Firms in the Spotlight Commercial, corporate and M&A

M.A. Global Consulting

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MA Global Consulting is a Casablanca-based legal and tax one-stop-shop with great expertise in all Corporate Law and Mergers and Acquisitions matters. The firm provides outstanding services and advises major national and international operators on their Business Law related problematics.

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Commercial, corporate and M&A in Morocco

Baker & McKenzie Maroc

Baker & McKenzie Maroc is known for its 'sharp and wise advocacy' and clients note that it has 'the ability to understand complex situations and to deliver effective, fit for purpose solutions'. Kamal Nasrollah and associate Keltoum Boudribila are the key practitioners in a practice that frequently advises on cross-border M&A deals, global corporate reorganisations, joint ventures and complex commercial agreements. In one recent highlight, they acted for SUEZ in the defence of a hostile takeover attempt by Veolia.

Practice head(s):

Kamal Nasrollah

Other key lawyers:

Keltoum Boudribila

Testimonials

‘Global practice capabilities combined with a deep and sound understanding of local ground.’

‘The firm has the ability to understand complex situations and to deliver effective, fit for purpose solutions. Client centricity. Thorough implication. Sharp and wise advocacy on client’s interests. Networking capabilities.’

Key clients

SUEZ

Jeronimo Martins

ONEE

Repsol

CBRE

Intralot

Nokia

Club Med

Etat Marocain

Safran

Bennani & Associés

Bennani & Associés is a local firm with a prominent role in major domestic and cross-border corporate transactions. ‘They are all superb lawyers, highly skilled and super quick if you need urgent advice‘, remarks a client of the team led by managing partner Mehdi Bennani, who recently advised Sage Global Automotive on its acquisition of a stake in ERT Automotive Morocco. Senior associate Hasnaa Bennani plays a key support role in many of the firm’s flagship deals.

Practice head(s):

Mehdi Bennani

Other key lawyers:

Hasnaa Bennani

Testimonials

‘They are all superb lawyers, highly skilled and super quick if you need urgent advice. We did several M&A transactions with Bennani & Associés and are more than satisfied with their performance. I can warmly recommend this law firm to any potential client!’

‘The Bennani & Associés team has great knowledge in dealing with international companies providing high quality support to clients who are not familiar with local Morocco practices and culture.’

‘Bennani team members I worked with are always available and able to understand my needs and point of view, providing suggestions not only on specific legal matters but also in negotiation strategies according to local practices. They have been instrumental in reaching the agreement in a complex M&A deal.’

‘Professionalism. Expertise. Strategy. Relationship management. Focus. Determination. Integrity.’

‘Mehdi demonstrates excellent verbal and written excellent communication skills, technical understanding of the law, understanding of client needs, patience, integrity, work ethic, and professionalism. He is a team player who can negotiate legal nuances and business terms. Mehdi demonstrates a mastery of in the psychology of business, legal strategy and relationship management.’

‘I’m working with B&A for more than 5 years and their standard are always at the top. The team are very technical and available. The work is done on time and in a proper way.’

‘When involved in a mission, the B&A advisors are dedicated to their work and available under short notice. On the top of that, they are well aware of their fields and provide very pertinent advise.’

Key clients

AMMC (The Moroccan Capital Market Authority)

Volkswagen Group

Adidas (client for 5+ years)

Western Union

Phillips (client for 5+ years)

Huawei

Akzo Nobel

Carlyle (client for 5+ years)

FIAT

Siemens AG

Adient

Samsung C&T

Daewoo

Alstom

Etisalat (Emirates Telecommunication Group Company PJSC) (client for 5+ years)

TUI Group (TUI AG)

Groupe Bel

Maphar

Electrolux

FATER Spa

Cheplapharm

Save the Children

Jacobs Engineering

Work highlights

  • Represented Alstom in in the antitrust filing with the Moroccan Competition Council for Alstom/Bombardier’s €6.2 billion merger.
  • Advised Sage Global Automotive S.R.L. on its acquisition of a 30% stake and voting rights in the Moroccan company, ERT Automotive Morocco Sarl-Au.
  • Acted for Bunzl in connection with Moroccan aspects of its acquisition of 100% equity interest in Proin Pinilla, S.L. and Protec & Marti, S.L.

Clifford Chance

At Clifford Chance, ‘the team has always delivered exceptionally‘, according to one client. Managing partner Mustapha Mourahib, co-head of the Africa practice, and newly promoted partner Ouns Lemseffer, co-head of the Francophone Africa group, are ‘highly professional, hardworking and commercial in the way they treat their clients‘. The practice recently advised African Infrastructures Investment Managers, Adenia Partners and the International Finance Corporation on their $130m investment into telecoms company Eastcastle Infrastructure to support projects in in Democratic Republic of Congo, Nigeria and Cote d’Ivoire.

Practice head(s):

Mustapha Mourahib

Other key lawyers:

Ouns Lemseffer

Testimonials

‘I have been working with Clifford Chance Morocco for five years on different jurisdictions and sectors. The team led by Mustapha Mourahib and Ouns Lemseffer has always delivered exceptionally.’

‘Individuals at Clifford Chance Morocco are highly professional, hardworking, commercial in the way they treat their clients. It is a pleasure to work with them as I can trust their advice.’

Key clients

OCP

Adenia Partners

IFC

Africa Infrastructure Investment Managers

Africa50

Honoris

Actis

Vantage Capital

Enel Green Power

Nareva Holding

BCP – Banque Centrale Populaire

CDG – Caisse de Dépôt et de Gestion

Masen

A.P Moller

Work highlights

  • Advising African Infrastructures Investment Managers (AIIM), Adenia Partners and the International Finance Corporation (IFC) on their investment into Eastcastle Infrastructure, to support its built-to-suit strategy in Africa, initially in Democratic Republic of Congo (DRC), Nigeria and Cote d’Ivoire.
  • Advising OCP Group on its joint venture with Hubei Forbon Technology Group, a Chinese player specializing in the research, development and supply of global fertilizer additive solutions for agriculture.
  • Advising Honoris (the first and largest pan-African network of private higher education institutions, backed by global investment firm Actis) on its partnership with the centre of excellence Esprit Group in Tunisia.

DLA Piper

DLA Piper has a broad-ranging client base in key sectors such as life sciences, real estate, leisure, energy and natural resources, agriculture and education. It frequently advises state-owned entities, investment banks, investors, retailers and other international corporates on cross-border transactions. Christophe Bachelet, who specialises in cross-border M&A, private equity and corporate structuring, works closely with Franck Coudert, formerly of Clifford Chance, who handles infrastructure projects alongside M&A, and counsel Camilia Benani who frequently advises financial institutions and industrial companies.

Practice head(s):

Christophe Bachelet

Other key lawyers:

Franck Coudert; Camilia Benani

Key clients

Sodexo

IPRC: Abdelali Belghiti et Nasr Belghiti

DZ Card Malaysia SDN BHD

Oncologie et Diagnostic du Maroc (ODM)

AfricInvest

Development Partners International (DPI)

CDG Capital

Work highlights

  • Assisting AfricInvest in the acquisition of a minority stake in the share capital of ADP II Holding Morocco.
  • Advising DPI in the sale of their equity participation in KMR Holding Pédogogique to MK Education.
  • Advising Amethis in the context of the acquisition of a Moroccan holding in the irrigation sector (Magriser).

Gide Cuatrecasas Casablanca

Gide Cuatrecasas Casablanca assists both domestic and foreign clients with major domestic and cross-border M&A transactions in Morocco and across sub-Saharan Africa. Over the years, it has handled landmark deals in sectors as diverse as hospitality and tourism, automotive, energy, healthcare, real-estate and retail. Among its recent highlights is its work for International Finance Corporation (IFC) in the divestment of its stake in Moroccan poultry grou Zalar. Simon Auquier and counsel Chloé Joachim De Larivière are ‘extremely knowledgeable lawyers and outstanding negotiators with great comprehension of local environment‘.

Testimonials

‘The Gide commercial, corporate and M&A team has everything you can expect from a high quality full service law firm: extremely knowledgeable lawyers, great comprehension of local environment and constraints, outstanding negotiators, excellent reactivity and proactivity, great communication skills.’

‘I worked mainly with Mr. Simon AUQUIER and Mrs. Chloé JOACHIM DE LA RIVIERE. They both very much embody the qualities of the law firm. Very professional, open-minded and pragmatic, working with them is easy, even under pressure.’

Key clients

SPE Capital

Spirit Aerosystems

Hutchinson

Alshaya

Groupe Palmleraie dévloppement

Petit Bateau

International Finance Corporation (IFC)

Work highlights

  • Assisted the pan-African investment fund SPE Capital with the acquisition of 100% of the share capital of Ademat, the leading provider of power security solutions in Ivory Coast, from Adenia, a private markets investment firm in Africa.
  • Advised the American group SPIRIT in connection with the acquisition of Moroccan company Bombardier Aerospace North Africa (as part of a global acquisition of assets/companies from Bombardier).
  • Advised the International Finance Corporation (IFC) on the divestment of its stake in Zalar (a Moroccan group specialised in the poultry sector).

Naciri & Associés Allen & Overy

Naciri & Associés Allen & Overy is ‘clearly the best, with all the strengths of a large practice in terms of availability of resources, expertise, specialisation and access to an international network, but combined with with easiness of communication, collaborative work and client focus‘. Managing partner Hicham Naciri is widely regarded as a leading light in corporate matters and Yassir Ghorbal stands out for M&A and capital markets transactions. Senior associate Moulay El Amine El Hammoumi Idrissi is also highly recommended.

Practice head(s):

Hicham Naciri; Yassir Ghorbal

Other key lawyers:

Moulay El Amine El Hammoumi Idrissi

Testimonials

‘We have an opportunity to work with practices from across the region and Naciri with A&O is clearly the best. They have all the strengths of a large practice in terms of availability of resources, expertise, specialisation and access to an international network, but in addition they combine that with the advantages of smaller firms in terms of easiness of communication, collaborative work and client focus. Their opinions are always far encompassing with 360 degrees perspectives.’

‘Hicham Naciri is clearly the lynchpin of this dynamic. Besides being a technical expert and a savvy negotiator, what sets him apart is his experience as a dealmaker in the real world and his ability to consider the big picture. He is able to take into account parameters that you have to deal with as an executive beyond the purely legal points, parameters such as P&L, market standing and strategy in order to formulate the best course of action. The other striking point is his humility, he really takes the time to listen to you without haste or preconceived views. With Naciri with A&O you get a true adviser, not just a legal counsel.’

‘The team has a very pragmatic approach to legal issues, very good listening skills, adapting legal requirements to business needs with the proper compliance approach.’

‘Hicham Naciri is an excellent lawyer, extremely reactive and innovative.’

‘Extremely strong commercially and technical-oriented. Dedicated to delivering quality work and giving advice to improve the end game, not only focusing on legal side. Thorough knowledge of the market and key players.’

‘The lead partner Hichsm Naciri is extremely competent and business-oriented, and it spills over to his team. We work with different legal firms across numerous jurisdictions and I would rate him as one of the best people I ever worked with. He brings an holistic mind to the game without loosing the focus on detail.’

‘Huge local network; recognised technical skills; dealmaker on negotiations.’

‘I appreciate both technical skills and network to deal with some regulatory topics in an efficient and proper manner that were a CP to the deal – specific mention to Hicham Naciri and his intelligence in identifying any single hard point on the the negotiation to focus on. I appreciate the huge commitment of the teams to deliver the legal pack on time and to feel concerned about the risks for the client.’

Key clients

Holmarcom

Bank of Africa

Agence Spéciale Tanger Méditerranée

Helios

Saham

Sanlam group

Managem

BMCI

Orange

DPI

APMTT

Work highlights

  • Advised Agence Spéciale Tanger Méditerranée (TMSA) on the acquisition from the Moroccan State of a 35% stake of Société d’Exploitation des Ports – known as Marsa Maroc, a Moroccan listed company on the Casablanca Stock Exchange, for a total amount of MAD5.48bn (approx. $613m).
  • Advised Managem in relation its joint venture with Wanbao, a Chinese mining group, to develop a gold mining project in Sudan.
  • Advised Holmarcom on the MAD450m (approx $50m) investment by IFC in Holmarcom Insurance Activities (HIA).

Norton Rose Fulbright

Norton Rose Fulbright is heavily involved in major projects in Morocco, and in associated M&A and corporate matters. It is currently advising the Moroccan National Railways Office ONCF on a strategic partnership with OCP Group. Another highlight is its work for agricultural company Comptoir Agricole de Souss on its merger with CMGP. Head of the Casablanca office Alain Malek has more than 20 years’ experience in Africa. Corporate and banking counsel Anne-Laure Bernard-Bouissieres, corporate project counsel Godefroy Le Mintier and senior associate Souâde Messaoudi all play pivotal roles in the practice.

Practice head(s):

Alain Malek

Other key lawyers:

Anne-Laure Bernard-Bouissières; Godefroy Le Mintier; Souâde Messaoudi

Key clients

Akwa Group

Banque Centrale Populaire

Bombardier

Caisse de Dépôt et de Gestion du Maroc

Compagnie Chérifienne du Chocolat

Comptoir Agricole de Souss

Hightech Payment Services (HPS)

Holmarcom

IFC World Bank

Label’Vie

Ministère de l’Industrie, du Commerce, de l’Economie Verte et Numérique

Moroccan Agency for Sustainable Energy

ONCF

PSA Peugeot

Work highlights

  • Advising the Moroccan National Railways Office ONCF, which is a Public Establishment on a strategic partnership with OCP Group.
  • Advised HPS, a leading innovative payment solutions company listed on the Casablanca Stock Exchange, on the acquisition of all the shares of ICPS.
  • Advising Compagnie Chérifienne du Chocolat (Aiguebelle) in relation to the implementation of a joint venture with OBEGI Group.

Afrique Advisors

Afrique Advisors, which is the partner firm for Mayer Brown, climbs the ranking this year. Having opened a new office in Washington DC, the firm is a key advisor to US clients investing in Africa, and has notable experience in assisting investment funds working with local start-ups. ‘Bold and knowledgeable‘ partner Laila Slassi and of counsel Hajar Benyachou, who is ‘dedicated and very strong in legal matters‘, lead the practice.

Practice head(s):

Laila Slassi; Hajar Benyachou

Testimonials

‘The team is very responsive and proactive and provides cut-to-size services. It is a multicultural team with a true “family spirit”. Luckily one team member spoke Portuguese which also helped provide a better service as the deal was also involving a Portuguese firm.’

‘An extremely reliable team, very available in any situation. Flexible enough to work on different situations and to adapt billing accordingly.’

‘Laila Slassi is an amazing partner, bold and knowledgeable: able to handle different complex and stressful situations. Hajar Benyachou is dedicated and very strong in legal matters.’

‘The team is extremely professional, committed and shows a very high level of availability.’

‘Laila Slassi has strong negotiation skills on top of her technical skills. She has a very high emotional quotient combined with a very high intelligence quotient.’

‘Managing partner Laila Slassi is truly impressive.’

Key clients

WITAMAX 1

Work highlights

  • We have advised a Moroccan investment fund in the acquisition of various participation in seven (7) innovator local companies. In this context, the team has globally structured the implementation of all these transactions and drafted all the applicable corporate documentation.

ASAFO & CO. MOROCCO Sarl

ASAFO & CO. MOROCCO Sarl was founded three years ago by lawyers from international firms who brought with them a strong track record in corporate transactions. Since then, the firm has acted for Moroccan and multinational companies in cross-border M&A deals, private equity transactions, leveraged buyouts, corporate restructurings and structured finance matters. The firm has three experienced practitioners in Patrick Larrivé, the ‘results-driven and deadline-orientedBenoit De Monval and Mouna Boubia. Their recent work includes advising ArcelorMittal on the acquisition of a steel reinforcement manufacturer.

Practice head(s):

Patrick Larrivé; Benoit de Monval; Mouna Boubia

Testimonials

‘Benoit de Monval was in charge of the assignment. He has M&A expertise and a deep understanding of the specifics of the insurance sector. He is results-driven and deadline-oriented – even when the timing is very short.’

Key clients

BOAD -West African Development Bank

Mediterrania Capital Partners (MCP)

ArcelorMittal

M2M

Clinique Internationale du Maroc

Adenia Capital

Tana Africa Capital

Adiwale Fund I

DABADOC

Diana Holding

SPE Capital

Work highlights

  • Advised ArcelorMittal on the acquisition of a major player in steel reinforcement for buildings and civil engineering.
  • Advised Adenia Capital, a private equity fund, on its investment in OCS, a group specialising in catering services and management services and operating in several African and non-African countries.
  • Advised MCP, a private equity fund, on its withdrawal of Cash Plus a leading money transfer company in Morocco, active both on national and international cash transfer businesses.

ADNA

ADNA, formerly known in Morocco as BFR & Associés, is a pan-African firm with offices in Algeria, Côte d’Ivoire, Guinea and Morocco. Its lead partner in Casablanca, Safia Fassi-Fihri, is regarded as an expert in M&A transactions, joint ventures and regulatory matters. She also has niche expertise in the area of corporate governance and socially responsible investments. Among its work for major international institutions, multinationals and investment funds, the firm recently acted for China Communication Construction Company and China Road and Bridge Construction in a €10bn joint venture.

Practice head(s):

Safia Fassi-Fihri

Key clients

International Finance Corporation (IFC)

CCCC (China Communication Construction Company)

CRBC (China Road Bridge Corporation

Africa 50

AfricInvest

Proparco

ING Bank

Google

Vantage Data Centers

Ardian

Sunpack

EBRD

Dentons Sayarh & Menjra

Dentons Sayarh & Menjra assists local local and foreign companies with domestic and cross-border M&A transactions. Among its recent highlights are its work for Delfingen Industry on the merger of two local subsidiaries, and its advice to Sanam Holding on the acquisition by its subsidiary Arena Capital of real estate company Arena Property Development. Mehdi Megzari, whose work on M&A and restructuring deals is highly regarded, and Christophe Simmonet are the lead partners, supported by managing partner Omar Sayarh.

Practice head(s):

Omar Sayarh; Mehdi Megzari; Christophe Simonnet

Key clients

Tesca Group S.A.S.

Palmeraie Group

Sanam Holding

Volkswagen

Delfingen

Aya Gold & Silver Inc.

BB ENERGY

Maroc Numeric Fund

Savola

Fresenius Medical Care

Garrigues Maroc Sarl

Garrigues 'knows how to perfectly combine Moroccan and Spanish legal practice'. Clients note that its 'speed of response is undoubtedly something that stands out'. The firm is a key adviser to Spanish and Portuguese companies on M&A and joint venture transactions in Morocco. Partner José Ignacio García and counsel Jaafar Laidi, who has 'a solid knowledge of commercial issues and solves them in a simple and expeditious manner‘, are the key practitioners.

Practice head(s):

José Ignacio García

Other key lawyers:

Jaafar Laidi

Testimonials

‘In our case, having a legal advisor like Garrigues in Morocco is essential because it knows how to perfectly combine Moroccan and Spanish legal practice, providing us with all the required information. The Garrigues team, in addition to being multidisciplinary and combining Moroccan and Spanish nationality, has extensive experience in legal practice that provides legal security to any company doing business in Morocco.’

‘Our most direct contact is Jose Ignacio Garcia; the treatment is direct and agile; In our case it is unique and differs from the competition in that it is a local law firm (Moroccan, expert in Moroccan law) but it knows perfectly the culture and Spanish law, and so can explain the strategies and legal requirements of Morocco in a way that is intelligible for us and that gives us legal security. The speed of their response is undoubtedly also something that stands out.’

‘What I value most is the knowledge of the legal system, the functioning of the administration and other cultural aspects of Morocco, which are very important when it comes to closing any type of corporate transaction in the country. Compared to other firms, the fact that Garrigues is a Spanish firm with a presence in Morocco is a perfect link between two different cultures, Spanish and Moroccan.’

‘Our main contact with Garrigues Morocco is partner José Ignacio García Muniozguren. He has extensive experience in the country and a great knowledge of the law. He is a person who always advises on the pros and cons of the different alternatives that arise in any negotiation process.’

‘Garrigues is well placed to advise on cross-border matters between Spanish and Moroccan legislation. In terms of economics they have a very satisfactory, quality-price ratio.’

‘Jaafar Ladi who has a solid knowledge of commercial issues and solves them in a simple and expeditious manner. He is quite aligned with clients’ needs. His fluency in English and Spanish adds great value to our relationship.’

Key clients

Barceló Hotels & Resorts

Tecnimede

Chryso

Blue Box Partner Iberia

Fujikura

Syngenta

FCA Dealer Services

SAP

Banco Sabadell

Smurfit

Work highlights

  • Ongoing corporate and commercial advice in Barceló Hotels & Resorts’ Moroccan operations for more than fifteen years.
  • Ongoing corporate and commercial advice to Banco Santander in its Moroccan operations for more than ten years.
  • Ongoing corporate and commercial advice to Banco Sabadell on its Moroccan operations for more than ten years.

Jeantet

Jeantet‘s Casablanca office focuses on corporate and M&A transactions not only in Morocco, but also in the MENA and sub-Saharan Africa regions. It has particular expertise in advising foreign investors, among them 6temik and GGI Solutions, on their local business activities. Clients note that the practice, led by up-and-coming partner Mohamed Ali Khelil Charef, has ‘the expertise and awareness to properly support its clients in commercial matters‘. Philippe Malléa is noted for his strengths in large investment projects.

Practice head(s):

Philippe Malléa; Mohamed Ali Khelili Charef

Testimonials

‘Jeantet is a international law firm with competent lawyers able to provide quick support. I’m satisfied with the services provided to the extent I’ve always have a quick response, appropriate analysis of my request and adapted recommendations in line with the raised questions.’

‘I think the team members have the required expertise and awareness in order to properly support their clients on commercial topics.’

Key clients

COPAG

GRUPO PROFAND

6TEMIK

ALSO FRANCE

MAROC TELECOM

LAFARGEHOLCIM

SMRC AUTOMOTIVE

SCOPELEC

GGI Solutions (E2IP)

ARISTON THERMO SA

JOHNSON&JOHNSON

WEBEDIA

GLOBALIA

FRONTIER DIGITAL VENTURE

Work highlights

  • Advised Bombardier Inc. for a $20m capital increase of Bombardier Aerospace North Africa.
  • Advised LAFARGEHOCIM Maroc for the management of all its commercial relationships during the Covid-19 crisis.
  • Advised MAROC TELECOM on the sale of 8% of its share capital (approx €800m) by the Kingdom of Morocco.

Kettani Law Firm

Kettani Law Firm has an outstanding practitioner in managing partner Nadia Kettani, who is widely is regarded as one of the most experienced and highly skilled corporate lawyers in Morocco. In her 30 years with the firm, she has been active in major cross-border M&A transactions and complex commercial contracts, usually on behalf of foreign companies investing in Morocco. Her expertise also spans group restructurings, public tenders and stock exchange listings.

Practice head(s):

Nadia Kettani

LPA-CGR

LPA-CGR is a leading independent French firm that has established a solid base in Casablanca since opening its office in 2009. Known for its in-depth knowledge of the local market, it frequently handles cross-border and domestic transactions for public institutions, foreign investors and multilateral development banks. Romain Berthon and Lina Fassi-Fihri, who recently acted for Leon, a global provider of products, solutions and services for energy and data management in the automotive sector, in the drafting of an innovative standard contract to be used as a global template, are the lead partners.

Practice head(s):

Romain Berthon; Lina Fassi-Fihri

Key clients

LEONI

ACOME MAROC

SAHAM MANAGEMENT COMPANY

FONDATION SAHAM

INGENICO

UGGC Africa

At UGGC Africa, 'the partners’ dedication and experience enable it to deliver highly appreciated good advice and useful connections'. The firm has 20 year’s experience in Morocco, but its Casablanca office also handles transactions in Algeria, Tunisia, sub-Saharan Africa, and West and Central Africa. Ali Bougrine, who 'always manages to find a creative solution', and Laurent Sablé, who is praised for his 'outstanding performance', are the key partners. They are supported by Jean-Jacques Uettwiller who works between Paris and Casablanca.

Practice head(s):

Ali Bougrine

Other key lawyers:

Laurent Sablé; Jean-Jacques Uettwiller

Testimonials

‘Ali Bougrine and his team delegated to our projects are always available and quick to answer to my questions. The team is growing up and has several offices in Africa which is helpful for a good knowledge of the local regulations.’

‘My main contact is Ali Bougrine. Depending on our projects, Ali always manages to find a creative solution to our needs in a particular market. He succeeds perfectly in anticipating the problems we might encounter and proposes alternative solutions.’

‘Most relevant point from my point of view is the reactivity and the connections of UGGC throughout Africa.’

‘Partners dedication and experience enable UGGC to deliver highly appreciated good advice and useful connections. l would like to point out the outstanding performance from Laurent Sablé.’

Key clients

LAFARGEHOLCIM

TOTAL

ESSILOR AND ITS MOROCCAN AND AFRICAN SUBSIDIARIES

ORANGE GROUP AND ORANGE OMEAM (MIDDLE EAST & AFRICA MANAGEMENT)

SYSTRA SA

CHRISTIAN DIOR

GBH (GROUPE BERNARD HAYOT) AND ITS MOROCCAN SUBSIDIARIES

ETAM

MABIOTECH

MATIS AEROSPACE (A JOINT COMPANY OF BOEING AND SAFRAN)

AFRIJET

INDUVER

AIR LIQUIDE

AMUNDI

ATALIAN

ARMONIA

FIPAR HOLDING

CIMAF

Work highlights

  • Advising Matis Aerospace, a joint venture owned 50% by Safran Electrical and 50% by Boeing on legal issues relating to corporate law.
  • Advised MABIOTECH on the sale of Mabiotech and Chemotech.

Bakouchi & Habachi - HB Law Firm LLP

Bakouchi & Habachi – HB Law Firm LLP has significant expertise in commercial matters and stock exchange law, including IPOs, capital increases and decreases, which complements its experience in commercial disputes. It frequently acts for foreign and domestic companies in matters of corporate governance, M&A deals and private takeovers. Key partners Salima Bakouchi and Kamal Habachi count Marsa Maroc and CDG Capital among their clients.

Practice head(s):

Salima Bakouchi; Kamal Habachi

Key clients

ATTIJARIWAFA BANK

BMCE BANK

UMNIA BANK

International Islamic Trade Finance Corporation

ATTIJARI INVEST

ATTIJARI FINANCE CORP

ATTIJARI FACTORING

FINEA

3P FUND

CDG Capital

CDG Capital-Infra

CGI

BLUE MANGO

WAFASALAF

FLUTTERWAVE

WAFA ASSURANCE

ATLANTASANAD

AXA ASSURANCE

AXA PARTNERS

ABENGOA

LISI AEROSPACE

Lesieur Cristal

MARSA MAROC

Société Marocaine des Tabacs

EMAAR MOROCCO

NOVARES

TOTAL MAROC

GIZ

ZIZ MAROC

BFF LAW FIRM

BFF LAW FIRM has a strong presence in M&A and cross-border investment transactions, frequently working with major international law firms as their preferred local partner. The lead partners Bouchra Belouchi and Fatima-Zahra Fassi-Fihri are highly regarded for their in-depth knowledge of M&A, with many deals involving large domestic and international corporations, banks and financial institutions. This work includes both inbound investments into Morocco and other African countries, as well as outbound investments into Europe.

Practice head(s):

Bouchra Belouchi; Fatima-Zahra Fassi-Fihri

Benzakour Law Firm

Benzakour Law Firm has a 'very reactive and efficient team' that frequently advises on foreign investment transactions in Morocco. Rachid Benzakour, who is 'well-known in the business law community of Morocco and deserves his reputation'Leila Benzakour and Abdelaziz Benzakour are the partners in a practice that is highly regarded for both transactional work and litigation. They count Schlumberger, Philip Morris and EBRD among their clients.

Practice head(s):

Rachid Benzakour; Abdelaziz Benzakour; Leila Benzakour

Testimonials

‘Very reactive and efficient team. Good ability to lead merger control filings in Morocco.’

‘Rachid Benzakour is a well-known lawyer in the business law community of Morocco and deserves his reputation. Very reliable and reactive.’

Key clients

EXIM BANK

RADISSON

SCHLUMBERGER

BOOKING

PHILIP MORRIS

DERICHEBOURG ENVIRONNEMENT

HOWDEN

EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT (EBRD)

INVESTINDUSTRIAL

SAFRAN

CMS

The CMS office in Casablanca is part of a firm-wide Africa practice that advises clients on deals across the continent. It specialises in tax and business law, and features ‘solution-driven and customer-centric‘ counsel Rachida Charifi, who handles the incorporation of companies in Morocco, corporate governance, share capital and equity transactions, and corporate audits, as well as cross-border M&A deals. Clients note that the firm is ‘highly integrated and serves clients with the best legal and commercial knowledge‘.

Other key lawyers:

Rachida Charifi

Testimonials

‘CMS is highly integrated in the country and serves customers with the best legal and commercial knowledge.’

‘I had the opportunity to work with Rachida Charifi, a great commercial and corporate senior lawyer within CMS Morocco. Her solution-driven and customer-centric approach has been determining in supporting our corporation very effectively. I would highly recommend her for her high level of professionalism and constant support. She’s never short of innovative solutions. On top of that, she has perfect client management skills.’

 

El Amari & Rouissi

El Amari & Rouissi is a partner of choice for institutional investors purchasing assets in Morocco. Founding partners Mohieddine El Amari  and Mariam Rouissi assist both domestic and international clients with cross-border M&A transactions, though much of its work is for large Moroccan corporations from the private and public sectors. They also handle transactions across North and West Africa for multinational corporations, and recent work includes advising four subsidiaries of the global insurance group Axa on the acquisition of a stake in healthcare start-up Dabadoc.

Practice head(s):

Mariam Rouissi; Mohieddine El Amari

Key clients

AXA Assurance Maroc, Axa Cameroun, Axa Côte d’Ivoire, Axa Sénégal

Beiersdorf

TMANDIS

MAROC TELECOM (IAM)

Les Domaines Agricoles

Providence Holding

Arma Holding and its subsidiaries

Marwa (Folly Fashion)

SEVREX

BECHTEL

AXA CLIMATE

ALPHA 55

ARRAKIS

MARHABA

IWACO

DOCMEETOO

Hamzi Law Firm

Hamzi Law Firm joins the ranking due to its strength in corporate law and cross-border M&A transactions. ‘The team is very reactive and professional, and the advice is really fast and accurate‘. Managing partner Zineb Idrissia Hamzi recently assisted IAM with the acquisition and financing of its Chadian subsidiary Millicom Tchad. Partner Patrice Mouchon, a founding member of the French Association of Turnarounds Management, is an expert on corporate restructuring.

Practice head(s):

Zineb Hamzi

Other key lawyers:

Patrice Mouchon

Testimonials

‘I only worked with Zineb Hamzi. She was very professional and through her network, managed to cover eleven jurisdictions in Africa. This was very useful in having one point of contact for the preparation of an extensive due diligence report by one firm.’

‘Zineb Hamzi was very professional, spoke fluent English and was accommodating.’

‘The team is very reactive and professional, you can rely on them on several fields such as social, contracts, commercial issues. They are reacheable every day and at any hour, advice is really fast and accurate and this is a great support to our decision making process.’

‘The firm’s legal team demonstrates a mastery of the subjects dealt with and an availability at all times. The administrative aspects (in particular payment) are not a barrier for the team to deal with emergencies as a priority.’

‘Good assessment, quick answers and high responsiveness. Strong experience since it is difficult to find good providers within Africa apart from the Big 4, which are extremly bureaucratic and expensive.’

Key clients

ARAMEX GROUP

GROUPE YVES ROCHER

COMDATA HOLDINGS

DACHSER LOGISTICS GROUP

DASSAULT SYSTEMS GROUP

EUROGATE TANGER

STOKVIS NORD AFRIQUE

SCANIA GROUP

MEDSERV HOLDING

EBOMAF

ATLAS COPCO

SAGEMCOM

ITISSALAT AL MAGHRIB (MAROC TELECOM)

GROUPAMA ASSURANCES CREDIT

Work highlights

  • Legal audit covering all corporate law, contracts, social law, financing, real estate and tax aspects, as well as litigation, within the framework of a project of acquisition, by EBOMAF, of of a French leading international logistics group, and its 64 subsidiaries, spread over the 5 continents.
  • Advising IAM in connection with the acquisition and financing of its Chadian subsidiary: MILLICOM TCHAD.
  • Legal, corporate and tax due diligence carried on One of the world’s leading providers of integrated transport and logistics services, primarily in the oil and gas sector, headquartered in Switzerland, but with 26 subsidiaries on 4 continents: Europe; South America; Africa, and Asia.

Boulalf & Mekkaoui Law Firm

Boulalf & Mekkaoui Law Firm is known for ‘excellent quality of work and advice, and the relevance of the opinions and recommendations given’. Corporate and commercial is the firm’s core practice area and it advises both domestic and international clients on company incorporation, M&A, asset disposals and due diligence matters. Key partners Abdelatif Boulalf and Ahlam Mekkaoui are ‘very good professionals, who are close to clients and proactive’.

Practice head(s):

Abdelatif Boulalf; Ahlam Mekkaoui

Testimonials

‘Very good professionals. Close to customer and proactive.’

‘Collaboration, reactivity and accuracy in feedback.’

‘Excellent quality of work and advice, and the relevance of the opinions and recommendations given. Quick response time, in-depth expertise in the cases handled, good follow-up of entrusted files and good availability.’

‘The team is committed to providing excellent services related to commercial, corporate practice from our experience working with them.’

‘We have been in contact with Ahlam Mekkaoui, who has always been extremely polite, swift in responding and assisting in any matter in a professional and very helpful way.’

Fraikech Associés

Fraikech Associés advises numerous Moroccan and foreign companies on all aspects of their local corporate activity. Managing partner Oussama Fraikech leads a team of two associates and one consultant, who together advise clients such as Soprima Immobilier and investment bank Capital Gestion Group. Fraikech also has in-depth knowledge of the competition law aspects of M&A transactions.

Practice head(s):

Oussama Fraikech