Global law firm HFW acted as legal counsel on the launch of the shipping industry’s inaugural sustainable fund. The fund, known as Low Emission Methanol Shipping Company (LEMSCO), was initiated by maritime investment advisor ProMarine AG and encompasses an initial portfolio of four methanol-fueled MR tankers acquired from Proman and Stena Bulk. Backed by equity […]
Deal & transactions
TMT
United Arab Emirates
Al Tamimi & Co. and Harvey Transforming MENA Legal Landscape
In a strategic move set to revolutionize the legal landscape in the Middle East and North Africa, Al Tamimi & Company, the region’s premier law firm, has joined forces with Harvey, a leading provider
Clifford Chance has acted as issuer’s counsel to SAL Logistics Services Co. on its SAR 2.544 billion (approx. US$678.4 million) landmark IPO with an implied market capitalization at listing of SAR 8.84 billion (approx. US$ 2.261 billion),
Deal & transactions
Egypt
Energy & Trading
Real Estate, Construction & Infrastructure
Sodic and EME Collaborate on VYE Solar Project in Cairo
Sodic, an Egypt-based real estate developer, has joined forces with Electro-Mechanical for Energy (EME) solar company, to initiate the installation of 400 rooftop solar panels at VYE, Sodic’s mixed-use development in West Cairo. Overseeing
Egypt
Real Estate, Construction & Infrastructure
Egyptian Cabinet Tightens Rules for Foreign Real Estate Ownership
The Egyptian Cabinet has finalized drafting an amendment to law no.230/1996 regulating the ownership of real estate and lands by foreigners. The amendment will require foreigners to transfer the payment for real estate purchases to
Deal & transactions
Industrial
Saudi Arabia
PIF and Pirelli Announce Joint Venture for Saudi Tyre Plant
Legal Advisors Abdulaziz Alajlan & Partners, in collaboration with Baker McKenzie offices in London, Milan, and Dubai, have provided legal counsel to the Public Investment Fund (PIF), the sovereign wealth fund of Saudi Arabia, in
Allen & Overy (A&O) and Inflexion Private Equity have unveiled an exciting strategic partnership aimed at driving the ongoing expansion of aosphere. The legal and compliance data subscription platform is set to evolve
The maritime industry, the unsung hero of global trade, is embarking on a digital transformation. Ships and the infrastructure supporting them are getting smarter and more connected, promising smoother operations and greater efficiencies. Yet, lurking
Deal & transactions
Egypt
TMT
Uncategorized
Shahid Law Firm: Etisalat Egypt launches SuperPay with Banque Misr
Shahid Law Firm provided legal services to Etisalat Egypt on the successful launch of its latest joint venture with Banque Misr, SuperPay, a specialized electronic payment technology company. This strategic partnership between the public and
Clyde & Co, the global law firm, is providing legal counsel to the shareholders of Specialized Technical Services Company (STS) concerning its complete acquisition by ZainTECH. This transaction is currently pending regulatory approvals. STS, a
