1 Shahid Law Firm congratulates its Managing Partner, Girgis Abd 49 El-Shahid, for being recognized for the fifth time in a row by Who’s Who Legal as a future leader in the international arbitration community. thelaw.me 2 Shalakany announced that it is collaborating with the School of Transnational Law, Peking University, to host an upcoming Admissions & Scholarship Workshop. The purpose of the Workshop is to expose potential candidates, whether Egyptian law students or lawyers to an opportunity to pursue an LL.M degree at China’s top University for Law. 3 Adsero has gladly announced the close of the first M&A “Ezdehar acquires majority stake in Rich Food: Ezdehar’s Egypt Mid-Cap Fund has acquired a majority stake in the meat products and cold cuts company Rich Food” 4 ADSERO-Ragy Soliman & Associates is proud to announce that seasoned litigator Osman Mowafy has joined the firm as a co-founding partner to lead the firm’s dispute resolution practice group. 5 We advised @Velvet CARE sp. z o.o., a portfolio company of Abris Capital Partners, in the acquisition of 100% shares in Moracell. The transaction was led by Łukasz Targoszyński, Tomas Skoumal, Michal Simcina and Dušan 6 Shalakany is delighted to announce that we will be holding our Conference “Food Industries: Between Law and Practice” in Cairo on 4 February 2020. The Conference will aim to introduce key legislations governing the F&B sector, tackle current challenges and topics, and showcase the latest major developments and trends. 7 Delighted to have been invited to attend the UK-Africa Investment Summit 2020 in London, during which Egypt and the UK signed deals worth billions. The Summit brought together the UK and African business representatives, African leaders and delegations, international institutions, and young entrepreneurs, in order to secure investment deals and showcase the UK’s expertise to ambitious African firms. 8 Andersen Tax & Legal Egypt has shared expertise to conclude a study for Doing Business 2020, a publication issued by the World Bank group comparing business regulations in 190 economies globally.
thelaw.meOIL 50 &GAS NEWS
1 Egypt’s petroleum minister has recently signed nine agreements on 51 oil and gas exploration in the Mediterranean and Western Desert with total investments of dollars 452.3 million. thelaw.me -According to ‘State Information Service’ (SIS) 2 The US “Chevron” Company, Shell, and the UAE’s Mubadala have won first bid for oil and gas exploration in Red Sea. -According to ‘Egypt Today’ 3 Iraq is set to hold a fifth bidding round for exploration and development of natural gas fields in an eastern province of the country. -According to ‘Oil Price’ 4 As part of its global program to sell assets, Exxon prepares sale of UK and German Oil & Gas assets. -According to ‘Oil Price’ 5 Libya’s National Oil Company has confirmed that is has lost virtually all of its oil production. -According to ‘Libya Herald’ 6 The world’s newest oil frontier, Guyana, has officially shipped its very first batch of crude oil. -According to ‘Oil Price’ 7 Algerian national oil company Sonatrach has awarded a $3.7 billion engineering, procurement, construction and project management (EPC&PM) contract for a new refinery to a joint venture of Samsung Engineering and Tecnicas Reunidas (TR). -According to ‘Rigzone’ 8 Egypt is planning to reduce the number of spot liquefied natural gas cargoes it offers and to negotiate long-term sales deals with customers instead, because of plummeting prices. -According to ‘Bloomberg’ 9 Integrated Logistics, a subsidiary of Integrated Holding Company, signed a deal with the main contractor of the Bahrain Petroleum Company’s (BAPCO) refinery development project to provide and operate cranes -According to ‘Egypt Oil & Gas’ 10 The joint investment of Jordanian, Kuwaiti and American investors that had received initial approval from Jordan’s Ministry of Energy, “Maan”, is anticipated to commence production in H2 2024. -According to ‘Jordan Times’
thelaw.meECO- 52 NOMIC NEWS
1 The Egyptian Competition Authority (ECA) has approved of Uber’s 53 merger deal with Careem and their subsequent operations in the country in accordance to certain regulatory obligations and restrictions. thelaw.me -According to ‘Egyptian Streets’ 2 First Abu Dhabi Bank (FAB) confirms the ongoing exclusive discussions with Bank Audi to acquire its fully-owned subsidiary in Egypt, Bank Audi-Egypt. -According to ‘Al Mal’ 3 Sainsbury’s and Asda supermarkets plan to merge in a deal that could create the UK’s biggest retailer with more than a third of the grocery market. -According to ‘Euronews’ 4 Britain’s Vodafone is joining with Idea Cellular in a deal worth the equivalent of 21.3 billion euros. -According to ‘Euronews’ 5 The European Union, China and 15 other World Trade Organization members agreed on Friday to create a temporary mechanism to settle trade disputes after U.S. action rendered the WTO incapable last month of acting as the umpire of global trade. -According to ‘Washingtonpost’ 6 India faces first fall in direct taxes in at least two decades -According to ‘Reuters’ 7 The New York Federal Reserve on Thursday accepted all $44.15 billion in overnight bids from primary dealers in a repurchase agreement (repo) operation meant to keep the federal funds rate within the target range. -According to ‘New York Reuters’ 8 The European Central Bank will still be missing its inflation target of just under 2% in 2022. -According to ‘ECB’ survey data 9 Egypt’s economy is likely to grow 5.8% in the current fiscal year ending on June 30, and 5.9% in 2020/21. -According to ‘Cairo Reuters’
54 thelaw.me LEGAL Orascom construction DIRECTORY 2005A, CORNICHE EL NILE CITY SOUTH TOWER, 12TH FLOOR, CAIRO, EGYPT WWW.ORASCOM.COM Zulficar & partners +20(2) 2461-2161 +20(2) 2461-2165 Al Tamimi & Co NILE CITY BUILDING, SOUTH TOWER, +20 2 3368 1000 EIGHTH FLOOR, 2005 A CORNICH EL NIL, RAMLET BEAULAC 11221, CAIRO, EGYPT WWW.ZULFICARPARTNERS.COM +20 2 3368 1002 STAR CAPITAL TOWER - Matouk Bassiouny & Hennawy BUILDING NO. 5 &7 (202) 2796 2042 GEZIRET EL ARAB STREET, 10TH FLOOR MOHANDESEEN, GIZA WWW.TAMIMI.COM (202) 2795 4221 12 MOHAMED ALI GENAH, GARDEN CITY, CAIRO, EGYPT WWW.MATOUKBASSIUONY.COM
Sharkawy sarhan +(202) 2322 5400 +(202) 2322 4301 ARABELLA PLAZA, BUILDING 2, NEW CAI- Al kamel law firm RO, EGYPT 02 3761 5271 WWW.SHARKAWYLAW.COM 02 3761 5272 [email protected] 17 NABIL EL WAKAD ST., DOKKI, GIZA – EGYPT 12311 Arab legal consultants Shalakany law office (202) 3336 4313 +20 (2) 272 88 888 (202) 3338 6749 5 ABD ELKAWY SHAMS, DOKKI, GIZA +20 (2) 273 70 661 WWW.ALC.LAW 12, MARASHLY ST, ZAMALEK, CAIRO, International Advisor Group ( IAG) law firm 11211, EGYPT 222684542 222684543 [email protected] 222684563 222684564 222684565 222684567 thelaw.me 55
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 Banking and Project Finance, Mergers and Acquisitions, Capital Market Procedures and Transactions, Oil & Gas, IT, Anti-Trust, Litigation and International Arbitration. 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 has eight partners and more than 40 associates. CONTACT US NILE CITY BUILDING, SOUTH TOWER, +20(2) 2461-2161 EIGHTH FLOOR, 2005 A CORNICH EL NIL, RAMLET BEAULAC 11221, CAIRO, EGYPT +20 100 130 9412 WWW.ZULFICARPARTNERS.COM +20(2) 2461-2165
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