Solicitors governing body: Barreau des Avocats d’Alger
Competition authority: Le Conseil National de la Concurrence Algérien
Financial regulator: Commission d'Organisation et de Surveillance des Opérations de Bourse
IFLR1000 ranking categories for this jurisdiction:
The Algerian legal market is largely dominated by domestic firms who have little presence outside of the jurisdiction. In addition to this there are a number of foreign firms present, largely Paris based due to the strong French language connections in the jurisdiction.
Market leaders Gide Loyrette Nouel pave the way in terms of financial and corporate work, with fellow French practices CMS Bureau Francis Lefebvre and Lefèvre Pelletier & Associés not too far behind. London based Thompson & Knight employ a number of local lawyers and are also considered for the domestic market.
As an ex-colony of the French empire the two countries have very strong ties, and the legal market is no exception. The legal system is based on the French civil law system, and incorporates elements of Islamic law. As a result, most of the largest cross-border deals in the jurisdiction come through Paris, while much of the domestic work is undertaken by firms in conjunction with their French counterparties.
The Algerian market is also closely linked to fellow Maghreb neighbours Tunisia and Morocco, Gide for example shares resources between the three. Others some based in Casablanca, such as Clifford Chance, also operate in Algiers.
There are restrictions that limit domicile nationals alone to practice law in Algeria, and foreign firms will only be granted a license to establish an office if registered as a local firm, with local lawyers.
Due to the size of the market, most financial and corporate lawyers in Algeria have broad practices and can handle work in a number of practice areas.
Bourabiat Associés has expertise in the banking and finance area with a particular focus on the oil and gas sector.
During the research period the firm advised foreign investment funds on upstream petroleum, automotive and pharmaceutical company acquisitions. It also worked for sponsors, lenders and contractors on project financing and PPPs in the energy sector.
Recent Deal Data highlights
•Air Products / Sonatrach joint venture
CMS Francis Lefebvre Algérie Conseil juridique et fiscal is active across the financial and corporate and project development spaces.
During the research period the firm worked for acquirers and borrowers on different type of deals including acquisitions, financings and restructurings.
"The firm has good knowledge of the local situation and a strong experience in creation of same entities for other pharma companies." - Project development
Gide Loyrette Nouel often works for public bodies and foreign investors in business ventures and investments advising on privatisations, joint ventures and acquisitions in Algeria.
During the research period the firm acted mainly on joint ventures, including on deals in the health, oil and gas and automotive sectors. It also advised on the establishment of the first Algerian private equity fund.
Recent Deal Data highlights
•Hyundai / Tahkout joint venture
•SEAF capital investment fund
•Total / Sonatrach joint venture
LPA-CGR is active in the financial and corporate and project development areas.
During the research period the firm advised financial institutions, automotive manufacturers and state-owned companies on joint venture and project development work.