Banking and finance in Tunisia

Eversheds El Heni (a member of Eversheds Sutherland)

Eversheds El Heni (a member of Eversheds Sutherland)’s full-service banking and finance practice handles a range of advisory, transactional and contentious matters, with project finance and insurance standing as notable sweet spots. The firm is best known for representing regional and global finance clients, particularly development banks and insurers, but it also acts for corporate borrowers. Farès Koussay El Heni is deputy head of the firm's Africa group and brings to bear strong international experience. Raouf El Heni specialises in banking, finance and insurance law and counts many of the leading insurance companies in Tunisia as clients. Soundès Mejdoub is noted for her record in energy-related matters.

Practice head(s):

Farès Koussay El Heni; Raouf El Heni; Soundès Mejdoub

Testimonials

‘Very, very proactive, multidisciplinary firm with a very high profile. Respects the deadline, demonstrates availability.’

‘We value the fact that lawyers operate at an international level. Very open minded, perspicacity, tough when needed, provide assistance and support.’

Key clients

Star Assurance

AFD

IFC

EBRD

BAD

Maghrebia Assurance

EATON

Swicorp

TAEF

ADIA

Work highlights

  • Advised IFC on three major financing projects in the agricultural and financial services sectors.
  • Advised EBRD in relation to two financing mandates with a combined value of $40m.
  • Advised AFD on three significant financing mandates for major public banks in Tunisia.

Ferchiou & associés

Ferchiou & associés houses a dominant lender-side practice, which is well versed in both conventional and Islamic finance matters. The firm acts for an impressive roster of banks and financial institutions, particularly international development banks such as EBRD, EIB and IFC, and it is also sought after by borrowers. Amina Larbi focuses on banking and project finance, with particular expertise in PPP and concession projects. Omar Ferchiou is New York- and Tunisia-qualified and advises local and international clients on finance matters. Managing partner Noureddine Ferchiou is noted for his record in complex, cross-border transactions.

Practice head(s):

Omar Ferchiou; Rym Ferchiou; Amina Larbi

Other key lawyers:

Noureddine Ferchiou

Key clients

European Bank for Reconstruction and Development

European Investment Bank

International Finance Corporation

Société de Promotion et de Participation pour la Coopération Economique

Citibank

Work highlights

  • Advised EBRD on an unsecured loan of up to €5m granted to Arab Tunisian Lease.
  • Acted for EBRD on a senior unsecured loan granted to Compagnie Internationale de Leasing.

Abdelly & Chaary and Partner Law Firm

Abdelly & Associates brings to bear a strong track record in advising both private and public financial institutions, insurance companies, funds and borrowers on domestic and cross-border finance transactions. The group's robust tax offering is a key asset in multi-jurisdictional transactions and it is well equipped to advise on national and international tax issues. Managing director Samir Abdelly oversees the practice and is noted for his experience in project finance, corporate restructurings and cross-border transactions.

Practice head(s):

Samir Abdelly; Fatma Abdallah; Ismaël M’rad

Key clients

ATOG

SINOPEC

SINOCHEM HOLDINGS CORPORATION

CNPCI

BEST RE INSURANCE

Monaco Resources

Société Tunisienne de Banque

Zurich Insurance

GFH

Tunis Bay

MAGHREB BANK

Duranven Resources

JLP .1D

Mitsubishi

Sumitomo

GROUPE LA CARTE

GROUPE MZABI

MOBILE POWER SYSTEMS

BLOOMBERG

BAKER HUGHES

CGG VERITAS

SCATEC

CHINA HARBOUR

HSBC

CREDIT SUISSE

SIEMENS

NOVA SCOTIA BANK

SW SUPPORT

GSG LTD

SERVIER

MONACO RESOURCES

MEDCO ENERGI

GREATWALL DRILLING COMPANY

EUROMINES OIL & GAS

ENERGEAN OIL & GAS

DUNDEE BANK CORPORATION

DIVONA TELECOM

DEUTSCHE BANK

CHINA DEVELOPMENT BANK

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FACEBOOK

Work highlights

  • Advised Groupe la Carte on sale and purchase agreements across numerous sectors.
  • Advised Société Tunisienne de Banque on various capital investment operations, including on increasing and decreasing share capital and on the creation of affiliates or subsidiaries.
  • Acted for GFH Financial Group on the acquisition of British International School of Tunis by GFH and Tunis Bay Golf Project company, through their wholly owned affiliate, Britus Education.

Caid Essebsi & Ben Salem Associés Law Firm

Caid Essebsi & Ben Salem Associés Law Firm's premier energy offering supplies the banking and finance practice with a stream of project finance and oil and gas-related matters. The firm is widely recognised for its close connections to international law firms, and it is called upon by major global names to advise on the local aspects of multi-jurisdictional transactions. It is also noted for its experience in regulatory and compliance-related work. Senior partner Salaheddine Caid Essebsi is a leading light for foreign investment matters. Yamen Akkari is noted for project finance.

Practice head(s):

Salaheddine Caid Essebsi; Fakaher Ben Salem; Yamen Akkari; Mohamed Kazdaghli

Key clients

Nouvelair Tunisie

TTS Group (Tunisia)

Anglo Tunisian Oil and Gas Company

Goshawk Aero

Clyde & Co

OLAYAN Group

Merx Aviation

Avolon

Bracewell

Herbert Smith Freehills

Global Lawyers North Africa in partnership with Gide Loyrette Nouel

Global Lawyers North Africa in partnership with Gide Loyrette Nouel's extensive international network makes it well placed to advise multinational clients on cross-border banking and finance matters. The firm acts for lenders, including major global banks, and borrowers on a wide range of lending transactions, bankruptcy proceedings and foreign investment issues. Tunis-based Anis Jabnoun is noted for his broad corporate finance experience. The group also leans on partners in Paris and Algiers.

Practice head(s):

Anis Jabnoun; Samy Laghouati; Jean-Gabriel Flandrois

Key clients

BPCE

Alshaya

Laboratoires Servier

Philip Morris International Management SA

IFC

Sumitomo

BNPP

SIT SPA

Renault

Faurecia

Oracle

Roquette & Frères

Société Générale

Castel

Danone

VW

Saybolt

Nestlé

Legrand

MSC

Work highlights

  • Advised IFC on the financing of a group of companies belonging to One Tech Holding group.
  • Represented retail franchise operator Alshaya on several financings linked to its projects in Tunisia.
  • Advised BPCE on granting new loans to its subsidiary BTK in the context of the sale of the 60% stake it holds in BTK.