Matouk Bassiouny & Hennawy (“MBH”) acted as counsel, alongside HC Securities & Investment and Gibson Dunn & Crutcher, to Gulf Capital in the sale of its diagnostics network MetaMed to Ray Lab. The consortium of buyers includes Mediterrania Capital Partners, Cairo Scan for Radiology and Labs SAE and a number...
Matouk Bassiouny & Hennawy (“MBH”) acted as Egyptian counsel to Acino, a Swiss pharmaceutical company, with Latham & Watkins as international counsel, in the acquisition of selected prescription and over-the-counter assets from Takeda pharmaceuticals, a multinational pharmaceutical company headquartered in Japan. The deal is valued at an excess of USD...
In a move to boost foreign investments, the Algerian government has approved the draft Supplemental Finance Law for 2020 (“SFL 2020”), which paves the path towards alleviating two major restrictions on foreign investment: (1) the so-called 49/51 rule; and (2) the State’s preemption right in respect of share transfers by...
With the outbreak of COVID-19, it feels as though this global pandemic has turned societies upside down. In such exacting times, inspirational, purpose led leadership provides guidance, inspires confidence, gives support, and enables innovation. To do any of this, leaders need to take extra care in choosing trustworthy advisors that...
As there is tremendous uncertainty on when the “normal life” will resume i.e. when will the novel coronavirus (“COVID-19”) end, the UAE government has been working continuously to support its residents and mitigate the impact of COVID-19. The World Health Organization has declared the outbreak of the COVID-19 pandemic a...
As a result of the declared nationwide state of emergency due to COVID-19, the Dubai courts have initiated the following remote services for Dubai Notary and Dubai Economy. Dubai Notary Services: The Notary Public offices in the UAE are now closed as a result of the COVID-19 pandemic. The government has...
The novel coronavirus (“COVID-19”) has been declared pandemic by the World Health Organization in March 2020 and with person-to-person transmission, reported cases have continued to grow exponentially. As COVID-19 continues to unfold, employers are facing avalanche uncertainty over what they must do and what they can do. As governments and...
Setting the first precedent in the Egyptian sports sector, Matouk Bassiouny & Hennawy (“MBH”) secured a favorable international sports arbitration award from the Court of Arbitration for Sport (“CAS”) in Lausanne, Switzerland amounting to EGP 20 million for Nogoom Football Club (“NFC”) and successfully defended it against claims and counterclaims...
Matouk Bassiouny (“MB”) is delighted to announce that it has joined forces with SH-Avocats, a full-service Algerian law firm (member of the Bar of Algiers), forming Matouk Bassiouny in association with SH- Avocats. The new Algiers office offers advisory services across MB’s four core regional practice groups: Corporate / M&A,...
Matouk Bassiouny & Hennawy’s arbitration department hosted the first-ever Egypt National Round of the Foreign Direct Investment arbitration moot (FDI Moot) on 6-7 September 2019 at our office in Garden City. The event was divided into preliminary, semi-final and final rounds over two days, in which participating teams, comprised of...
