EKP’s associated office in Riyadh, Khulaif AlEnezee Legal Counsel Company (“Al-Enezee”), has appointed Jeffrey Greene as a new partner to the firm’s corporate practice group, effective 1 September 2022. Greene is a seasoned transactional lawyer
Deal & transactions
Egypt
Energy & Trading
Elsewedy Electric secures contracts valued at USD113 m in Toshka
Elsewedy Electric for Trading and Distribution, a subsidiary of Elsewedy Electric, has signed three contracts worth EGP 2.2 billion (approx USD 113.3 million) to establish transformer stations in the South Valley Development project which aims to reclaim 375,000
International law firm Baker McKenzie will cut ties with UAE based law firm following controversial remarks made on social media by the Firm’s principal, Habib Al Mulla. In a statement on Baker McKenzie’
Egypt
News
Real Estate, Construction & Infrastructure
Misr Italia Properties invests USD 77m in launch of Vinci Lagoons
Egyptian real estate developer, Misr Italia Properties, the real estate subsidiary of Misr Italia Holding, has launched the new phase of Vinci project with an investment of EGP1.50 billion (USD77.3 million). The
Competition & Antitrust
United Arab Emirates
White Collar Crime
OGH Legal and Pinsent Masons secure $1.3B in Sanjay Shah
Dubai court has ordered Sanjay Shah and several other people and companies tied to the hedge fund trader to repay Denmark USD 1.3 billion. Sanjay Shah is the alleged mastermind behind a scam known as ‘
Deal & transactions
Energy & Trading
Other
Airut advises MEP in connection to Iraq-based Hydropower plant
Airut Law Offices (“Airut”) has advised Middle East Power (“MEP”) in respect to the drafting and review of the Operation and Maintenance Agreement for the Deralok 37 MW hydropower plant located in Duhok, Kurdistan Region Governorate,
Restructurings
Transport
United Arab Emirates
Linklaters advises DP World on the restructuring of Portsynergy
Linklaters advised DP World, global supply chain solutions provider, on the restructuring of Portsynergy, a 50:50 joint venture owned by Dubai-based DP World and France-based international container operator, Terminal Link, a joint venture between French shipping
With Suzan Taha The world is facing a severe economic crises due to the continued impact of COVID-19 and the outbreak of the Russian-Ukraine war. This has resulted in the rise in inflation rates in 121
Banking & Finance
Transport
United Arab Emirates
Allen & Overy advises Investcorp on Trukker’s Pre-IPO round
Saudi-based Trukker Holding Limited (“Trukker”), digital freight network providers in the MENA region, has successfully raised USD 100 million in its pre-IPO financing round. The investment was led by the recently-launched Investcorp Saudi Pre-IPO Growth
Salik Company, Dubai’s exclusive toll gate operator, has announced its intention to proceed with an initial public offering (IPO) and to list its ordinary shares for trading on the Dubai Financial Market (DFM).
