Matouk Bassiouny

We are pleased to share Matouk Bassiouny & Hennawy’s (“MBH”) contribution to Chambers and Partners Oil, Gas, and the Transition to Renewables 2024 Global Practice Guide in Egypt. This guide focuses on Egypt's latest legal information on the oil and gas industry as well as the measures taken to transition to renewables. The guide covers the general structure of hydrocarbon ownership and regulation, private investment in hydrocarbons (upstream and downstream), foreign investment, environmental, health, and safety, impacts of energy transition, and other supplementary information and insights. Authored by Mahmoud Bassiouny (Regional Managing Partner and Group Head of Finance & Projects), Nadia Abdallah (Counsel), and Amgad Nagy (Senior Associate). Check out the guide here: https://lnkd.in/dgdE7KTU To learn more please visit our website: www.matoukbassiouny.com

We are pleased to share Matouk Bassiouny & Hennawy’s (“MBH”) contribution to GAR MEA’s Arbitration Review for 2024. This article outlines the main features of Egypt’s arbitration legal framework and covers key developments in arbitration in 2023. It highlights the main arbitration principles established by the courts in 2023 concerning, inter alia, the scope and effect of the doctrine of res judicata, the applicability of the IBA Guidelines under Egyptian law, the consequences of not adhering to pre-arbitration conditions, the possibility to waive the right to enforce an arbitral award and the pro-validation approach undertaken by courts. F. John Matouk (Founding Partner and Group Head of Dispute Resolution) and Dr. Amr Abbas (Partner and Head of Arbitration and Co-Head of Competition) co-authored this year’s Egypt article. Khaled Abouelwafa (Senior Associate), Mohamed Magdy (Associate), Ingy Ihab (Junior Associate), and Gilane El-Zayat (Junior Associate) also contributed to this article. Check out the article at: https://lnkd.in/dzbQzxsb.

We are pleased to announce that Matouk Bassiouny & Hennawy (“MBH”) acted as legal counsel to Tasaheel تساهيل (“Tasaheel”) in connection with an EGP 3.831 billion social sustainability securitization transaction. This transaction is the second issuance of Capital’s Fourth securitization program amounting to an aggregate of EGP 13 billion. The MBH team advising on the securitization was led by Mohamed Abdel Fattah (Partner and Head of Capital Markets), Ashraf Hendi (Partner), and included Khaled Abdul Wahab (Senior Associate), Esraa Mohamed (Senior Associate) and Habiba El Naggar (Associate). CI Capital was also involved in the transaction as the financial advisor, Russel Bedford as the Auditor, Capital Securitization Company as the Securitization Company, Middle East Rating & Investors Service (“MERIS”) as the rating agency, and Moody’s Investors Service as the Social Sustainability Consultant. To learn more, please visit www.matoukbassiouny.com

We are pleased to announce that Matouk Bassiouny & Hennawy (“MBH”) acted as legal counsel to Halan for Consumer Finance S.A.E. (“Halan - حالا”) in connection with an EGP 1.171 billion and an EGP 1.619 billion securitization transactions. These transactions are the first and second issuances of Capital’s Seventh securitization program amounting to an aggregate of EGP 8 billion. The MBH team advising on the securitization was led by Mohamed Abdel Fattah (Partner and Head of Capital Markets), Ashraf Hendi (Partner), Imane Raouf (Partner), and included Khaled Abdul Wahab (Senior Associate), Esraa Mohamed (Senior Associate), and Habiba El Naggar (Associate). Commercial International Bank S.A.E. (CIB) was also involved in the transaction as the financial advisor, Russel Bedford as the Auditor, Capital Securitization Company as the Securitization Company, and Middle East Rating & Investors Service (“MERIS”) as the rating agency. for more information about MBH, please visit our website: https://lnkd.in/dFNRaKX

We are pleased to announce that Matouk Bassiouny & Hennawy (“MBH”) acted as legal counsel to Otsuka Holdings Co., Ltd. (“Otsuka”), a prominent a holding company, which operates various businesses such as pharmaceuticals, nutraceuticals and consumer products, in connection with the CIB Egypt’s (“CIB”) divestment in Egypt Otsuka Pharmaceuticals (“EOP”) where Otsuka acquired CIB’s 12% equity stake. Through this acquisition, Otsuka seeks to strengthen its operations in the MENA region, with a particular focus on Egypt, to meet the growing demand for its products in the MENA region. In 2019, MBH played a crucial role by advising Otsuka in the strategic sale of a 12% stake to CIB. This partnership not only reinforced EOP’s market position but also facilitated new growth opportunities, further enhancing its commitment to improving healthcare outcomes. The MBH team advising on the transaction was led by Amr Baggatto (Partner) and included Hana Wafa (Associate), while Zaki Hashem, Attorneys at Law acted as legal counsel to CIB. For more about Matouk Bassiouny, check out our website at https://lnkd.in/dFNRaKX.

We are pleased to announce that Matouk Bassiouny & Hennawy (“MBH”) acted as the legal counsel to Noatum Maritime S.L.U (“Noatum”) – a leading multinational group in transport and logistics services, and an Abu Dhabi Ports – in connection with its acquisition of a majority stake in Safina International B.V. (“Safina B.V.”), which owns Safina Shipping Services S.A.E, a leading provider of maritime agency and cargo services in Egypt and across the Middle East region. The acquisition by Noatum marks a significant strategic development for the Spanish company to enhance its service offerings and strengthen its presence in key markets across Egypt, the Middle East, and North Africa. Safina B.V. operates from 6 strategic locations across Egypt, including its headquarters in Cairo, providing essential services across 15 Egyptian ports, including major hubs like Sokhna, Adabiya, Damietta, Port Said, and Alexandria. The MBH team advising on the transaction was led by Omar Bassiouny (Founding Partner and Group Head of Corporate and M&A) and Salma El Refaie (Senior Associate). Tamer Fawki (Partner and Head of Employment) and Nourhan Sayed Shaaban (Associate) oversaw and advised on the employment aspects of the transaction. For more about Matouk Bassiouny, check out our website at https://lnkd.in/dFNRaKX.

We are pleased to share Matouk Bassiouny & Hennawy’s (“MBH”) contribution to the Legal 500 Competition Litigation 2024 Country Comparative Guide in Egypt. This guide provides a practical overview of the laws and regulations in Egypt including competition damages claims and their commencement, remedies available to claimants, the measure of damages, limitation periods, suspension mechanisms, the applicable standard of proof, enforcement, mechanisms available to aggregate competition claims, the permittance of experts, calculation of interest, the main obstacles to litigating competition damages claims, and the future developments affecting the practice. Authored by Dr. Mohamed S. (Partner and Head of Litigation), Dr. Amr Abbas (Partner and Head of Arbitration), Mariam Metwally (Senior Associate), Hesham Elwakeel (Associate), and Mohamed Abdelhay (Associate). Check out the guide at: https://lnkd.in/dWcjpdr2 To learn more about Matouk Bassiouny, please visit: https://lnkd.in/dFNRaKX

We are pleased to announce that Matouk Bassiouny & Hennawy (“MBH”) acted as the lead transactional legal counsel to Lucky ONE, a Cairo-based fintech company, in connection with securing USD 3 million from its funding round in the form of a convertible note, handling all matters concerning its legal efficacy, negotiation, and closing. The funding round included Lorax Capital Partners, KEM, and DisrupTech Ventures The newly obtained capital injection will bolster Lucky One’s efforts to become profitable and help align with Egypt’s national financial inclusion agenda. The MBH team advising on the matter was led by Mohamed Essam (Partner and Head of Fintech & Emerging Companies and Venture Capital), Moustafa Rizk (Associate), and Dina Kamel (Associate). For more information about Matouk Bassiouny, please visit www.matoukbassiouny.com

For the fifth year in a row, Matouk Bassiouny & Hennawy (“MBH”) hosted the Egyptian National Rounds of Foreign Direct Investment International Arbitration Moot Court (“FDI Moot”) The FDI Moot is a platform for students to sharpen their skills in international investment arbitration, understand complex legal concepts and issues, and gain practical experience and advocacy skills. Upon the conclusion of the rounds, the GUC Team emerged victorious and won first place, while the Cairo University Team was the first runner-up. Ms. Jana Elsherbeeny won the best oralist in the final round. For the individual awards, Mr. Raheem Emam won the best oralist in the preliminary round; the first runner-up was Sumaya A., the second runner-up was Cinderella Montasser, and the third runner-up was Elhussein Salem. Congratulations to the winners and all other teams who participated fiercely and competitively. Partner and Head of Arbitration, Dr. Amr Abbas commented “At MBH, we are deeply committed to the growth and development of future legal professionals. By supporting initiatives like the FDI Moot, we aim to foster a new generation of lawyers who are well-prepared to navigate the global legal landscape. Congratulations to all the participants for their hard work and dedication.” See you next year!   For more information about Matouk Bassiouny, please visit our website at: www.matoukbassiouny.com

Check out our latest news alert pertaining to the exemption of hotels and touristic establishments from the mandatory contribution to the Ministry of Manpower Vocational Training Fund, with insights from Tamer Fawki (Partner, Head of Employment & Labor) and Momen Rezk (Partner). For more information about the article and other insights, please visit https://lnkd.in/dPmxZWaF.