it is not to be applied when Judges assess  Surinder Singh  cases that appear before them.

    Italian rules on jointventures concerning public procurement and concession contracts are set out inlight of the European legal framework provided for in Directive 2014/23/EU and 2014/24/EU of the European Parliament and of the Council. The European rules aim to ensurethe best use of public money so that EU citizens benefit from strategicinvestments and services at fair prices. In this context, public procurementand concessions represent key instruments that need to be regulated and standardisedin order to ensure free movement of goods, freedom of establishment and freedomto provide services.
  • Terms of employment as a sole representative

    In this article we examine the working arrangements of sole representatives, looking at the terms and conditions of employment that the Home Office will expect a sole representative to have in order to qualify as a representative of an overseas business.  
  • Can Sole Representatives Be Shareholders?

    The Immigration Rules require that an applicant for a  sole representative visa  is not “a  majority shareholder in the overseas business”.