Riad & Riad > Cairo, Egypt > Firm Profile

Riad & Riad
25 ABDEL-MONEEM RIAD ST
DOKKI
CAIRO
Egypt

Egypt > Employment Tier 1

Riad & Riad’s employment practice covers all aspects of employment, labour, and social insurance law including background screenings, HR compliance, post-termination restrictive covenants, and the employment aspects of restructuring and M&A operations. Remote and work from home systems have also kept the firm busy since the beginning of the pandemic. Eman Riad constitutes one half of the practice lead and is experienced in handling matters on the whole range of employment issues. The second practice head is Mohamed Riad , who is specialised in labor and employment litigation and disputes.

Practice head(s):

Eman Riad; Mohamed Riad

Testimonials

‘Strong expertise. Knows how to deal with international clients and their requirements and in touch with latest market developments. Collaborative approach and easy to deal with.’

‘Eman Riad – A “go to” lawyer for employment advice. Extremely knowledgeable in the sector and always available to assist with complex labour matters for clients.’

‘Very strong team with a dedicated employment practice. Very good to work with.’

‘Eman Riad is a very good and responsive lawyer. We enjoy working with her and the team.’

Key clients

British Airways

G4S

Coats

Clariant

Haier Egypt

Nufarm

AVIC International

Asahi TV-Japan

Kellogg Tolaram

Deloitte Japan Legal

Squire Patton Boggs

Pinsent Masons

Itochu Corporation

Marubeni-Itochu Tubulars

ABC Bank

Medtronic

JETRO

Sumitomo Mitsui Banking Corporation

Acino Pharma

CMS

Techno-Scan

Work highlights

  • Participating in a multijurisdictional questionnaire on employee stock ownership plan (ESOP) for CMS and handling the Egyptian jurisdiction.
  • Representing Coats in disputes against previous senior executive and obtaining court decisions in favour of the company.
  • Providing legal advice and answering questionnaire for Squire Patton Boggs in relation to remote work and hybrid work systems and its applicability in Egypt.

Egypt > Commercial, corporate and M&A Tier 2

Riad & Riad provides clients with services that include restructurings, shareholders agreements, corporate governance, and M&A-deals, amongst others. The firm is often instructed by multinational companies, investment banks, private equity providers as well as state entities, spanning a wide range of sectors and industries. Eman Riad and Mohamed Riad jointly lead the team, both having over 16 years’ experience in this area. Corporate law specialist Fatma Salah has ‘outstanding market knowledge and thinks outside the box, in particular for international clients.’

Practice head(s):

Eman Riad; Mohamed Riad

Other key lawyers:

Testimonials

‘The team is very knowledgable in their market and conscious of the impact of local laws and regulations on international clients – they think ahead as to what may be an issue/what is coming down the line for their clients.’

‘Fatma Salah – outstanding market knowledge and thinks outside the box, in particular for international clients. Happy to strongly recommend her to any of my contacts. Always contactable.’

‘The team is very responsive with a very quick turnaround. We worked on many deals concerning the Egyptian market and the team showed a market and legal understanding, they are knowledgeable and pleasant to work with.’

‘The quick turnaround is impressive, they are up to date with the market trends. It is really pleasant to work with Dr. Eman and Dr. Fatma.’

‘Knowledge, advice and proactive suggestion.’

Key clients

Maersk & RAED Ventures

Eni, S.P.A

ABC Bank

Haier Group

G4S

Medtronic

Yantian International Container Terminals

Kelloggs Tolaram Noodles Egypt

Haier Raya Electric for Manufacturing

SADA Pack

K2 Partners IV L.P

Marubeni-Itochu Tubulars

Tolaram Singapore

Acos (Pedon SPA)

CMS Law Firm

Nufarm

Sumitomo Mitsui Banking Corporation

DNV GL

China Railway Group Limited & AVIC International Holding Corporation

Japan External Trade Organisation (JETRO)

Itochu Corporation

Beijing Emirates Construction Group BEC

Intercontinental Hotels Group (IHG)

Indo British Garments Egypt Co.

Maersk Drilling

Haier Group

Marakez

Chenyee

AE Holding

Fawaz Al-Hokair Group

GS E&C

Stepan Europe S.A.S

Work highlights

  • Advised Maersk, the Danish shipping giant, and Saudi Arabia VC RAED Ventures in relation to the Egyptian law aspects of the $42 million Series A round of investment in Trella, the technology platform that connects shippers to carriers.
  • Acted as the local counsel for Eni, the Italian multinational oil and gas company, in the landmark transaction relating to the restructuring of Damietta LNG facility as well as the settlement negotiation in relation to the USD 2 Billion arbitration award against the Egyptian Government.
  • Advised the Chinese Yantian International Container Terminals in an acquisition of shares in Alexandria International Container Terminals S.A.E.

Egypt > Dispute resolution: litigation Tier 2

The litigation department at Riad & Riad has strengths in representing domestic and international companies in contentious matters in the pharmaceutical, real estate, manufacturing, and construction sectors. Moreover, the firm handles disputes from the trial stage up until the issuance of enforceable judgements. The department also holds a team that is specialised in assisting clients with labor and employment cases. Mohamed Riad , Fatma Salah, and Eman Riad are the trio at the top of the practice. Salah is well-versed in areas such as construction and corporate law, while Eman Riad has a focus on labor and employment litigation, and Mohamed Riad’s specialisations include trade investigations and IP disputes.

Practice head(s):

Mohamed Riad; Fatma Salah; Eman Riad

Key clients

GS E&C

Acciona

Nufarm

Kellogg Tolaram Noodles Egypt

Al Aseel

Beijing Emirates Construction Group (BEC)

Music and Entertainment Rights Licensing Independent Network Limited (MARLIN)

Medtronic

British Airways

Acino Pharma

DNV GL

G4S

Coats

SEDCO

Pedon SPA

Work highlights

  • Advising Acciona, the Spanish multinational conglomerate in a dispute with the main contractor under a subcontract agreement in relation to the Grand Egyptian Museum project.
  • Representing GS E&C, a well-known Korean architecture and engineering company, in a multi-million dollars’ dispute before Egyptian courts with a local subcontractor in relation to complex payments dispute for “time extensions” and “inadequate/incomplete specifications”.
  • Successfully represented Kellogg Tolaram Noodles Egypt, a leading multinational food manufacturing company, in connection with a claim against the Egyptian Notary Public Authority for the refund of unduly collected Notarization Fee. The Claim was initiated before the Investment Dispute Resolution Committee and the latter issued its decision in favour of the client.

Egypt > Energy Tier 2

The energy and project finance department at Riad & Riad is regularly involved in local and cross-border energy transactions for developers, borrowers, and financiers. The team’s expertise spans renewable energy, including waste-to-energy projects, as well as oil and gas. Projects are accompanied from proposed corporate structure and securing authorisations to drafting contracts and achieving financial close. Fatma Salah and Mohamed Riad jointly head the practice and are both particularly well-versed in dispute resolution matters.

Practice head(s):

Fatma Salah; Mohamed Riad

Testimonials

‘In relation to the work we have been doing with Riad & Riad, the most important value-add has been the team’s knowledge of the energy industry and their ability to answer complicated questions. Riad & Riad have also advised on some of the most important energy projects in Egypt which has been very important for the work we are currently advising on. The team is responsive and can provide detailed advice at short notice.’

‘We worked with Riad & Riad on an upstream oil and gas project. Our point of contact was Dr Fatma Salah. It was good to see that she utilised other subject matter experts where necessary. Our impression was that the firm operates as a cohesive whole (rather than in silos), and is well-resourced. We expect clients in the oil industry would be impressed by Riad & Riad’s responsiveness and sector expertise. We found Riad & Riad’s fees to be reasonable and services were delivered within agreed parameters.’

‘What I liked about working with Dr Salah is that, in addition to the excellent Egyptian law advice and analysis she provides, Dr Salah has great oil sector and market knowledge. We work with local counsel in several jurisdictions and consider that Dr Salah stands out from competitors by virtue of her combination of legal and industry know-how adds additional value and depth to her advice.’

‘Our firm regularly uses Riad & Riad for advice on Egyptian law. I recently worked with the energy team on a country entry for a major international oil company. The team has excellent knowledge of both local law and practice. Their research of applicable case law and analysis was spot on. Generally, the advice I received was relevant, commercial and helpful to the client. This is not always the case when dealing with local law firms. Riad & Riad circulates a regular newsletter on developments in Egyptian law (including laws relevant to the energy industry) which I find very useful.’

‘I would highly recommend Dr. Fatma Salah. Dr. Fatma has impressive knowledge of Egyptian law and practice. Her key strength is applying the law in the context of the energy industry and prevailing government practices – which I understand are not always consistent in Egypt. This results in advice which is practical and commercially relevant. In addition, she is very responsive and easy to work with.’

Key clients

EBRD – European Bank for Reconstruction and Development

Al-Hokair Group

Eni, S.P.A

ECS (Energy and Contracting Solutions)

FAS Energy

British Petroleum (BP)

ExxonMobil

Maersk Drilling

GS E&C

Assystem for Engineering Services

Bombardier Alstom

Taisei

AVIC International

Work highlights

  • Appointed by the European Bank for Reconstruction and Development (EBRD) among a consortium with DNV GL and CMS International Law Firm to provide comprehensive support to Egypt ERA for refining and implementing a regulatory framework for successful private sector participation in the electricity market and implementing a successful market opening for private-to-private projects, in full compliance with the provisions of the Electricity laws and regulations as well as the international best practices.
  • Representing the Saudi Arabian group Al-Hokair in its prominent project with the New Urban Communities Authority (NUCA) to set up a waste-to-energy (WtE) facility in 10th of Ramadan City with investment value of USD 100 million.
  • Acted as the local counsel for Eni, the Italian multinational oil and gas company, in the landmark transaction relating to the restructuring of Damietta LNG facility as well as the settlement negotiation in relation to the USD 2 Billion arbitration award against the Egyptian Government. Our role included advising Eni on the acquisition of 50% of Union Fenosa Gas’ shares in SEGAS company, as a part of a big settlement agreement concluded with the Egyptian Government in relation to Damietta LNG project.

Egypt > Projects and infrastructure Tier 2

Riad & Riad individuals always provide a satisfying level of clarity and responsiveness’, says a client about the firm’s project and infrastructure department. Checking compliance, securing authorisations and drafting corporate documents are amongst the services offered to clients. Fatma Salah and Mohamed Riad jointly lead the team, with both having extensive experience in a host of sectors including construction and energy.

Practice head(s):

Fatma Salah; Mohamed Riad

Testimonials

Excellent Egyptian law firm able to interface seamlessly with international counsel.’

‘Fatmah Salah is an experienced dispute resolution lawyer who is very responsive and commercial. Would highly recommend.’

‘Riad & Riad team has demonstrated great support to their clients. working with them in two projects now, I find them the most convenient law firm, as they put the client’s interest as their first priority. The diversity of issues that Riad & Riad can work with made them always our first choice. For instance, their experience in dealing with matters related with construction contracts, disputed government related liabilities (taxes, social insurance), etc.’

‘Riad & Riad individuals always provide a satisfying level of clarity and responsiveness. Also we were always confident that Riad & Riad management properly contributed in any legal service provided to us.’

‘We worked with Riad & Riad on an upstream oil and gas project. Our point of contact was Dr Fatma Salah. It was good to see that she utilised other subject matter experts where necessary. Our impression was that the firm operates as a cohesive whole (rather than in silos), and is well-resourced. We expect clients in the oil industry would be impressed by Riad & Riad’s responsiveness and sector expertise. We found Riad & Riad’s fees to be reasonable and services were delivered within agreed parameters.’

‘What I liked about working with Dr Salah is that, in addition to the excellent Egyptian law advice and analysis she provides, Dr Salah has great oil sector and market knowledge. We work with local counsel in several jurisdictions and consider that Dr Salah stands out from competitors by virtue of her combination of legal and industry know-how adds additional value and depth to her advice.’

‘Riad & Riad is our go to practice for advice on Egyptian law. I recently worked with the energy team on a country entry for a major international oil company. The team has excellent knowledge of both local law and practice. Their research of applicable case law and analysis was spot on. Generally, the advice I received was relevant, commercial and helpful to the client. This is not always the case when dealing with local law firms. Riad & Riad circulates a regular newsletter on developments in Egyptian law (including laws relevant to the energy industry) which I find very useful.’

‘I would highly recommend Dr. Fatma Salah. Dr. Fatma has impressive knowledge of Egyptian law and practice. Her key strength is applying the law in the context of the energy industry and prevailing government practices – which I understand are not always consistent in Egypt. This results in advice which is practical and commercially relevant. In addition, she is very responsive and easy to work with.’

Key clients

Bombardier Alstom

Fawaz Al-Hokair Group

DNV GL

Eni, S.P.A

Aviation Industry Corporation of China (AVIC)

FAS Energy

ECS – Energy and Contracting Solutions

Acciona

Kelloggs Tolaram Noodles Egypt

SADA Pack

Saraya

GS E&C

Taisei Corporation

Airport City Real Estate Co.

Work highlights

  • Advising Bombardier Transportation, the global mobility leader, in relation to its EPC contract with the Egyptian National Tunnel Authority regarding the mega project of the Monorail Transportation System for the New Administration Capital and the 6th of October City.
  • Representing the Saudi Arabian group Al-Hokair in its prominent project with the New Urban Communities Authority (NUCA) to set up a waste-to-energy (WtE) facility in 10th of Ramadan City with investment value of USD 100 million.
  • Advising the consortium of China Railway Group Limited & AVIC International Holding Corporation in relation to the 10th of Ramadan Railway Project. We provided our legal support in relation to the EPC Contract with National Authority for Tunnels (“NAT”) at a total value of $1.2 billion.

Egypt > Dispute resolution: arbitration Tier 3

Riad & Riad handles high-value ad-hoc arbitrations before major institutions with the ability to combine multiple practice specialities and assist in cross-border matters. Additionally, the firm has a specialised team representing clients in labour arbitration cases, which includes labour law specialist Eman Riad. She leads the arbitration practice together with Fatma Salah, who has particular experience in the areas of construction, pharma, distribution and energy.

Practice head(s):

Fatma Salah; Eman Riad

Testimonials

‘Team with a huge legal background, with capabilities to interact with other locations and able to provide support on matters involving complex approach in terms of jurisdictions involved (contract governing law, arbitration procedure, etc). Collaboration with other firms in other locations is an added value for this firm, that makes a difference in comparison with other firms in Egypt.’

‘Fatma Salah is a great partner, with extended legal background and a key expert in arbitration, she is committed with all the cases under her portfolio, not only coordinating the team but also with direct participation, which is an added value in comparison with others competitors.’

Key clients

No NGS E&C

Acciona

Kellogg Tolaram

SEDCO

British Airways

Brilliance

SEDCO

The firm: Riad & Riad is a full-service Egyptian law firm offering legal services on a wide variety of legal areas. We provide legal advice and represent major local as well international companies and financial institutions from all over the world in relation to their business in Egypt, including the United States, Europe, the Middle East, and Asia.

We distinguish ourselves on the accessibility of our partners. Our partners have hands-on involvement which means that clients can always benefit from their experience. We operate pro-actively to deliver practical, cost effective and relationship-driven client service. The firm’s approach is to assign works to lawyers who have the appropriate level of experience so that the legal fees are commensurate with the complexity of the assignment.

Riad & Riad offers its services in a wide variety of areas with specific focus on corporate, M&A, labour and employment, banking, energy, infrastructure, project finance, litigation and dispute resolution.

Areas of practice: R&R provides legal advice to leading global and domestic corporations, investment banks, private equity providers and state entities from all sectors, in relation to their corporate activity in Egypt. Our services cover corporate secretarial work, mergers & acquisitions of public and private entities, restructurings, private equity and venture capital, shareholders agreements, shareholders and directors’ responsibilities, disclosures obligations and corporate governance.

Our funds and international investment management team has extensive experience in both domestic and cross-border transactions. We advise on fund formation, licensing, tax, transactional as well as M&A. we also advise private equity sponsors and investment funds on their investments and co-investments.

We frequently work together on multi-jurisdictional matters as we are the best friend firm for most of the Magic Circle and Silver Circle law firms, this helps clients to get integrated legal services and successfully close strategic transactions.

We have significant experience in the field of capital markets. We advise a number of national and international clients on a wide range of issues related to securities and derivatives. Our work includes advising on the mandatory purchase offer requirements under the Capital Market Law, preparing the documents required for executing of transactions and obtaining the approval (or exemption) of the Egyptian Financial Supervisory Authority (FRA) and the Egyptian Stock Exchange and dealing with various regulators.

Our energy and project finance team has extensive experience in both local and cross-border finance transactions. We act on behalf of developers, borrowers and financiers in various industrial sectors including renewable energy and infrastructure projects. R&R handles all local legal-related work required to be performed by financing institutions and developers in connection with achieving financial close. R&R works alongside international counsel to ensure that our clients receive a global best practice approach that meets overall project objectives. We have good relations with the governmental authorities and can communicate with them proficiently.

Over the past years, we have successfully built our oil and gas and mineral resources experience. Our team has an established experience in advising IOCs in relation to the Egyptian legal and regulatory frameworks, concession agreements, direct and indirect assignment of rights, pre-emption rights, drafting agreements including services, sales, farm-in/out and joint venture/operation agreements and liaising and negotiating with
the various authorities.

R&R has also accumulated experience in handling employment, labour and social insurance law matters. Riad & Riad is recognized as one of the “go to” labor and employment law firms in Egypt.  The employment team has academic and professional credentials, as well as intensive practical experience.

The banking and project finance team has extensive experience in both domestic and cross-border finance transactions. It advises significant domestic Egyptian and international banks as well as several international financial institutions. The firm acts on behalf of both lenders and borrowers across major industries including renewable energy, oil and gas, and infrastructure projects.

Riad & Riad has also rich practical experience in taxes, trade remedies and customs regulations. Our team combines both the technical knowledge of the various Egyptian tax laws and the hands-on experience. We work with our clients on an on-going basis to identify and maximize tax saving opportunities while minimizing tax liabilities in compliance with the applicable laws and regulations. Our scope of business includes advising on corporate taxes, and income and salaries taxes, foreign remittances, VAT and double taxation agreements. We also provide legal advice on Egyptian customs law, including customs classification, customs valuation, pre-shipment inspection, disputes on rules of origin, import and export licensing, and tariffs.

Riad & Riad has a specialized arbitration and dispute resolution team. The members of our team have extensive experience in handling high-value ad-hoc as well as institutional arbitrations according to the rules of major arbitration institutes including ICC, ICSID and CRCICA. We handle complex litigation with high value and high-profile disputes, involving high strategic advice, multiple practice specialties and cross border proceedings.

DepartmentNameEmailTelephone
Corporate, compliance procedures and corporate governance Eman Riade.riad@riad-riad.com
Joint Ventures and Corporate Formation Fatma Salahf.salah@riad-riad.com
Mergers and acquisitions Mohamed Riadm.riad@riad-riad.com
Mergers and acquisitions Eman Riade.riad@riad-riad.com
Commercial contracts Fatma Salahf.salah@riad-riad.com
Commercial contracts Eman Riade.riad@riad-riad.com
Energy and Infrastructure Projects Fatma Salahf.salah@riad-riad.com
Energy and Infrastructure Projects Mohamed Riadm.riad@riad-riad.com
Energy and Infrastructure Projects Heba ElKadyh.elkady@riad-riad.com
Oil, Gas and Natural Resources Fatma Salahf.salah@riad-riad.com
Banking Mohamed Riadm.riad@riad-riad.com
Banking Fatma Salahf.salah@riad-riad.com
Projects and construction Fatma Salahf.salah@riad-riad.com
Projects and construction Mohamed Riadm.riad@riad-riad.com
Taxes, Customs Law & Trade Remedies Fatma Salahf.salah@riad-riad.com
Employment and labour Eman Riade.riad@riad-riad.com
International trade, customs and trade remedies (anti-dumping and safeguards) Fatma Salahf.salah@riad-riad.com
Litigation and dispute resolution Mohamed Riadm.riad@riad-riad.com
Litigation and dispute resolution Omayma Ragabo.ragab@riad-riad.com
Arbitration Fatma Salahf.salah@riad-riad.com
PhotoNamePositionProfile
Omayma Ragab photo Omayma RagabSenior Associate at Riad & Riad Law Firm
Dr Eman Riad photo Dr Eman RiadPartner at Riad & Riad Law Firm
Mohamed Riad photo Mohamed RiadPartner at Riad & Riad
Dr. Fatma Salah photo Dr. Fatma SalahPartner at Riad & Riad
Number of lawyers : 35
Arabic
English
French
American Chamber of Commerce in Egypt (AmCham)
AHK
British Egyptian Business Association (BEBA)
Office Address : 10 El-Batal Ahmed Abd El-Aziz St.,Floor 12, Dokki, Giza, Egypt.

Legal Framework Of The Pharmaceutical Sector In Egypt

  • Introduction
  • Regulatory Authorities
  • Licensing Pharmaceutical Entities
  • Warehousing
  • Selling Pharmaceutical Factory
  • Drug Registration
  • Drug Marketing & Advertisement
  • Drug Pricing
  • Scientific Offices
  • Drug Manufacturing
  • Drug Distribution
  • Drug Importation
  • Drug Exportation

INTRODUCTION

Having an effective and enforceable legal structure for the pharmaceutical sector is an essential element in achieving the country's goals of accessibility, quality, and rational use of medicine.

This report aims to review the current pharmaceutical sector-related legal provisions in Egypt. The pharmaceutical sector in Egypt is mainly regulated by law No. 127 of 1955 on the Pharmacy Profession (“Pharmacy Law”) and other decrees and internal circulars issued by MoH and its affiliated bodies.

One of the constitutional rights under the Egyptian Constitution, as amended in 2014, is the healthcare right. Part of the healthcare right is the accessibility of medicines in an equal manner and at affordable prices. The Constitution mandates on the Government to spend at least 3% of the GDP on healthcare. Such percentage is supposed to gradually increase to reach the international standards.


Release Of Egypt’s First Central Movable Collateral Registry

The Egyptian Financial Regulatory Authority (“FRA”) announced the launch of the Egypt's first central movable collateral registry.

Egypt had its first Movable Collaterals Law on 15 November 2015 (Movable Collaterals Law no. 115/2015), and the Ministry of Investment passed the Executive Regulations On 15 December 2016.

The law introduced an overarching system for taking non-possessory security over diversified movable assets. It aims at facilitating access to credit through a well-defined legal regime that is in line with the international standards, such as those established by the United Nations Commission on International Trade Law (UNCITRAL) and by the World Bank.