Category: News Updates

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

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

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

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 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