Egypt

Matouk Bassiouny & Hennawy (“MBH”) is proud to announce a significant achievement by its Litigation team, which successfully secured a landmark victory in a complex cross-border criminal dispute involving assets valued at over EGP 1 billion. MBH represented one of Lebanon’s prominent families in a multi-jurisdictional matter arising from a series of fraudulent transactions targeting substantial landholdings located in Egypt. Investigations revealed a sophisticated scheme involving the forgery of multiple powers of attorney, which were unlawfully utilized to facilitate the transfer and disposition of key real estate assets belonging to the family. MBH was retained at a critical stage of the matter, as the defendants had approached the competent Survey Authority seeking to collect compensation related to the family’s property using the forged powers of attorney. MBH’s team successfully managed to secure compensation with an excess amount of EGP 43 million due to our client and promptly reported the fraudulent usage of the forged powers of attorney to the competent authorities. Following extensive investigations, the Public Prosecution referred the defendants, along with the forged powers of attorney, to the competent Felony Criminal Court on charges related to the forgery and use of forged official documents. Over the course of the proceedings, MBH led all aspects of the case before the Criminal Court, including the preparation of comprehensive legal memoranda, the development of robust legal arguments supported by extensive documentary evidence, and the submission of detailed rebuttals to the arguments advanced by the defense team and foreign witness testimony presented throughout the court hearings. In a decisive outcome, the Felony Criminal Court convicted the defendants with ten years of rigorous imprisonment for forging official documents and using forged official documents. This landmark judgment highlights MBH’s ability to navigate complex, high-stakes criminal disputes spanning multiple jurisdictions. It represents an additional significant victory for the client, safeguarding substantial assets and reinforcing the rule of law against sophisticated fraudulent schemes. The MBH team that handled this matter was led by Dr. Mohamed Shehata (Partner and Head of Litigation & TMT), Reda Morsy (Legal Director), Eslam Abdeldayem (Counsel), and Mohamed Hanafy (Associate). For more about Matouk Bassiouny, please visit our website at https://matoukbassiouny.com/. For further press-related inquiries please contact Mohamed Mohy ([email protected])

We are pleased to announce that Matouk Bassiouny & Hennawy (“MBH”) acted as legal counsel to Mr. Ayman Aouf, founder and CEO of Travel Aspect, in connection with obtaining the exclusive operational rights in Egypt from BRUSECO, a leading European mobility and chauffeur training and certification company. BRUSECO, represented by Mr. Paul Brussaard, specializes in executive chauffeur training and related driving professions and operates across the Netherlands, Germany, Belgium, Austria, and Switzerland. The company works alongside internationally recognized certification bodies, including DEKRA and CCV, to provide professional training and certification programs for chauffeurs and mobility professionals. The transaction marks an important milestone for Aspect Chauffeurs and represents a significant step towards introducing internationally recognized executive chauffeur training and certification standards to the Egyptian market. MBH advised the client throughout the transaction, including liaising between the parties, drafting and negotiating the franchise agreement, and advising on the establishment of the company that will hold and operate the BRUSECO license in Egypt. The MBH team advising on the transaction was led by Sherif El Hosseny (Partner and Head of Aviation) and included Saifallah Kadry (Senior Associate). We are proud to have supported Travel Aspect on this strategic transaction and to have contributed to bringing internationally recognized chauffeur training and certification standards to Egypt, further supporting the development of the country's mobility and transportation services sector. For more about Matouk Bassiouny, visit matoukbassiouny.com.

We are pleased to announce that Matouk Bassiouny & Hennawy (“MBH”) acted as legal counsel to El Sayyad Group in connection with reviewing and negotiating agreements related to the opening of Rove Hotels in Egypt. Rove is a dynamic hospitality brand affiliated with Emaar Group, and this transaction marks its first entry into the Egyptian market. This strategic collaboration brings Rove's contemporary lifestyle hospitality concept to Egypt, further enriching the country's growing tourism landscape and aligning with the government's broader vision to expand hotel capacity and attract diverse international brands. The MBH team advising El Sayyad Group was led by Hazem ElGuindi (Partner) and included Shaimaa El Fahmy (Senior Associate), with Valor Partners acting as strategic advisor to El Sayyad Group. We extend our congratulations to El Sayyad Group and Rove Hotels on this exciting milestone, and to our dedicated team for their support in facilitating this transaction. For more about Matouk Bassiouny, check out our website at https://matoukbassiouny.com/.

We are pleased to announce that Matouk Bassiouny & Hennawy (“MBH”) acted as legal counsel to Halan for Consumer Finance (“Halan”) in connection with an EGP 2,214,000,000 (Two billion two hundred fourteen million Egyptian Pounds) securitization transaction.  This transaction represents the fifth issuance of Capital’s seventh securitization program, amounting to an aggregate of EGP 11,500,000,000 (Eleven billion five hundred million Egyptian Pounds). The MBH team advising on the securitization was led by Mohamed Abdel Fattah (Partner and Head of Capital Markets), Imane Raouf (Partner), and included Abdel Reheem Ashraf (Senior Associate), Mariam Goubran (Associate), and Ahmed Ayman (Associate). CI Capital was also involved in the transaction as the financial advisor, Baker Tilly as the auditor, Capital Securitization Company as the securitization company, and Middle East Rating & Investors Service (“MERIS”) as the rating agency. We would like to extend our gratitude to all the stakeholders involved and to our dedicated team, whose hard work and commitment made this transaction possible. This landmark deal is a testament to our commitment to fostering innovation in the financial sector and advancing economic development. As we move forward, we remain committed to supporting the growth of consumer finance in Egypt and contributing to the empowerment of communities through access to much-needed financial resources. For more about Matouk Bassiouny, visit matoukbassiouny.com.