Firm Profile > Ferchiou & associés > Tunis, Tunisia

Ferchiou & associés
1001 TUNIS

Banking and finance Tier 1

Ferchiou & associés is instructed by lenders and borrowers on transactional matters and also has regulatory expertise. The team is adept at handling Islamic finance and conventional finance mandates.  Senior managing partner Noureddine Ferchiou is noted for banking and finance work.

Practice head(s):

Noureddine Ferchiou; Omar Ferchiou; Rym Ferchiou

Key clients


BNP Paribas




Deutsche Bank

Attijari Bank

JP Morgan



Oman Technology Fund


Baker McKenzie

Commercial, corporate and M&A Tier 1

The 'excellent' team at Ferchiou & associés handles a range of commercial, corporate and M&A mandates and also has expertise in related regulatory matters. Restructuring transactions, employment work and real estate-related matters are also a key feature of the practice, while the energy, oil and gas sectors are other core strengths. Amina Larbi is experienced in foreign investments, M&A, projects and real estate matters and senior managing partner Noureddine Ferchiou is noted for transactional work.

Practice head(s):

Noureddine Ferchiou; Amina Larbi; Omar Ferchiou; Rym Ferchiou

Key clients


Smart Energies





Pierre Fabre

Emirates Airline




Alfa Wasserman



STELIA Aerospace


Smith Connectors




Freshfields Bruckhaus Deringher LLP


Simmons & Simmons

Baker MacKenzie

With over 30 years of experience in providing legal counsel and assistance, Ferchiou & Associés is recognized as a leading firm in Tunisia. The firm has been consistently involved in the country’s high-profile projects, whether in terms of investment or complexity and is well known for its negotiation skills. Clients range from international corporations and investors seeking to develop a business activity on the Tunisian market to active local groups seeking assistance in relation to their project development on the Tunisian market as well as overseas.

Noureddine Ferchiou, founder and managing partner, has over 30 years of governmental and institutional expertise with exceptional professional knowledge of the country’s challenges and ongoing business and legal opportunities.

Amina Larbi is a partner of the firm and is recognised for her expertise in projects and foreign investments as well as mergers and acquisitions, acting for both local and international corporations in their partnerships and business ventures in various industries and trade sectors.

Nasr Kemicha leads the litigation department of Ferchiou and Associés as partner. Nasr has developed extensive experience in commercial litigation and arbitration on both domestic and international levels.

Omar and Rym Ferchiou were both made partner in 2018 and act as lawyers specializing in corporate law, mergers and acquisitions and banking and finance law, providing their legal assistance to both local and international clients.

Mohamed Naceur Nouri has recently joined the Ferchiou & Associés team. With over 25 years of experience, Naceur offers his expertise and legal assistance in the business and real estate sectors.

With partners ranging from different backgrounds and holding a variety of expertise, clients draw upon the skills of the country’s most connected, respected and integrated law firm.

Transactional highlights

Mergers and acquisitions
Recent transactional highlights:

  • Legal assistance to Opalia Pharma Group Recordati for the realization of a legal audit of two Tunisian companies and the annual follow-up on the social aspects of these companies.
  • Legal counsel, in terms of merger control, to Volkswagen AG for the creation of a Joint-Venture with Ford Motors Company dedicated to the development of autonomous vehicles.
  • Legal counsel, in terms of merger control, to Peugeot SA for the merger and combination of its respective business with Fiat Chrysler Automobiles.
  • Legal assistance to EnerSys in the relation to the sale of its participation in Assad, a major battery producer in the country, listed with the stock exchange.
  • Legal counsel to Lesaffre in the-acquisition and post-acquisition of Rayen Foods Industries, the sole producer of yeast in the country.

Banking and finance
Recent transactional highlights:

  • Legal advisor for Natixis, Citibank, Standard Chartered Bank of a EUR 700 000 000 bond completed by the Tunisian Central Bank (“CBT”) acting on behalf of the Republic of Tunisia.
  • Legal assistance to the Société Tunisienne d’Electricité et du Gaz (STEG) in relation to a loan of up to EUR 121 000 000 granted by the Islamic Development Bank.
  • Legal advisor to the European Investment Bank in relation to a loan of up to EUR 69 600 000 to the Office National de l’Assainissement (ONAS), secured by a first demand guarantee of the Tunisian State.
  • Legal assistance to European Bank for Reconstruction and Development for providing an unsecured loan of up to EUR 24 000 000 to Tunisie Leasing Factoring, a major leasing company acting in Tunisia, for the financing of various sub-leases to MSME clients in Tunisia.
  • Legal advisor to PROPARCO in relation to a senior unsecured loan of up to EUR 12 000 000 to the Compagnie Internationale de Leasing S.A.

Retail and commercial real estate
Recent transactional highlights:

  • Legal assistance to Indigo Property S.A in the review and negotiation of contractual documents for the establishment of Joint Ventures dedicated to the development of urban high standing malls in various regions of the country.

The firm is a leading firm in the litigation sector, offering its services to a wide variety of clients, ranging from legal entities and private individuals in civil, commercial and criminal litigation. It also offers its services in arbitration and dispute resolution.

Recent transactional highlights:

  • Legal counsel to Thomas Cook in relation to its wind-up process.
  • Legal counsel to the Emirates group Bukhatir in relation to its investment agreement concluded with the Tunisian State.
  • Defending the Libyan Foreign Bank (LFB) in a commercial litigation relating to a documentary credit valued at USD 250 000 000.

The firm has been involved in the assistance of hotel operators, constructors and owners in relation to their business development in Tunisia. Clients included brands and franchisors (Hilton, Mövenpick, Radisson, Marriott, …).

Energy and renewable energies
Ferchiou & Associés is a market leader in the energy industry offering its expertise in relation to renewable energies projects, it also assists its clients in relation to transfer of oil and gas assets, due diligence and regulatory compliance.

Recent transactional highlights

  • Legal advisor to Shelfdrilling in relation to the establishment of a branch in Tunisia for the purposes of undertaking drilling activities to the major Italian drilling entity ENI.
  • Legal assistance of ETAP in the context of the constitution of a Joint Venture company with ENI for the production of electricity from renewable energies.
  • Legal assistance to the Tunisian State in relation to the negotiations of the Trans-Tunisian gas pipeline transporting gas from Algeria to Italy through Tunisia.
Photo Name Position Profile
Mrs Rym Ferchiou  photo Mrs Rym Ferchiou
Mr Nasr Kemicha  photo Mr Nasr Kemicha
Number of partners : 6
Number of lawyers : 20
Nextlaw Global Referral Network

  • Assistance to the Tunisian Government in the oil and gas sector:
    In 2019, Ferchiou & Associés had the opportunity to participate in the project for the renewal of the contract of sale/purchase of Algerian natural gas intended for the Italian market, via the Tunisian territory. This project, according to the statements of the Minister of Industry, Energy, Mines and SMEs, will strengthen the state’s treasury in annual revenues of about 500 million Dinars. 
  • Bond issuances:
    The firm assisted Natixis, Citibank, Standard Chartered Bank in relation to a €700m bond completed by the Tunisian Central Bank (“CBT”) acting on behalf of the Republic of Tunisia. 
  • Withdrawal of BNP Paribas from Tunisia:
    Legal assistance to BNP PARIBAS for the sale of its stake in UBCI. 
  • European Bank for Reconstruction and Development (EBRD) financing:
    Throughout 2019, the firm had the opportunity to assist and advise the European Development and Restructuring Bank in the framework of several financings granted by the bank to Tunisian leasing institutions (CIL, ATL, TLF) and microfinance institutions (ADVANS). 
  • PROPARCO financing:
    The firm acted as legal counsel to PROPARCO in connection with a €12m financing for Compagnie Internationale de Leasing (CIL). 
  • Hospitality:
    The firm has been involved in the assistance of hotel operators, constructors and owners in relation to their business development in Tunisia. Clients included brands and franchisors (Hilton, Mövenpick, Radisson, Marriott, etc). 
  • Urban Projects Development:
    Ferchiou & Associés acted as Legal counsel in relation to the negotiation and signing of a joint development agreement between Indigo group, a major local retail group and Société de Promotion du Lac de Tunis (“SPLT”), a State-owned entity which manages the development of the Lake region of Tunis, Les Berges du Lac, for the co-development of an urban and commercial project over 5 hectares including mix-use facilities, a business hotel and a high-standing mall.