Firm Profile > Zulficar & Partners Law Firm > Cairo, Egypt
Zulficar & Partners Law Firm Offices
NILE CITY BUILDING, SOUTH TOWER, 8TH FLOOR
2005 A CORNICH EL NIL
RAMLET BEAULAC, CAIRO 11221
Zulficar & Partners Law Firm > The Legal 500 Rankings
Egypt > Banking and finance Tier 1
Zulficar & Partners Law Firm provides comprehensive banking and finance services to international and domestic corporate and governmental clients. Its work spans syndicated loans, credit facilities, debt restructuring, repos, regulatory compliance and Islamic finance. It is heavily involved in the issuance of sukuks and is also a leading firm for structured finance transactions, securitisation and real estate finance. Mona Zulficar and Ashraf Ihab lead the practice, in which Anwar Zeidan is the main contact for capital markets transactions. Newly-promoted partner Dania El Samad has experience in banking and project finance.
Mona Zulficar; Ashraf Ihab
Other key lawyers:
Anwar Zeidan; Dania El Samad
Al Ahli Bank of Kuwait – Egypt
Arab African International Bank
Arab Banking Corporation
African Export-Import Bank
Barclays Bank – London
Central Bank of Egypt
China Development Bank Corporation
Commercial International Bank
Deutsche Bank – London
Credit Agricole Egypt
Egyptian Mud Engineering & Chemicals Co.
First Abu Dhabi Bank PFSC
National Bank of Egypt
National Bank of Kuwait
National Bank of Oman
Suez Canal Bank
The Bank of New York Mellon
The United Bank
Zulficar & Partners Law Firm has one of the largest corporate groups in Egypt and has an extensive track record in high-profile deals. It continues to handle major domestic and cross-border acquisitions in sectors as diverse as healthcare, education, banking, e-payment solutions, renewable energy, oil and gas, real estate, electronics and FMCG. Head of corporate and M&A Ingy Badawy and head of capital markets Anwar Zeidan are the main practitioners in the five-partner practice. Founding partners Firas El Samad, who leads the antitrust practice, and Mona Zulficar also have vast experience in finance and corporate transactions.
Ingy Badawy; Anwar Zeidan
Other key lawyers:
Firas El Samad; Mona Zulficar
Ahly United Bank
Fawry for Banking Technology and Electronic Payments/Fawry Microfinance
TAQA Arabia and all its subsidiaries
National Holdings/Scope Invest
Cleopatra Hospital Company
CIRA (Cairo Investment & Real Estate Development)
EFG Hermes Holding
Marakez for Real Estate Investment
ADI Real Estate
Namaa for Development and Real Estate Investment
Sixth of October Development and Investment (Sodic)
Zulficar & Partners Law Firm is 'very much the leader in Egypt and in the region', according to one market source. The firm frequently conducts international arbitral proceedings in diverse jurisdictions, under various laws and in different languages on behalf of corporations, investors and governmental entities from around the world. Founding partner Mohamed Abdel Wahab is head of the firm's international arbitration, construction and energy practices. He is widely regarded as a world-class arbitration practitioner. Up-and-coming partner Youssef Al Saman is also recommended. They recently secured a victory for Haggan group in a matter concerning a contract governed by French law.
Mohamed S. Abdel WahabFounding Partner and Head of International Arbitration, Construction and Energy Groups
Other key lawyers:
Youssef Al Saman
APM Terminals (Suez Canal Container Terminal)
Bawabet Al Kuwait Holding Co.
Egyptian Fertilizers Company (EFC)/ Orascom Construction Industries (OCI)
Nile Douma Holding
Sixth October Development And Investment Company S.A.E. (SODIC)
Cheiron Zaafarana Petroleum Company Limited
Zulficar & Partners Law Firm may not have the largest litigation practice but its blue-chip client base and the high value of its caseload make it one of the leading firms in dispute resolution. Founding partner and head of litigation Mahmoud Shaltout is the standout practitioner. He has extensive experience in disputes concerning intellectual property rights, commercial law, taxation, penal sanctions, corporate crimes, civil cases and environmental matters before the Egyptian courts for both domestic and international clients. The firm is particularly noted for the challenging and enforcing of foreign arbitral awards.
Alexandria Portland Cement Co. (APCC)
Adeptio AD Investment SPC
Beni Suef Cement Co. (BSCC)
British American Tobacco Egypt
Bluburg – Modern Consumer Innovations Company
Egyptian Dutch Dredging Company Ltd
Helwan Cement Co. (HCC)
National Bank of Egypt
Powertek/ EDRA POW
Egypt > Energy Tier 2
Zulficar & Partners Law Firm joins the ranking on the strength of its work in energy-related transactions and disputes, including the negotiation and drafting of upstream and downstream contracts, and the prosecution of energy arbitration cases. The firm counts among its clients Total, PICO Energy and the New and Renewable Energy Authority. Renowned arbitrator Mohamed Abdel Wahab leads the two-partner practice. Youssef Al Saman also handles international arbitration in the energy sector, as well as complex projects and cross-border commercial transactions.
Mohamed Abdel Wahab
Other key lawyers:
Youssef Al Saman; Omar Abdel Aziz
‘The firm has a strong transactional background allied with an excellent arbitration team. It has very good upstream knowledge.’
‘Mohamed Abdel Wahab is an exceptional arbitration practitioner. The Zulficar team in Cairo is unparalleled in its level of expertise and standard of practice. They operate at the same level as global firms and their delivery is consistently excellent.’
‘They have caught up very quickly following the pandemic on technology and were one of the first firms in the Middle East region to embrace the use of technology as a replacement for hearings and events.’
‘Mohamed Abdel Wahab is a brilliant practitioner who is at the top of the international arbitration field globally. His understanding of and experience in international arbitration are matched by few.’
‘Very knowledgeable, responsive, brilliant and accurate. The firm has an excellent capability to tackle the issue and find solutions. Mohamed Abdel Wahab is a very strong litigator and legal strategist.’
‘Dr. Mohamed Abdel Wahab is one of the best litigators and arbitration experts I have met. He is extremely efficient, reliable and is able to go the extra mile, while being innovative and brilliant.’
‘Mohamed Abdel Wahab is a brilliant arbitration lawyer and arbitrator. Importantly, he is one of the most hardworking individuals in the field. His working ethos and common sense approach to complex legal problems are outstanding.’
‘We have worked with Zulficar & Partners for several years now, and they continue to surprise me with their inordinate and, in my experience, unique, ability to come up with insightful angles and ideas in an incredibly short time. It is a pleasure to work with them.’
‘Prof. Dr Mohamed Abdel Wahab is extremely talented providing a full spectrum service as firm senior managing partner, arbitration expert, arbitrator with a deep understanding and empathy for the commercial context. Reactive and directive simultaneously, it is obvious that he inspires enthusiasm amongst his team and confidence to the clients.’
‘Senior associate Omar Abdel Aziz offers rapid and insightful support and has often come up with highly valuable guidance and ideas.’
Cheiron Zaafarana Petroleum Company Limited
Bawabet Al Kuwait Holding (BKH)
Egyptian Fertilizers Company (EFC)
New and Renewable Energy Authority (NREA)
Zulficar & Partners Law Firm > Firm Profile
The firm: Zulficar & Partners is an international corporate law and arbitration practice firm based in the Nile City Building in the heart of Cairo, Egypt. It mainly specializes in arbitration, banking and project finance, construction law and practice, mergers and acquisitions, capital market procedures and transactions, oil and gas, IT and telecommunications, competition law, labour law, tourism and leisure and litigation. The firm offers a comprehensive range of legal services to a diverse array of commercial, industrial, and financial clients both in Egypt and internationally.
Established in June 2009, the firm now has 11 partners and more than 65 lawyers, and is continuously expanding to cater for the ever-increasing demand for its leading and high quality services.
As a market leader, and drawing on the unparalleled expertise of its partners and lawyers, the firm brings to the legal market a blend of exceptional individual and collective skills as well as more than 35 years of legal experience. The firm prides itself as having star quality lawyers possessing recognized track records in establishing precedents, winning arbitration and litigation cases, introducing innovative products, solutions and structures to the Egyptian Market through their creative and proactive problem solving approach. The firm provide its clients with top quality legal services that cater for their business needs. Possessing a culture of rich values of professional ethics and social responsibility, the firm continuously offers cutting edge spot on advice that distinguishes it and makes a difference for its clients.
The firm provides a comprehensive range of state-of-the-art legal services for its wide variety of international and domestic clients. It is currently growing at an accelerated pace and has already established itself as a market leader and precedent maker across all sectors and disciplines. The firm is regularly ranked as a top tier in various practice areas, and its partners are regularly ranked as top tier leading lawyers in world leading directories, including: the Global Arbitration Review (GAR), the The Legal 500, the IFLR 1000 and Chambers & Partners Global.
The firm is founded on the achievements, track record and expertise of its members, and is now perceived as one of the best in the MENA region with a global outreach and international expertise. The firm prides itself in offering cost-effective and time-efficient services, which are facilitated through leadership and teamwork. The firm has a specialized department for follow up purposes to ensure providing our clients with timely responses.
The firm offers comprehensive and impressive bespoke services to a diverse portfolio of national and international commercial, investment, industrial, financial clients as well as States and state-owned entities. It continues to feature in the GAR Guide to top 100 Arbitration Firms worldwide ever since 2015.
The firm is regularly ranked as a first-tier dispute resolution and arbitration practice with star practitioners such as Prof Dr Mohamed S. Abdel Wahab who heads the firm’s Arbitration Group and Mr Mahmoud Shaltout who heads the firm’s Litigation Group. Furthermore, Chambers & Partners ranked the firm in 2015 as Band 1 in Banking and Finance and Dispute Resolution: Arbitration, and named Mrs Mona Zulficar as Star Individual in banking and Finance and Band 1 in Corporate and M&A and Prof Dr Abdel Wahab as Star Individual in Dispute Resolution: Arbitration and Band 1 in Dispute Resolution.
Ever since 2015, the IFLR ranked the firm as Tier 1 in Banking, Capital Markets, M&A and Project Finance, and acknowledged Mona Zulficar, Ashraf Ihab and Dr Ingy Badawy as Leading Lawyers. Similarly, The Legal 500 ranked the firm as Tier 1 in Dispute Resolution, Banking and Finance, Corporate, and M&A.
In 2016, The firm was awarded the IFLR Middle East M&A deal of the year for advising Citibank on the sale of its consumer and retail business to Commercial International Bank.
In 2017-2018, the IFLR ranked the firm as Tier 1 in Banking, Capital Markets, M&A and Project Finance, and acknowledged Mona Zulficar, Ashraf Ihab, Dr Ingy Badawy and Anwar Zeidan as Leading Lawyers/ Highly Regarded Lawyers. Similarly, The Legal 500 ranked the firm as Top Tier in Banking and Finance, Corporate, M&A and Dispute Resolution, naming Ashraf Ihab, Anwar Zeidan, Dr Ingy Badawy and Prof Dr Mohamed S. Abdel Wahab as Leading Individuals. Recommended lawyers by The Legal 500 include Ashraf Ihab in banking and telecoms, Dr Ingy Badawy, Anwar Zeidan, Dr Firas El Samad in corporate and M&A, Dr Firas El Samad in telecoms, Prof Dr Mohamed S. Abdel Wahab in dispute resolution and Mona Zulficar in banking, corporate M&A and telecommunications. Furthermore, Chambers & Partners ranked the firm in 2017-2018 as Band 1 in Banking and Finance and Dispute Resolution: Arbitration, naming Mona Zulficar as an Eminent Practitioner in Banking and Finance and in Corporate and M&A and Prof Dr Abdel Wahab as a Star Individual in Dispute Resolution: Arbitration.
In 2017, the firm was awarded the Global Arbitration Review “Mediterranean or North African international arbitration practice that impressed” at the GAR Ceremony held on 29 March 2017 in Milan, Italy.
In 2018, the firm was awarded the Thomson Reuters PFI Global Multilateral Project Finance Deal of the Year, for having advised the Egyptian Electricity Transmission Company (EETC) in connection with Egypt’s Solar Program in Benban. The internationally acclaimed Program secured financial closure for 30 solar projects having an aggregate installed capacity of approximately 1600 MW and a total FDI of USD 2.2 Billion, making it the largest solar park in the world, upon completion by the end of 2019.
In 2019, the firm was awarded the “National Law Firm of the Year” (the most innovative law firm of the year) for Egypt at the IFLR Middle East Awards ceremony held at the Burj El Arab, Dubai, on 16 October 2019, and also was awarded the “Egyptian Leading Dispute Resolution Practice” by Chambers & Partners at the Chambers & Partners Middle East Awards ceremony held at the Conrad Hotel, Dubai, on 13 November 2019. This was in recognition of the firm’s stellar record of international arbitration cases across the globe and the established track record of winning cases under the laws of many jurisdictions including, but not limited to: Egyptian, English, French, Kuwaiti, Libyan, Omani, Saudi, Syrian and UAE laws.
Founding partners and members of the firm’s executive committee:
Mona Zulficar, Ashraf Ihab, Mahmoud Shaltout, Dr Ingy Badawy, Dr Firas El Samad, Anwar Zeidan and Prof Dr Mohamed S. Abdel Wahab
Chair of the executive committee: Mona Zulficar
Managing partner: Dr Firas El Samad
Partners: Eslam El Dessouky, Youssef Al Saman, Dania El Samad, Hegui Taha
Number of partners: 11
Number of lawyers: 65 +
Languages: Arabic, English and French
|Arbitration and ADR||Prof. Dr. Mohamed S. Abdel Wahab||MSW@zulficarpartners.com||(202) 24612147|
|Antitrust, competition and trade||Dr. Firas Al Samad||FRS@zulficarpartners.com||(202) 24612141|
|Banking, credit and corporate finance||Ashraf Ihab||AMI@zulficarpartners.com||(202) 24612171|
|Mergers and acquisitions||Dr. Ingy Badawy||IMB@zulficarpartners||(202) 24612134|
|Litigation||Mahmoud Shaltout||MSS@zulficarpartners.com||(202) 24612144|
LanguagesArabic English French
MembershipsAmerican Chamber of Commerce in Egypt (AmCham) IFLR Chambers & Partners
DISPUTE RESOLUTION: ARBITRATION
Zulficar & Partners is a premier international arbitration and corporate law practice firm based in the Nile City Building in the heart of Cairo, Egypt. The Firm offers a comprehensive range of legal services to a diverse array of clients both in Egypt and internationally. Its well-established Arbitration Group, founded and headed by Prof. Dr. Mohamed Abdel Wahab, specializes in prosecuting complex international commercial and investment arbitration disputes.
The Arbitration Group comprises more than 23 highly talented lawyers specializing in prosecuting investment and commercial arbitral proceedings, and is continuously expanding at an accelerated pace to cater for an increasing caseload, where the Firm is continuously instructed to act on high profile international commercial and investment cases with an exceptional track record of successful outcomes.
The Arbitration Group is available and able to conduct international arbitral proceedings in diverse jurisdictions, under various laws, and in different languages to the highest standards of efficiency and professionalism, and is regularly instructed to represent corporations, investors and governmental entities from across the globe in arbitral proceedings under major institutional rules including the CRCICA, ICC, ICSID, JCAA, LCIA, SIAC, and in the context of ad-hoc proceedings governed by the UNCITRAL rules and/or diverse national laws.
The Arbitration Group’s solid practice is founded on a combination of knowledge, expertise, creativity, and strategic dispute management. We pride ourselves as market leaders in the world of arbitration, where we regularly prosecute cases under major institutional rules and in ad-hoc proceedings. The Arbitration Group is well positioned and recognized for successfully prosecuting high value and highly complex arbitral proceedings. The Arbitration Group’s expertise spans (i) diverse business and investment sectors, including: construction, telecommunications, power and infrastructure, oil & gas (including gas pricing disputes), hotel management, sale of goods, financial services and Islamic finance, real estate development, maritime and transport, insurance, commercial representation and joint ventures, with dispute values ranging from USD 10 million to USD 2 billion; and (ii) cases governed by Egyptian, English, French, Jordanian, Kuwaiti, Moroccan, Omani, Qatari, Saudi, Spanish, Swedish, Swiss, Syrian, Italian and United Arab Emirates law(s), as well as international law and the general principles of law.
The Arbitration Group prosecuted arbitral proceedings relating to mega construction projects in Egypt, Jordan, Kuwait, Qatar, Morocco, Oman, Saudi Arabia, Syria, and other MENA region countries. Amongst the Firm’s Arbitration Group’s recent achievements and track record of significant successes are:
(i) Securing a final arbitral award in favour of a real estate development group in a US$ 500 million dispute with a leading real estate development group from a MENA State regarding a costal real estate project;
(ii) securing partial and final arbitral awards in favour of a client in a dispute pertaining to a major airport project in an Arab State;
(iii) representing a leading European client against a leading MENA corporate group in an arbitration governed by Arab and English laws and secured a favourable outcome for the client;
(iv) securing a favourable judgment rejecting an action to set aside a partial award before the administrative courts of an Arab State;
(v) setting a precedent when a foreign arbitral award endorsed and upheld the derivative obligations of good faith as pleaded for the first ever in a MENA related arbitration;
(vi) securing a favourable award dismission liability for an Asian client in a dispute pertaining to an EPC contract;
(vii) being instructed to represent a world leading construction group in a mega arbitration pertaining to the construction of an airport in a MENA country;
(viii) securing a favourable settlement to a European client in a mega arbitration pertaining to the construction of a marine jetty and port against an Asian company;
(ix) securing a full payment of our client’s claims in a construction arbitration against an Arab contractor, where the counterpart settled upon filing our statement of case; and
(x) securing a favourable settlement to a MENA client with respect to its claims under four construction projects.
The Arbitration Group also prosecuted arbitral proceedings relating to mega energy arbitrations. Amongst the Firm’s Arbitration Group’s recent achievements and track record of significant successes are:
(i) acting for major oil & gas players in the MENA region in successfully negotiating oil & gas concessions;
(ii) securing a full win for a leading fertilizers company in a gas pricing dispute against two State entities, where we managed to defend a claim for over US$475 million and Claimants’ claims were fully rejected;
(iii) securing a full win for a State-owned entity in an oil & gas concession arbitration in a MENA State;
(iv) securing a full win for an Egyptian oil & gas group in arbitration proceedings against a Scandinavian group of companies regarding a petroleum services agreement;
(v) securing a favourable settlement for a leading Egyptian energy group of companies in relation to arbitration proceedings commenced by a UK-based petroleum services group, where we managed to join the parent company to the proceedings, which facilitated a favourable settlement for our client;
(vi) assisted a leading European LNG group in parallel arbitration proceedings concerning gas supply agreements with claims in excess of US$3 billion against a State-owned company; and
(vii) securing a full win for an energy group in arbitration proceedings against another group of companies regarding petroleum services agreements.
The Arbitration Group also prosecuted arbitral proceedings relating to mega telecommunications arbitrations. Amongst the Firm’s Arbitration Group’s recent achievements and track record of significant successes are:
(i) prosecuting the first-ever interconnection arbitration dispute between fixed and mobile operators in Egypt, with claims and counterclaims exceeding US$ 2 billion, where secured a full award on liability in favour of our client which facilitated a favourable settlement to our client;
(ii) securing a full win for a mobile telecommunications operator in an arbitration against another mobile operator in Egypt, with a full award of the quantum claimed as well as arbitration and legal costs;
(iii) hitherto, our Firm is the only Egyptian firm that secured favourable awards in all telecommunications-related arbitrations prosecuted by the Arbitration group; and
(iv) successfully, negotiating on behalf of our client (a telecommunications operator) a settlement agreement with the telecommunications regulatory authority and other operators regarding interconnection rates.
The Arbitration Group also prosecuted arbitral proceedings and developed extensive expertise in mega arbitrations involving insurance, financial services, agency and distribution, tourism and leisure, transport and media. Amongst the Firm’s Arbitration Group’s recent achievements and track record of significant successes in these fields are:
(i) securing a favourable award and judgment in favour of a trading group in parallel proceedings in Egypt and before English courts regarding insurance and reinsurance claims pertaining to a marine barge;
(ii) securing a full win for a European client in an arbitration against a MENA export and import company, where our client was awarded the full value of its claims, arbitration costs and legal costs;
(iii) securing a full win for an Egyptian agriculture group in an arbitration against a French company with respect to the sale and purchase of palm trees, where our client was awarded the full value of its claims, arbitration costs and legal costs;
(iv) securing a full win for an Egyptian media group in an arbitration against a marketing and production company, where our client was awarded the entirety of its claims;
(v) successfully representing a leading investment group in arbitration proceedings against a MENA corporate group in a dispute relating to share swap and joint venture agreements; and
(vi) successfully representing a leading Arab-African bank in arbitration proceedings involving sale and purchase and escrow agreements and we managed to secure an award excluding the bank from the proceedings the continued between the parties to the sale and purchase agreement.
Amongst the recent global accolades, testimonials and international recognitions of the work undertaken by the Arbitration Group and its Head are:
(i) being listed as Egypt’s premier disputes practice and its continued listing on the Global Arbitration Review (GAR 100) top 100 firms in international arbitration;
(ii) being awarded the GAR “Mediterranean or North African international arbitration practice that impressed in 2017”;
(iii) being awarded the “Egyptian Leading Dispute Resolution Practice” by Chambers & Partners in 2019;
(iv) being listed as band 1 and a top tier international arbitration practice in the leading international directories such as Chambers & Partners, the Legal 500 and the GAR Guides;
(v) Prof. Dr. Abdel Wahab being awarded the 2020 Client Choice Award in Construction Law & Practice;
(vi) Prof. Dr. Abdel Wahab being recognized as a ‘star practitioner’ in Who’s Who Legal: Arbitration; Who’s Who Legal: Construction; Who’s Who Legal Thought Leaders: International Arbitration (2017 – 2020); and Who’s Who Legal Thought Leaders: Construction (2019 – 2020);
(vii) Prof. Dr. Abdel Wahab received the 2018 ASA International Arbitration Advocacy Prize;
(viii) Prof. Dr. Abdel Wahab being awarded the Law Magazine award for Egypt’s Best Legal Practitioner in 2017;
(ix) Prof. Dr. Abdel Wahab received the AYA Hall of Fame Award in London for the African Arbitrator of 2019;
(x) Prof. Dr. Abdel Wahab being listed in AFRICA’s 100 list of leading African arbitration practitioners by I-ARB (Africa);
(xi) Prof. Dr. Abdel Wahab being selected by Africa Arbitration as the African Personality of the Month (June 2018) and by the LACIAC (Lagos Chamber of Commerce International Arbitration Centre) as the Arbitration Personality in May 2019;
(xii) Prof. Dr. Abdel Wahab being recognized by the Legal 500 (2019) as ‘an arbitration expert with a global reputation’, who is ‘one of the best in the world’;
(xiii) Prof. Dr. Abdel Wahab being recognized by Who’s Who Legal Construction (2019) as “a leading heavyweight construction law specialist whose analytical skills are second to none”;
(xiv) Prof. Dr. Abdel Wahab being recognized by Who’s Who Legal (2017-2018) as “one of the best practitioners in the world today” thanks to his “sharp mind and excellent legal knowledge”;
(xv) Prof. Dr. Abdel Wahab being recognized by the Legal 500 (2018) as a ‘Deep thinker’ with ‘a remarkable intellect’ and ‘impressive advocacy skills’;
(xvi) Prof. Dr. Abdel Wahab being recognized by Chambers & Partners Global (2016) as a “very knowledgeable, extremely responsive and he really does make the jurisdiction more approachable for clients” with “significant experience advising on telecommunications and construction disputes”; and
(xvii) A legal director of a telecommunication company says that the Firm is “one of the best firms we have dealt with worldwide”, praising its Arbitration Group’s management of expectations, responsiveness and industry knowledge.
COMMERCIAL, CORPORATE AND M&A
Zulficar & Partners (“Z&P” or the “Firm”) is a premier corporate law and international arbitration practice firm based in the Nile City Building in the heart of Cairo, Egypt. The Firm offers a comprehensive range of legal services to a diverse array of clients both in Egypt and internationally.
The Corporate, M&A practice is handled by two main departments within our Firm: the Mergers and Acquisitions Department headed by Dr. Ingy Badawy and the Capital Markets and Procedural Department headed by Mr. Anwar Zeidan. Dr. Firas El Samad is a prominent and active member of the Mergers and Acquisitions Department in addition to being the head of the Competition Law and Information Technology group. Ms Mona Zulficar provides the Corporate, M&A practice with valuable support as and when required. The Corporate M&A practice comprises five partners and more than 20 talented lawyers (the “Team”) and extends to include members from other Departments of the Firm as and when needed.
As a market leader, and drawing on the unparalleled expertise of its partners and associates, the Team brings to the legal market a blend of exceptional individual skills as well as more than 35 years of legal experience. The Team has over the years established and maintained a track record and is recognized and singled out for establishing precedents, introducing innovative products, structures and solutions to the Egyptian market through its creative and proactive problem solving approach.
The Team provides clients with individualized service that caters to their specific needs and business requirements. The Team’s in depth knowledge, timely response, continuous availability and ability to work and deliver under time pressure without affecting the quality of the services provided are but a few of the qualities that our Team has been praised for.
Over the years, the Team has and continues to represent clients in major acquisition transactions in various sectors including education, health care, electronics, e-payment solutions, solar energy, oil and gas and banking, real estate as well as in different industrial sectors.
Recently the Team has represented (i) Cleopatra Hospital Company in the acquisition of El Katib Hospital through a Property Sale Agreement and Business Transfer Agreement, (ii) Cairo for Investment and Real Estate Development S.A.E. in the acquisition of 60% of Star Light Educational DMCC indirect owner of 99.9% of British Columbia Canadian International School S.A.E, (iii) the Sellers in the sale of up to 100% of Suez Bags to Mondi Industrial Bags through a mandatory tender offer, (iv) Suez Cement Company in the sale of the Menya white cement plant of its subsidiary Helwan Cement Company where the sale of shares was executed as a complex transaction involving several stages among which the implementation of a vertical demerger completed within a record three-month period. The transaction as whole constitutes in its complexity a first precedent of its kind in the Egyptian market.
The Team is currently involved in a landmark cross border transaction in the health care sector as well as two transactions of substantive value in the banking and oil and gas sectors. The Team is also close to finalizing two acquisitions involving launching mandatory tender offers for up to 100% of the target companies.
Based on its strong array of expertise in the field of joint ventures, the Firm is also extensively engaged in complex joint venture agreements (with the joint venture entities are holding companies inside or outside of Egypt) particularly in the fields of oil and gas, automotive industries, agricultural commodities, food industries, renewable energy and real estate. Of special mention are our engagement as a legal counsel to Taqa Arabia, in their joint venture project with BP’s subsidiary; Castrol Limited establishing Castrol Egypt S.A.E and appointing Taqa Arabia’s subsidiary; Taqa Marketing, as the exclusive distributor of its products in Egypt. Similarly, the Team has represented Taqa Arabia in concluding a joint venture agreement with Hassan Allam in the solar energy sector. Finally, the Team has acted as Scope Investment’s Egyptian counsel in its joint venture with Mansour to distribute Peugeot vehicles in Egypt.
The Team continues to act as a leader in the capital market transactions and represent clients whether as Issuer’s Counsel or as Underwriter’s counsel in numerous IPO’s of Egyptian companies that contemplated listing and offering of shares on the Egyptian Stock Exchange and/or outside Egypt on foreign exchanges.
Recently adding to its list of firsts, the Team acted as (i) the Egyptian Underwriter’s Counsel and the Egyptian Offering Counsel in the listing on the EGX and secondary offering of 37.84% of Cairo for Investment and Real Estate Development’s shares (“CIRA”), the largest private education provider in Egypt that directly and through its subsidiaries owns and operates 19 schools and Badr University in Cairo, Egypt and the first company in the education sector to be listed on the Egyptian Stock Exchange; (ii) the Offering Legal Counsel in the landmark secondary offering of 4.5% of the shares in Eastern Company; Egypt’s is leading tobacco manufacturer, for the value of EGP 1.7 billion, which marks the first and so far the only transaction in the public offering program announced by the Egyptian Government and finally (iii) the Offering Legal Counsel in the listing of the shares of Fawry Banking Technology and Electronic Payments (“Fawry”)on the Egyptian Stock Exchange and the secondary offering of 36% stake held by the majority shareholder for the value of USD 275,000,000. Fawry is the first E-payment company to be listed and traded on the Egyptian Exchange.
The Firm is also engaged in two (2) IPO’s in the banking and energy sectors and is advising on a potential IPO in the FMCG sector.
In addition to advising on major transactions, the Team provides its Clients, whether listed or closed companies, with corporate advice and is recognized in the market for its expertise in restructuring, mergers, demergers, increases and reductions of capital as well as employee stock option plans.
During the past few years the Team has executed or advised on the very few mergers and demergers that were successfully implemented in Egypt and thus enjoys unique practical expertise in this area. Of special mention are : (i) the merger of Egyptian Glass Company S.A.E. into Guardian Egypt Glass Company S.A.E., currently Guardian Egypt Egyptian Glass Company S.A.E., (ii) the merger of Italgen Gulf El-Zeit for Energy S.A.E into Italgen Misr for Energy S.A.E based on the book value; and (iii) the first vertical demerger in Egypt under the new demerger rules and regulations of Helwan Cement Company S.A.E
Due to the extensive restructuring experience of the Team, we continue to represent major Clients in their Group restructuring involving complex transactions and innovative solutions. Currently the firm is assisting two major clients in implementing cross border Group restructuring in the sectors of food and restoration and automotive and finance industries.
Finally our Firm, and the Team are consistently ranked as a Top Tier Firm and a Top Tier Team/practice by leading international directories including the IFLR and Legal 500. Our individual partners also consistently receive recognition and top rankings by the various international directories.
Egypt: International Arbitration
Published: October 2021
Authors: Prof. Dr. Mohamed S. Abdel Wahab Ms. Noha Khaled
This country-specific Q&A provides an overview to International Arbitration laws and regulations that may occur in Egypt.
Egypt: Mergers & Acquisitions
Published: March 2021
Authors: Dr. Ingy Badawy Anwar Zeidan Rana El Nahal
This country-specific Q&A provides an overview to Mergers & Acquisitions laws and regulations that may occur in Egypt.