Category: News Updates

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

Over the past couple of years Egypt has witnessed rapid legislative developments and a reformative wave in the spheres of cyberspace, information technology and regulation of internet activities. These developments are attempts to evolve the regulation of the online sphere, safeguard content available online, eliminate

Setting an important precedent to nullify the first major ad-hoc arbitral award rendered in accordance with the provisions of the Unified Convention for Investment of Arab Capital in Arab Countries. On 3 June 2020, Cairo Court of Appeal delivered its judgement nullifying the ad-hoc arbitral

Matouk Bassiouny & Hennawy (“MBH”) acted as counsel to South Africa’s Investment Company Tana Capital in its minority stake acquisition in Alexandria Medical Investment Company, the majority shareholder of Mabaret Al Asafra Hospitals Group. The deal closed on 21 May 2020. The MBH team assisting

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

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

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