Riad & Riad > Cairo, Egypt > Firm Profile

Riad & Riad > Firm Profile

About the firm: Riad & Riad is a full-service law firm in Egypt offering legal services on a wide variety of legal areas. The firm provides legal advice and represent major local and international companies and financial institutions from all over the world in relation to their business in Egypt.

The firm distinguishes itself on the accessibility to its partners. They operate pro-actively to deliver practical, cost effective and relationship-driven client service. The firm’s approach is to assign work 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 multinational and domestic corporations, investment banks, private equity funds and state entities from all sectors. 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, data protection, consumer protection and anti-trust and protection of competition.

The 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.

The firm frequently works on multi-jurisdictional matters as they 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.

The firm has significant experience in the field of capital markets. They advise a number of national and international clients on a wide range of issues related to securities and derivatives. The firm’s 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.

The Firm’s energy and project finance team has extensive experience in both local and cross-border finance transactions. They 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. They have good relations with the governmental authorities and can communicate with them proficiently.

Over the past years, Riad & Riad has successfully built its oil and gas and mineral resources experience. Its 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.

Riad & RIad has also accumulated experience in handling employment, labour and social insurance law matters. The firm is recognized as one of the “go to” labour 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. The team combines both the technical knowledge of the various Egyptian tax laws and the hands-on experience. They work with 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. The 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 the 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.

Lawyer Profiles

Photo	Name	Position	Profile
	Prof Dr Eman Riad	Partner	View Profile
	Mr Mohamed Riad	Partner	View Profile
	Prof Dr Fatma Salah	Partner	View Profile

Press Releases

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.

Legal Developments

Egypt’s New Bankruptcy Law

On 19 February 2018, a new law no. 11/2018 was issued regulating the restructuring, preventive reconciliation and bankruptcy in Egypt (the" Bankruptcy Law"). The law entered into force as of 22 March 2018.

The law introduces for the first time an out-of-court restructuring system which helps troubled companies reorganize their business. In the meant time, courts are given the authority to enforce a restructuring plan if a consensual solution is not reached. Also a new court supervised mediation system is introduced.

Egypt’s New Labor Union Law

A new labor union organizations law was issued last December under Law No. 213/2017 (the “Law”) replacing previous labor union organizations law No. 35/1976. The Law explicitly provides for the prohibition of establishing labor unions based on religious or political grounds or incorporating discriminative rules in the articles of association of such organizations.

Substantial Amendments To Egypt’s Companies Act

A new law is issued in Egypt to amend the Joint Stock Companies, Partnerships Limited by Shares and Limited liability Companies, known as the Companies Act no. 159 of 1981 (the "Law"). The amendments are effective as of 17 January 2018.

This report will summarize the main amendments introduced.