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 […]
Tags : Shalakany
The 2023 Egyptian National Rounds of the Jessup Moot Court Competition was successfully held at Shalakany Law Office’s Zamalek premises on the 17th and 18th of February 2023, with LegalcommunityMENA acting as sole Media partners. The Jessup Moot Court Competition is the world’s largest moot court competition, with participants from around 700 law schools in […]
Shalakany has successfully defended its client, a major regional real estate developer in Egypt and the Middle East, in an ICC Arbitration case filed against the client. The dispute stemmed from four construction contracts related to a residential complex in the MENA region. The Tribunal’s final award ordered the opposing party (the contractor) to pay […]
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 […]
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 […]
Shalakany Law Office litigation team has successfully defended a major French automotive company against a EGP 3 billion (approx USD 154 m) court claim. The case was heard before the South Cairo Court after being filed with the Economic Courts and referred to several courts and degrees. Shalakany has acted as a sole legal […]
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 […]
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 […]
