Firm Profile > Tahoun Law Office > Cairo, Egypt
Tahoun Law Office Offices
35 (B) Abol Feda street, Zamalek
Tahoun Law Office > Firm Profile
The firm: Established in 1990 as a high quality law firm specializing in various litigation and arbitration matters. In 2009 the firm was restructured with a new vision of providing premium quality legal services to a broad-base of multinational and regional clients.
In the new decade the firm looks to go beyond opening doors, by working alongside clients to help navigate challenging markets, solve problems and implement strategies to manage risk.
These standards are seen in the many successfully completed projects, major transactions, mergers and acquisitions which have been executed in Egypt on behalf of sellers and buyers, as well as having negotiated major concession contracts (BOT, BOO, or PPP ) on behalf of the Egyptian Government or the private sector.
The firm has also successfully reached settlements in major disputes between investors and the government, as well as acting as the deal maker between different market players reaching agreements that left both sides in a win-win situation.
Tahoun recently executed a new partnership with MAALOUF ASHFORD & TALBOT (a law firm serving global clients having premises in New York, Dubai, Hong Kong, Berirut, Shanghai, Riyadh, Moscow and Sao Paulo).
The firm is proud to have won various awards in Legal Services provision such as “Awarded the best Oil and Gas Firm in Egypt for the Year 2014” by “Worldwide Financial Advisor Awards Magazine” and the “Full Service Law Firm of the Year in Egypt” by “Corporate International Magazine”.
|Managing partner||Nermine Tahounfirstname.lastname@example.org||+201001789400|
The firm was established in 1990 as a high quality Law Firm specializing in various litigation and arbitration matters. In 2009 , the Firm was restructured with a new vision of providing premium quality legal services to a broad base of multinational and regional clients.
As we quickly approach towards a new decade the firm looks to go beyond opening doors, by working alongside our clients to help navigate challenging markets, solve problems and implement strategies to manage risk.
An Unusual Lawyer Of The Year
To be Lawyer Of The Year is a very prestigious honor but in the case of the present one is an incredible shining female force of nature, for not only in a patriarchal society but also in a patriarchal profession. Nermine Tahoun like the proverbial cream has risen to the top, not at some grand old age but still in the full flush of youth.
The New Bankruptcy Law no. 11 of the year 2018
On February 19, 2018, the Egyptian Government set a new milestone in the
investment plan by passing Bankruptcy Law no. 11/2018 in a significant move to
encourage more local and foreign investment and a part of the Government
noticeable efforts in the last few years to revive the economy and the investment
environment by introducing new laws regulating entering and exiting the
The New Law is considered the first bankruptcy law in Egypt, for instance, it
introduces for the first time the concepts of mediation and reorganization, giving
both the debtor and the creditor a higher degree of flexibility in dealing with
debts. It also regulates the penalties by including a whole chapter explaining and
organizing the same unlike the previous legislation.
The absence of a law organizing the bankruptcy was one of the main factors for
which Egypt was considered as a high-risk country for investment. Thus, it was
crucial to issue an effective law to organize and regulate the bankruptcy.
The new Bankruptcy Law introduces the following new concepts:
• Reorganization System
- The Reorganization System is a new mechanism introduced by the Bankruptcy
Law to reorganize the administrative and financial business of the non-viable
companies through a plan including the ways to get over the financial and
- The Reorganization System is open for any merchant with a minimum capital of
one million EGP as long as his business remained active for two years prior to the
submission of the application of reorganization and did not commit any
- In case of applying for reorganization, the bankruptcy as well as the preventive
settlement requests shall be suspended until the reorganization request is
- The merchant shall continue in managing his business normally during
implementing the reorganization plan which is determined by five years; with the
possibility of appointing an assistant to the merchant if required.
- The Bankruptcy Department has been established by virtue of the Bankruptcy
Law and initiating the mediation procedures is considered as one of its significant
- The Department works on settling the disputes between the debtors and creditors
amicably prior to commencing the procedures of declaration of bankruptcy.
- The legislator under the Bankruptcy Law is trying to create a balance between the
act committed and the penalty prescribed. Hence, the Law differentiated between
the fraudulent and the non-fraudulent bankrupt in terms of the penalty prescribed.
- The fraudulent bankrupt is penalized by fine and imprisonment from three to five
years; while the non-fraudulent bankrupt is penalized by fine only without
imprisonment unlike the old rules which did not consider whether the bankruptcy
involved fraud or not.
In the light of the above mentioned, it is clear that the new Bankruptcy Law shows
the Egyptian Government efforts to promote the national economy by encouraging
foreign and national investments and solving the financial crisis of investors and
facilitating the entry and exit of funds from the Egyptian market smoothly under a
solid legal system, delivering a message of reassurance to the foreign and local
investors about the possibility of liquidation or bankruptcy without being subject to
Moreover, it eliminates the barriers and obstacles that may face the creditors in
order to obtain their rights.
The new law assists in reducing the accumulation of cases in the courts by creating
a mediation system for the settlement of commercial disputes by convergence of
views between the parties
Egypt's New Investment Law
In response to the need of attracting more foreign and domestic investors, the Egyptian Government has promulgated the New Investment Law No. 72 of the year 2017.
The Law came into force on the 1st of June 2017, while the Executive Regulation of the same Law has been accepted by the cabinet and presently is being revised by the Egyptian State Council.