Tags : Shalakany

Deal & transactions Egypt Industrial

Shalakany and MBH advise on National Paints’ latest bid on

Dubai-based National Paints Holding (‘NPH’) has raised its mandatory tender offer’s (MTO) price for Paints and Chemical Industries (‘Pachin’) to EGP 34 per share, upping it from its initial November offer of EGP 29 in response to numerous competing bids.  According to a recently issued statement by the Financial Regulatory Authority (FRA), the submitted MTO, the NPH is […]

Banking & Finance Deal & transactions Egypt

Shalakany advises the Lenders of the Amunet Wind Project  

Shalakany has acted as local counsel to several foreign and local financial institutions (including, among others, Japan Bank for International Cooperation, Nippon Export and Investment Insurance, the International Finance Corporation (IFC) and Commercial International Bank (CIB) in connection with financing of the 500MW Wind Farm project located at Ras Ghareb, Gulf of Suez, Egypt, which […]

Egypt Private Clients

Shalakany defends client in a dispute before Egyptian Courts 

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 […]

Egypt Private Clients Transport

Shalakany defends Board of an Egyptian automotive manufacturer 

Shalakany has successfully defended its clients, the chairperson and foreign corporate board members of an Egyptian automotive manufacturing company (a subsidiary of a multinational corporation), in relation to a compensation claim brought forward by minority shareholders for alleged breaches by the clients of their fiduciary duties.  The case was filed before the Economic Court back in […]

Egypt News TMT

Shalakany successful settlement of a FinTech Investment Dispute 

Shalakany has successfully negotiated and closed off a settlement deal, on behalf of its Kazakhstani foreign investor client, with the opposing party in relation to the client’s investment in the Egyptian FinTech sector.  Shalakany spearheaded the negotiations with the opposing party, which began at the end of March 2022. By June 2022, a commercially acceptable settlement deal […]

Egypt News Real Estate, Construction & Infrastructure

Shalakany secures a favourable USD 40 million settlement for their

Shalakany has successfully represented their client, a major international hotel management company, in settling a claim worth more than USD 40 Million arising out of the hotel management agreement of one of the hotels in Egypt. Shalakany has successfully acted for their client in concluding an amicable settlement agreement with the hotel owner.  After initiating a […]