Category: News Updates

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 the UAE, Lebanon, Egypt and...

It was with pleasure that our Partner and Head of the Arbitration Department, Dr. Amr A. Abbas, participated in a panel of experts discussing Virtual Examination of Experts and Witnesses at the Time of COVID-19. Dr. Abbas discussed actual experience of MBH in conducting virtual examinations in hearings held during...

Members of the arbitration team of Matouk Bassiouny & Hennawy, namely Moamen Elwan, Mohamed Samy, Maha Zain, Aliaa Emara, Malak Elmeshawy and Mohammed A. El Sherif, participated as arbitrators in the AlexU-CRCICA Vis Pre-Moot.

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 Bassiouny and Hennawy (“MBH”), has prepared...

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 registrations or amendments to existing...

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 (or Shareholders) and a Register...

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 date. The most prominent feature...

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 transaction documents were successfully signed...

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 estate project in New Cairo...

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.  The decision to increase its...