Category: News Updates

This legal update provides a recap on the on-going material regulatory changes affecting importation activities in Algeria, with a focus on the Algerian automobile dealer industry. Importation activities subject to the 49/51 rule In a move to boost investments, the Algerian Finance Law for 2020

Matouk Bassiouny is pleased to announce the appointment of Mr. Jirayr Habibian as the new Managing Partner of Matouk Bassiouny’s UAE office. Jirayr, one of the top lawyers in the fields of corporate finance, trade finance, M&A transactions and capital markets across multiple jurisdictions including

Today, 20 January 2021, the Egyptian Gazette has published two decrees, no. 237 and 238 of 2020 (“New MoE Decrees”) issued by the Ministry of Education (“MoE”), removing the restriction of 20% cap on foreign ownership in companies owning private schools in Egypt. Our Egypt office, Matouk

MBI has been coordinating with Dubai Economy ("DED") as well as the Ministry of Economy ("MoE") to obtain updates regarding the required disclosures and submission procedures (“Disclosures”) of the Ultimate Beneficial Owner and/or nominee director/controller ("UBO").   We understand that these Disclosures for new entity

On 24 August 2020, the UAE Cabinet published Cabinet Decision no. 58/2020 on the Regulation of Procedures related to Real Beneficiaries (the “New Cabinet Decision”). The New Cabinet Decision requires companies licensed to carry on business in the UAE to maintain a Register of Partners

The new Egyptian Banking Law, No. 194 of 2020 (the “New Banking Law”) was promulgated on 15 September 2020 and entered into effect on 16 September 2020 with a grace period for compliance with its provisions of one to three years (as applicable) from said

Matouk Bassiouny & Hennawy (“MBH”) acted as sole counsel to Palm Hills Developments (“PHD”) and Taaleem Management Services Company (“Taaleem”) in its joint venture to build a private university in PHD’s flagship project Badya, situated in West Cairo. We are pleased to announce that the

Matouk Bassiouny & Hennawy (“MBH”) acted as legal counsel to Arab African International Bank (“AAIB”), in the financing to SOREAL Real Estate Development, a subsidiary of Sixth of October Development and Investment Company (“SODIC”), a leading Egyptian real estate development company, for its Villette real

Matouk Bassiouny & Hennawy (“MBH”) has acted as legal counsel to Alta Semper Capital (“Alta Semper”), a frontier-markets private equity investor focused on consumer and healthcare opportunities, in increasing its investment in Macro Holding (“Macro”), the owner of Macro Pharmaceuticals, Egypt’s leading consumer healthcare company. 

Matouk Bassiouny & Hennawy (“MBH”) acted as legal counsel to Ezdehar Management (“Ezdehar”), an Egypt-based private equity firm, in its minority stake acquisition of Al-Tayseer Healthcare Group (“THG”), an Egyptian healthcare investment platform, via Ezdehar Egypt Mid-Cap Fund (“Ezdehar Fund”), a fund comprised of contributions