Shalakany has successfully defended its client, a hotel operator, in a court case brought against the client before an Egyptian court. The dispute stems from a hotel management agreement and involved allegations of contractual breach with claims for substantial compensation. The case was filed at court in October 2022. Shalakany managed to secure a favourable decision […]
Fintech startup Blnk has raised USD23.7 million in equity and debt funding, and USD8.3 million in securitized bond issuance to accelerate financial inclusion within underserved communities across the country. The funds will support further development
The first edition of Legalcommunity MENA Awards is fast approaching. The event will be taking place in Cario, at Hilton Cairo Heliopolis Hotel, on the 21st of December. The award ceremony will
Matouk Bassiouny & Hennawy (“MBH”) acted as the legal counsel to Sky Ports (under incorporation) (“Sky Ports” and the “Concessionaire”) in connection with the negotiating, reviewing and drafting of concession agreement entered with the
Deal & transactions
Egypt
Energy & Trading
MBH with TSFE on Egypt’s Green Energy Framework Agreements
Matouk Bassiouny & Hennawy (“MBH”) acted as the Egyptian legal counsel to the TSFE Infrastructure & Utilities Sub Fund (“TSFE”) in connection with the negotiation of framework agreements entered into separately with 9 developers to develop
Global green energy company, Fortescue Future Industries (“FFI”) has signed a Memorandum of Understanding (“MoU”) to conduct studies with a view to developing green hydrogen production in the Arab Republic of Egypt. The signed
German rail mobility solutions provider, Deutsche Bahn International Operations (“Deutsche Bahn”), part of DB E.C.O. Group; and Elsewedy Electric have signed a 15 years operations and maintenance agreement with National Authority
Renewable energy solutions provider Scatec along with its partners Fertiglobe (the strategic partnership between OCI N.V. and ADNOC), Orascom Construction, and The Sovereign Fund of Egypt, has announced the start of the commissioning
The Sovereign Fund of Egypt (“TSFE”) and education management firm Egypt Education Platform (“EEP”) have successfully entered into a joint acquisition of an undisclosed majority stake in the educational publishing entity
Helmy Hamza & Partners, Baker McKenzie Cairo office, has advised the National Egyptian Railway Industries Company (“NERIC”) on its first offtake and supply agreement with Hyundai Rotem, the South Korean heavy industry company and the
