Matouk Bassiouny

Egypt

Address:
12 Mohamed Ali Genah Street
Garden City
Cairo
Egypt
11451

+202 2796 2042

+202 2795 4221


Key contacts:

Founding Partner and Head of Corporate M&A: Omar Bassiouny
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Founding Partner & Head of Dispute Resolution: John Matouk
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Partner & Co-Head of Corporate M&A & Capital Markets : Tamer EL Hennawy
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Managing partner and Head of Finance & Projects: Mahmoud Bassiouny
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Quick facts:

Offices: 4
Country desk: 1
Partners: 20
Lawyers: 145+
Practice groups: 4
Sector groups: 16
Languages: Arabic, English, French


Matouk Bassiouny is a leading, full-service MENA law firm headquartered in Cairo, Egypt (Matouk Bassiouny & Hennawy). Our Firm has offices in United Arab Emirates (Matouk Bassiouny & Ibrahim) and Sudan (Matouk Bassiouny in association with AIH Law Firm) as well as country desks covering Libya and Algeria.

Our attorneys specialize in advising multinationals, corporations, financial institutions and governmental entities on all legal aspects of investing and doing business in Egypt and the region. Trained both locally and internationally in both civil and common-law systems, our attorneys are fully conversant in English, Arabic and French. We are ideally placed to advice on high profile, high-value complex matters and routinely handle cross-border and international transactions, projects and disputes in the MENA region.

  • "Very knowledgeable of the law and also of the customary practices of relevant administrations.” - IFLR1000, 2019
  • “One of the go to M&A firms in Egypt. Best quality in that market.”- IFLR1000, 2019
  • “One of the best in Egypt” and “[has] great legal knowledge and business acumen” – Legal 500 EMEA - 2018
  • “A young and growing firm with many talented lawyers and a very reputable standing in the M&A market” – Legal 500 EMEA, 2018
  • "They are our first port of call. They have the depth and the experience. On top of that they're also extremely responsive" – Chambers Global, 2018
  • "They're doing well – they have some very talented lawyers" – Chambers Global, 2018
  • "Matouk Bassiouny & Hennawy provides top tier legal advisory services in line with international standards, yet customized for the local environment and dynamics in Egypt" – IFLR1000, 2017
  • "It is an extremely vibrant firm. They have grown quickly and are doing some terrific work." – Chambers & Partners, 2016 
  • "A very, very good corporate offering - always my one referral because of the bandwidth for high-quality services." – Chambers & Partners, 2016
  • Matouk Bassiouny & Hennawy “is leading the way and is prominent in many large acquisitions”, and has “one of the strongest capital markets teams in the country.” – Legal 500, 2016
  • Matouk Bassiouny & Hennawy is “one of the top three law firms in Egypt.”  – Legal 500, 2016
  • A recent client from an equity capital markets deal says the firm provides a “good and timely service” and is “very professional and well informed of the legal procedures related to every step of the process.” – IFLR 1000, 2015

  • Asset finance
  • Banking
  • Capital markets: Debt
  • Capital markets: Derivatives
  • Capital markets: Equity
  • Competition
  • Covered bonds
  • Financial restructuring
  • Financial services regulatory
  • Hedge funds
  • Investment funds
  • Islamic finance
  • M&A
  • PPP/PFI
  • Private equity
  • Private equity funds
  • Project bonds
  • Project development
  • Project finance
  • Real estate finance
  • Real estate funds
  • Restructuring and insolvency
  • Securitisation
  • Structured finance/securitisation
  • Trade finance

Corporate and M&A

Omar S. Bassiouny

Founding Partner and Head of Corporate and M&A department 

omar.bassiouny@matoukbassiouny.com

 

Tamer EL Hennawy 

Partner and Co-Head of Corporate and M&A department, Cairo 

tamer.elhennawy@matoukbassiouny.com

 

Recent transactional highlights:

  • Representation of NBK Capital Partners on its acquisition of 100% of King Integrated American School (KIAS). Transaction Value: Confidential (Closed in February 2019).
  • Representation of Dhunseri Petrochem Limited on its acquisition of 30% shares from the Egyptian Companies owned by the government, Engineering for the Petroleum & Process Industries Company “ENPPI” and Egyptian Petrochemicals Holding Company “ECHEM”. Transaction value: USD 17 million (Closed in August 2018).
  • Representation of Dhunseri Petrochem Limited on its acquisition of 30% shares from the Egyptian Companies owned by the government, Engineering for the Petroleum & Process Industries Company “ENPPI” and Egyptian Petrochemicals Holding Company “ECHEM”. Transaction value: USD 17 million (Closed in August 2018).
  • Representation of Tag El Melouk in selling 100% of its shares to Dr. Oetker. Transaction Value: Confidential (Closed in July 2018)
  • Representation of EFG Hermes on its acquisition of a New Cairo-based elementary schools’ portfolio from Talaat Moustafa Group Holding (TMG Holding), Egypt’s largest listed real estate developer. Transaction value: EGP 1 billion (closed in May 2018).
  • Representation of Mubadala Petroleum on its acquisition of 10 percent stake in the Shorouk concession in Egypt’s Zohr gas field. Transaction value for USD 934 million (closed in March 2018).
  • Representation of Alta Semper on its acquisition of 100 percent stake of AX Healthcare Holdings Coöperatief. Transaction value confidential (Closed in February 2018).
  • Representation of Abu Dhabi Investment Company (Invest AD) in connection with the divestment of First Service. Transaction value confidential (closed in February 2018).
  • Representation of Cargill in respect of the joint venture with Archer Daniels Midland Company to provide soybean meal and oil for customers in Egypt through the ownership and operation of the soy crush facility of the National •Vegetable Oils Company. (signed in February 2018).
  • Representation of Amazon.com on the acquisition of Souq.com. Transaction Value : USD 580 million(closed in December 2017).
  • Representation of Alcazar Energy on its acquisition of the rights in a 50MW ac in Benban, Aswan, Arab Republic of Egypt under Round 2 of the FIT Programme from Cabli Power Cables Manufacturing. Transaction value is confidential. (closed in December 2017).
  • Representation of Cairo 3 A in connection with the public takeover of NCMP. Transaction value EGP 1.74 Billion (closed December 2017).
  • Representation of Swicorp Private Equity as in connection with the sale of its stake in Orchidia Pharmaceuticals. (closed December 2017).
  • Representation of the investment fund Alta Semper in the acquisition of a controlling stake in Macro Group, a leading Egyptian cosmeceutical company. Transaction value: confidential (closed December 2017).
  • Representation of Upstream Projects Pte. Ltd on its acquisition of 30% participating interest under the Shorouk concession (Zohr) from IEOC Production B.V. Transaction Value: USD 1.125 billion (closed October 2017).
  • Representation of an affiliate of Meridian Investment Russia for the divestment of 60% of TBE Egypt to affiliates of BPE Partners (Egypt). Transaction Value: Confidential (Closed in October 2017).
  • Representation of Neptune Energy Group in the acquisition of Engie E&P. Transaction value: USD 3.9 billion (closed October 2017).
  • Representation of Alcazar Energy in connection with the acquisition of Delta for Renewable Energy. Transaction value is confidential (closed September 2017).
  • Representation of Alta Semper Capital and Kingsway Capital (two UK-based funds) on the acquisition of a majority equity stake in Macro group, a leading cosmeceuticals business in Egypt. Transaction value: Confidential ( Closed in August 2017).

 

Capital Markets 

Mohamed Abdel Fatah

Partner and Head of Capital Markets 

Mohamed.afattah@matoukbassiouny.com

 

Tamer EL Hennawy 

Partner and Co-Head of Corporate  M&A and Capital Markets 

tamer.elhennawy@matoukbassiouny.com

 

Recent transactional highlights:

  • Representation of Sarwa Capital in connection with an International public offering intended to finance a capital increase and partial exit of some of its major shareholders.  Transaction value is EGP 2,172,456,580,15 (Closed in October 2018).
  • Representation of Egyptian investment bank CI Capital on the listing of 246.9 million ordinary shares on the Egyptian Stock Exchange, representing 43.6% of its capital. Transaction value: EGP 2,091,657,604 (closed in April 2018).
  • Representation of Raya Contact Center S.A.E. in the issuing of up to 48,994 existing ordinary shares representing 48.99% of the company’s outstanding share capital. Transaction Value: over EGP 800 million (closed in November 2017).
  • Representation of Egypt’s fastest-growing and second-largest distributor of pharmaceutical products Ibn Sina in an initial public offering of up to 269,381,625 ordinary shares. Offering represents approximately 40% of the total share capital of the company and is distributed in two tranches, to be followed by a capital increase of up to 50 million shares specified to shareholders who sold their shares in the first offering (closed in November 2017).
  • Representation of DICE - a leading Egyptian manufacturer of sports, casual wear and ready-made garments - in a primary offering of up to 62.35% of its outstanding share capital listed on EGX, valued at EGP 25 Million.
  • Representation of Etisalat in a capital increase valued at EGP 4.5 billion (23.16%) – placing the telecommunications giant paid capital at a total of EGP 19.43 billion. The capital increase - directed towards older shareholders – comes in the context of the company investing around EGP 2.5 billion for the development of its network.
  • Representing EG Bank in an issued and paid capital increase by EGP 500 million (USD 27.72 million) via a rights issue.

 

Projects Finance department

Mahmoud Bassiouny 

Managing Partner and Head of Finance & Projects 

mahmoud.bassiouny@matoukbassiouny.com

 

Recent transactional highlights:

  • Representation of Abu Dhabi Islamic Bank – Egypt, Banque Audi, Banque Misr, as Senior Mandated Lead Arrangers, and the Islamic Corporation for the Development of the Private Sector (ICD), together with Clifford Chance, as Mezzanine Mandated Lead Arranger in connection with granting a EGPC 2.5 billion Senior and Mezzanine Istisn’a Ijara/Istisn’a Facilities to Al Sharkeya Sugar Manufacturing Company SAE.
  • Representation of International Finance Corporation (the lenders) on the major BOOT financing of EDF’s Port Said and Suez Gulf Projects.
  • Representation of Calyon and a bank syndicate on providing a USD 275 million Facility to the Egyptian General Petroleum Company.
  • Representation of J.P. Morgan PLC and Morgan Stanley & Co International PLC and a bank syndicate in granting Petroleum Export Limited V a USD 1 Billion Facility.
  • Representation of a syndication of eight banks in extending a syndicated medium-term real estate facility agreement of EGP 3 billion to Rooya Group, one of Egypt’s fastest-growing real estate development companies. The syndication comprises Arab African International Bank (AAIB), Arab Bank, Arab Investment Bank, EG Bank, HSBC, National Bank of Egypt (NBE), SAIB Bank, and Suez Canal Bank.
  • Representation of Alcazar Energy in the acquisition of rights of two renewable energy development consortiums. The instructions included assisting the client in the drafting of the right purchase agreements and escrow agreement and in the negotiations thereof as well as closing the transaction and obtaining all necessary licenses and approvals.
  • Representation of Alcazar Energy in the acquisition of Delta for Renewable Energy. The instructions included assisting the client in the drafting of the share purchase agreement and escrow agreement and in the negotiations thereof as well as closing the transaction and obtaining all necessary licenses and approvals.
  • Representation of Neptune Energy Group as local counsel (transaction internationally led by Freshfields Bruckhaus Derigner) in the acquisition of Engie E&P. Transaction value: USD 3.9 billion.
  • Representation of Access Building Energy Solar One S.A.E. The company is a part of the fast-growing developer and operator of power assets, Access Power - in connection with the financing of up to circa USD 55 million to finance the design, development, financing, construction, testing, commissioning, operation and maintenance of a 50MW solar photovoltaic power plant under the Feed-in Tariff programme.
  • Representation of Shapoorji Pallonji Energy Egypt S.A.E. A subsidiary of the Indian engineering and Infrastructure Company SP Group – in connection with the design, construction, operation, and maintenance of a turnkey solar PV project with a nominal capacity of 50 MW, located in Benban, Egypt.
  • Representation of Infinity 50 for Renewable Energy in connection with the financing of a 50MW solar power plant, under the Feed-in Tariff programme. The instructions included reviewing and negotiation all project documents. This is one of only three FiT-Round 1 transactions that reached financial close. 
  • Representation of Adenium Energy Capital in connection with general legal advice relating to the company’s project under the feed in tariff scheme. 
  • Representation of Sun Edison in connection with general legal advice relating to the company’s project under the feed in tariff scheme. 
  • Representation of a syndication of eight banks in extending a syndicated medium-term real estate facility agreement of EGP 3 billion to Rooya Group, one of Egypt’s fastest-growing real estate development companies. The syndication comprises Arab African International Bank (AAIB), Arab Bank, Arab Investment Bank, EG Bank, HSBC, National Bank of Egypt (NBE), SAIB Bank, and Suez Canal Bank.
  • Representation of the International Finance Corporation (IFC) and the Government of Egypt on the Egyptian law matters related to the concession for the rehabilitation, expansion, operation, and maintenance of the industrial port of Abu Tartour.
  • Matouk Bassiouny represented leading global alternative investment firm Castlelake in relation to an aircraft-backed-securitisation loan facility including one Airbus model A320-200 on lease to an Egyptian airline operator.
  • Representation of Dubai Aerospace Enterprise (DAE) in relation to the sale and leaseback with PDP funding of eight Boeing 737-800 aircraft to EgyptAir, Egypt’s national airline operator.
  • Representation of Maersk Drilling in divestment of its stake in the Egyptian Drilling Company - with market share of 68% - to the Egyptian General Petroleum Corporation (EGPC) in an all-cash transaction valued at USD 100 Million.
  • Representation of Alexander Nubia Inc, a Canadian mining company and conducting negotiations with the Egyptian Mineral Resources Authority with regard to the company’s two concessions for exploration of gold and associated minerals (Abu Mawarat and Al Fatiri Gold concessions).
  • Representation of Barminco Egypt in relation to its role as underground mining subcontractor in the Sokary Gold concession. 
  • Representation of Kuwait Energy (Oil Exploration and Production Company) on its participation into an oil concession in the Arab Republic of Egypt.

 

Dispute Resolution

John Matouk

Co-Founder Partner and Head Dispute Resolution 

john.matouk@matoukbassiouny.com

 

Recent Representative Matters:

  • Successful representation of Uber with all its cases in Egypt concerning its operations; and successfully managing to lift severe legal actions against the company.
  • Representation of Skoda Auto before Egyptian courts as well as the Egyptian Consumer Protection and Competition authorities in relation to a dispute involving the termination of a contractual distributorship with an Egyptian distributor.
  • Representation of Union Fenosa Gas on Egyptian law issues in relation to its ongoing proceedings against an Egyptian state entity for its failure to perform its contractual obligations under a Natural Gas Sale and Purchase Agreement signed between the parties. In relation to this dispute, there are two different arbitration proceedings filed by the Spanish Gas company against the Egyptian State Entity at Cairo Regional Center for International Commercial Arbitration (CRCICA), and another proceeding registered with ICSID against the Egyptian Government.
  • Successful representation of a multinational steel manufacturing corporation in the amicable settlement of a USD 600 Million investment dispute in proceedings registered with ICSID against the Arab Republic of Egypt.
  • Representation of a major Japanese automotive manufacturer in defending client against claims in Egyptian courts exceeding USD 1 Million in complex cross-border litigation.
  • Successful representation of a major glass manufacturing client in the amicable settlement of a high-value CRCICA arbitration.
  • Successful representation of a blue-chip GCC corporate client in a high-value commercial dispute before CRCICA.
  • Successful representation of over 10 multi-national blue-chip manufacturing companies in high-value disputes before Egyptian courts relating to termination of agency/distribution relationships.
  • Representation of a major global investor in a multi-million dollar investment dispute against the Arab Republic of Egypt.
  • Representation of the Arab Republic of Egypt in a multi-million dollar investment dispute against an American investor in proceedings registered with ICSID.
  • Representation of a major European company in a multi-million dollar energy sector dispute in an arbitration seated in Madrid.
  • Representation of a major European company in a multi-million dollar energy sector dispute in proceedings registered with CRCICA.
  • Representation of an Egyptian company in a multi-million dollar energy sector dispute in an arbitration registered with the ICC.
  • Representation of a leading Egyptian telecommunications company in a multi-million dollar arbitration registered with CRCICA.
  • Representation of a major regional telecommunications company in a multi-million dollar arbitration registered with CRCICA.
  • Representation of a global construction company in a multi-million dollar arbitration registered with CRCICA.
  • Representation of a major global retail company in a multi-million dollar arbitration registered with CRCICA.
  • Representation of a major landlord in Egypt in the retail sector in a multi-million dollar arbitration registered with CRCICA.
  • Representation of an Egyptian contractor in a multi-million dollar construction dispute involving operations in Libya.
  • Representation of a European contractor in an arbitration relating to the construction of a water plant facility in Egypt.
  • Representation of a major Egyptian real estate developer listed on the Egyptian stock exchange in an arbitration relating to a touristic development project on the Egyptian Red Sea coast.
  • Representation of a major Danish company in a multi-million dollar arbitration relating to a dredging project in the port of Damietta, Egypt.
  • Representation of a regional petroleum company in multi-million dollar institutional arbitration proceedings against a Middle Eastern state instrumentality for breach of the terms of a concession agreement.Representation of a major Middle Eastern pharmaceutical distributor in a multi-million dollar institutional arbitration against an e-commerce platform integrator.
  • Representation of a Swiss management company in two multi-million dollar institutional arbitrations against Libyan owners on claims of wrongful termination of management agreements.
  • Representation of a major Saudi holding company in its capacity as hotel owner in two high profile arbitrations relating to two five-star hotel disputes with respective hotel operators and government regulatory authorities.
  • Representation of a major Egyptian regional telecoms holding company in: (i) successfully blocking the enforcement of a foreign arbitral award relating to a material share transfer dispute; and (ii) in successfully concluding a major commercial dispute settlement in favor of the client.
  • Representation of a major Japanese automotive manufacturer in successfully blocking claims in Egyptian courts exceeding USD 1 billion in complex litigation involving procedural and substantive arguments relating to the validity and enforceability of arbitration clause within the context of commercial agency/distribution relationships in Egypt.
  • Representation of fertilizer manufacturer in the settlement procedures in connection with a construction dispute.
  • Representation of a mobile operator in Egypt in relation to a litigation dispute before the Egyptian Court of Cassation in connection with setting aside of an arbitral award and an arbitration dispute against thirteen shareholders.
  • Representation of a major Egyptian real estate developer listed on the Egyptian stock exchange before the Egyptian State Council with respect to the annulment of a real estate development license involving the Egyptian Tourism Development Authority.
  • Representation of a European glass manufacturer, a European tire manufacturer and a European electrical parts manufacturer respectively in successfully negotiating the amicable resolution of a major industrial labor strike in coordination with the Public Prosecutor’s Office, Labor office, the Ministry of Labor and Manpower as well as local law enforcement agencies.

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  • Construction and materials
  • Consumer goods and services
  • Energy
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  • Fisheries and aquaculture
  • Food and beverage
  • Forestry
  • Gaming
  • Government and public policy
  • Healthcare
  • Industrials
  • Insurance
  • Investment management
  • Media
  • Mining
  • Natural resources
  • Oil and gas
  • Pharm and life sciences
  • Real estate
  • Shipping
  • Social infrastructure
  • Tech and telecoms
  • Tourism
  • Transport
  • Utilities

Matouk Bassiouny in association with AIH Law Firm

Address line 1:Khartoum South, Plot No. 3, Block. No. 1/KH 

Address line 2 N/A

City, Postcode: 12210

Country: Khartoum – Sudan 

T: +249 183 487272 

F: +249 183 486090

E: info@matoukbassiouny.com

W: https://matoukbassiouny.com/locations/sudan/

 

Matouk Bassiouny & Ibrahim

Address line 1: Maze Tower, Office 601, Sheikh Zayed Road, Dubai, UAE

Address line 2: N/A

City, Postcode:

Country: Dubai – UAE 

T: +971 4289 2195

F: +971 4330 1091

E: dubaiinfo@matoukbassiouny.com

W: https://matoukbassiouny.com/locations/uae/

 

Matouk Bassiouny in association with SH-Avocats

Address line 1: 1 bis, Chemin des Glycines

Address line 2 N/A

City, Postcode: Algiers - 16003

Country: Algeria 

T: +(213) 21 239 723

F: (213) 21 239 723

E: hsahri@sh-avocats.comjj.khodara@matoukbassiouny.com

W: https://matoukbassiouny.com/locations/algeria-country-desk/