Egypt

Marghany Advocates is an Egyptian law firm established in 1987 by Professor Dr. Mohamed Marghany. The firm has one office in Cairo and is currently led by managing partner Mr. Amir Marghany.

The firm has a particular focus on M&A and corporate work and within this has a particular focus on buyer side acquisition transactions.

Key clients

Key clients of the firm include AOI, Sigma Capital, Tanamy Capital, Option Travel and TicketsMarche.

Nour & Partners is the associate firm of the wider regional law firm Al Tamimi & Company.  The firm has one office in Cairo and is led by head of office, Ayman Nour.

The firm has a particular focus on banking and M&A work. In banking and finance the firm works on mainly loan facilities for clients linked with the banking or financial services sectors. In M&A the firm assists with acquisitions for clients in the financial services, education and manufacturing sectors.

Key clients

Notable clients of the firm include EFG Hermes, Standard Chartered Bank, Al Futtaim, United Al Saqer Group, The British University in Egypt, Mastercard, Mubadala Energy and IBM.

Hafez & Partners is an Egyptian law firm based in Cairo. The firm is led by managing partner Ahmed Hafez.

The firm has a particular focus on acquisitions and project work. In M&A the firm works on acquisitions, restructurings and fund raisings for mainly acquirers connected with the industrial, consumer goods and services, and financial services sectors. In projects meanwhile the firm works on projects connected with the energy sector.

Key clients

Key clients of the firm include ITA, Bridge Technologies, AIM Technologies, Petrofac, Vodafone, Amwaj, Benya Capital and Bianchi.

Levari in assocation with Pitmans is a law firm established in 2012. The firm has 35 lawyers and has offices in Cairo, Dubai and London.

The firm has a focus on M&A work.

Key clients

Key clients of the firm include Travelstart, Goodsmart, Valify, Kairo Labs and My Way for Tourism.

Founded in Egypt in 2016, Rizkana & Partners (“R&P”) is a full-service law firms based in Cairo and led by managing partner Hazim Rizkana.

The firm has a particular focus on banking & finance and M&A work. In banking and finance the firm's work focuses on assisting with facility agreements for clients connected with the legal sector. In M&A the firm works on acquisitions, joint ventures and restructurings for a mix of acquirers and sellers connected with the financial services, investments and consumer goods & services sectors.

Bahaa-Eldin Law Office in cooperation with BonelliErede is a team made up of Egyptian law firm Bahaa-Eldin Law Office. In July 2018, it teamed up with Italian law firm BonelliErede. The firm has one office in Cairo.

Highlights

The firm is particularly active in M&A and project development work. In M&A the firm works on acquisitions and joint ventures for a mix of clients connected with financial services, industrial production and manufacturing, and the public sectors.

Key clients

Notable clients of the firm include Ariston Holding, Central Bank of Egypt, E.Miroglio Ead, Almaviva and GKSD Group.

Dentons in association with Afifi Law Office is the Dentons office in Egypt and opened in 1964. The firm has one office in Cairo.

The firm has a focus on banking, M&A and project finance.

Key clients

Key clients of the firm include Total Marketing Services, Amazon, Daimler, ArcelorMittal Tubular Products Al-Jubail Company, Warner Music, Volkswagen, Credit Suisse, Abu Dhabi Commercial Bank, National Bank of Bahrain and European Investment Bank.

ADSERO – Ragy Soliman & Partners is an Egyptian full-service independent law firm founded in 2019.  The firm is led by managing partner Ragy Soliman and is based in Cairo, Egypt.

Research period review: 34th edition (2024/2025)

The firm is active across all ranked practice areas.  In banking and finance the firm works on corporate and project financings, in capital markets the firm focuses on bond, secondary share offerings and sukuk deals for clients whereas in M&A the firm assists on fund raising, acquisitions and joint ventures and in projects the firm works on both energy and infrastructure projects for clients from a wide variety of sectors.

Highlights

Ministry of Finance (MOF) $2 billion sovereign bond issuance.

Egyptian Government establishment of first ever local sovereign sukuk issuance. 

Sylndr Egypt EGP 341 million loan

Testimonials: (2024/2025)

"Service is great in arranging, organizing & managing the time of the whole transaction specially and definitely from a legal perspective." - Bank lending 

"We have found them to be highly responsive and efficient in their communications. Their team consistently provides prompt feedback and is able to tailor their advice to meet the specific needs and expectations of the client. We appreciate their ability to combine speed with accuracy, ensuring that our matters are handled both timely and effectively." - Banking and finance 

"What really stood out to us was the firm’s deep expertise in capital markets and M&A. They know the regulations inside out and are always practical in their advice. The team was extremely responsive and proactive, working seamlessly with our internal team and external advisers. We also appreciated how commercially minded they are; they do not just flag risks, they help us find solutions. That combination of technical excellence and commercial insight is what truly sets them apart." - Capital markets

"Cross-border execution: Seamlessly connected Lux fund / MU HoldCo / EG SPV / NL SPVs, and ran fund formation and deal workstreams in parallel." - Investment funds

"ADSERO – Ragy Soliman & Partners distinguish themselves through their exceptional expertise in complex M&A transactions, offering a combination of technical precision and commercially driven advice. Their team demonstrates a deep understanding of both local and cross-border regulatory frameworks, which allows them to structure transactions efficiently while anticipating potential risks." - M&A

"Very strong technically , they knew the details inside out and explained things in a way that we could understand. Reliable and available and made sure the deadlines are met. We felt comfortable dealing with them to protect our interests." - M&A

"Their team combines deep legal expertise with practical business acumen. They are consistently available, responsive, and proactive, providing clear and pragmatic advice under tight timelines. Their professionalism, dedication, and ability to coordinate seamlessly across multiple jurisdictions make them stand out in complex cross-border private equity and M&A work." - Private equity 

Key clients 

Key clients of the firm include Arab African International Bank, Chimera Investments, Siemens Mobility, National Bank of Egypt, Telecom Egypt, East Mediterranean Gas Company, Solariz Egypt, The Sovereign Fund of Egypt, Egyptian Ministry of Finance and Klayytech, EBRD. 

Ibrachy Legal Consultancy was founded by Ashraf Elibrachy in 2006 as a de-merger from one of Egypt’s oldest law firms established in 1932.

The firm has a particular strength in banking transactions but is also focused on M&A and project finance work. In these areas the firm has a specialism in working with clients connected with financial services.

Key clients

Key clients of the firm include the International Finance Corporation, European Bank for Reconstruction and Development, Commercial International Bank Egypt, Bank Audi Egypt, Bank of Baroda, Philip Morris, PROPARCO, and Silk Road Fund.

Helmy Hamza & Partners is a law firm in Egypt established in 1986. The firm is part of the Baker McKenzie network and has approximately 45 lawyers, including five partners and six counsels.

The firm has a strong practice across most practice areas recognised for Egypt, specifically banking & finance, equity capital markets, M&A and projects work.

In banking and finance the firm works on a mix of types of financing transactions, in equity capital markets the firm assists on both IPOs and secondary share offerings to clients, in M&A the firm focuses on acquisitions and investments and finally in projects the firm assists with both infrastructure and energy projects.

Highlights

Initial public offering (IPO) of the United Bank of Egypt.

Suez Wind Energy $1.1 billion financing secured to develop a 1.1 GW wind farm.

Testimonials (2024/2025)

"Their dedication throughout the process is unmatched, we were on a tight deadline and they managed to complete the process on time smoothly , as well as the team headed by Hani Nassef their eagerness and constant help is quite remarkable." - Capital markets 

Key clients

Key clients of the firm include Citi Bank Group Power, Bank of America, Banque Misr, The Central Bank of Egypt, CRIF SPA, Fairfax Financial, Erada Microfinance, SPE Capital, Amethis, EFG Hermes, AMEA Power, ACWA Power. 

Al Kamel Law is a commercial law firm in Egypt established in 1978 by Dr Mohamed Kamal. The firm has one office in Cairo. 

The firm has a particular focus in its work on banking & finance, M&A and project development transactions.

Research period review: 34th edition (2024/2025)

Advised Scatec ASA on a financing facility granted by Nordea Bank ABP

Advising EDF with respect to a 1 GW solar and 100 MW/200 MWh battery storage hybrid project in Egypt.

Advised Hassan Allam and Infinity in establishing a joint venture with the Egyptian Natural Gas Holding Company (EGAS)

Testimonials: (2024/2025) 

"Al Kamel Law Firm demonstrated strong expertise in complex cross-border transactions, particularly in handling the SPA negotiations with a global counterparty and advising on the loan agreement with an international development bank. Their team combines deep local market knowledge with a clear understanding of international standards, which made them well suited for this type of work. We appreciated their responsiveness, ability to coordinate efficiently with multiple stakeholders, and practical, solutions-oriented approach to problem-solving. They also brought a level of professionalism and clarity in drafting and negotiation that helped keep the process constructive and efficient." - M&A 

"Lawyers are both technically good and commercially oriented to get an M&A deal done. They find ideas to make things work. They understand their client needs and act based on them after advising them in details on the available options." - M&A

"The financing is complex, and Al Kamel has bee advising from the start. They know the structure, which is very helpful." - Banking and finance

"Consistent and reliable on a wide variety of matters." - Project development 

"As non-Egyptian lenders were involved, they had a lot of questions on the Egypt assignment perfection requirements. Al Tamimi was able to provide prompt and strong support and patiently answered all of our client's queries." - Banking and finance

"Rasheed dedicates significant personal time to his clients, which, given his seniority, truly makes him stand out. His involvement ensures matters receive both strategic oversight and practical guidance, and it gives clients confidence that their interests are being prioritized at the highest level." - Rasheed Kamel 

"Shahira Khaled has the perfect balance between protecting her clients (sometimes from themselves) and getting a deal done that works for all stakeholders involved. She is technically excellent and combines this knowledge with a very strong understanding of all stakeholders needs and positionning, allowing her to always find a workable solutions. She is very good at advising and managing her clients, for who she is always available. You definitly want her in the room to get a deal done and a good one." - Shahira Khaled 

"As they assist on a repeat deal with the same deliverables each time, we have very limited information to provide a good answer." - Nada Mohamed

"Hard working and easy to work with." - Yasmeen Qotbi 

"Yasmeen has provided strong support on my deal. Given the time difference, she responds promptly, and is able to provide innovative solutions to client's problems." - Yasmeen Qotbi 

Key clients 

In banking the firm has relationships with DEG, Nordea Bank, Infinity Group, Misr Capital Investments, Procter & Gamble, YKK Egypt, Alfa Medical Group, Export Import Bank of the United States

Zaki Hashem & Partners is a corporate and commercial law firm in Egypt established in 1953. The firm has one office in Cairo and has over 100 fee-earners and 170 employees. 

The firm has a strong practice in banking, debt capital markets, M&A and project development achieving top tier status in all of them. 

In banking and finance the firm focuses on both corporate and project financing for a mix of borrowers and lenders whilst in debt capital markets the firm works on bonds and securitisations for issuers. In M&A meanwhile, the firm assists with acquisitions for acquirers and in projects the firm works on a mix of infrastructure and energy-related deals.

 Highlights 

Commercial International Bank (CIB) EGP 18 billion loan to Telecom Egypt (TE).

Arma Food Industries acquisition of majority stake in Egyptian Company for Foods.

Shard Capital Partners LLP Framework Agreement for Egypt’s first $7 billion petrochemical complex.

Testimonials (2024/2025)

"Unmatched Reputation & Track Record, Top-Tier Rankings & Consistent Recognition, Exceptional Team & Mentorship Structure, Client-Focused Approach, Local Insight & Strategic Problem Solving, and Standout Individuals Praised by Clients" - Restructuring 

"I like their professionalism and problem solving techniques and their network reach." - Project development 

"What I particularly value about Zaki Hashem Law Firm is their deep expertise in corporate and commercial law combined with their practical, solution-oriented approach. They not only guided us smoothly through the establishment of the company and all corporate formalities, but also demonstrated strong capabilities in handling complex regulatory matters and negotiations with government authorities. Their team is highly responsive, professional, and detail-oriented, which gave us confidence that every step was being managed diligently. What makes them stand out is the combination of local market knowledge, international perspective, and the ability to provide both strategic advice and hands-on legal execution. This holistic support allowed us to focus on our business objectives while knowing that the legal aspects were fully secured." - Project development 

"Unmatched Reputation & Track Record, Top-Tier Rankings & Consistent Recognition, Exceptional Team & Mentorship Structure, Client-Focused Approach, Local Insight & Strategic Problem Solving, and Standout Individuals Praised by Clients." - Zaki Hashem 

"He is second to none in technical and interpersonal skills." - Zaki Hashem 

"Heba Elnaggar demonstrates exceptional legal expertise and strong client service. She is particularly effective in handling complex corporate matters, drafting and negotiating contracts with precision, and providing clear, practical guidance on regulatory and governmental processes. She is responsive, detail-oriented, and always ensures that we feel well-informed and supported throughout the process. What stands out most is her ability to combine technical accuracy with a business-oriented approach, which adds real value to our work." - Heba Elnaggar 

Key clients 

Key clients of the firm include HSBC, CIB, Citigroup Global Markets, Palm Hills for Development, EFG Hermes, Beltone Capital, American International Group (AIG Egypt), Vodafone Egypt Telecommunications, Al Babtain Group, RAMW Group and Wadi Group. 

Shahid Law Firm is an Egyptian law firm established in 1987 by Counselor Sarwat Abd El-Shahid. The firm has one office in Cairo.

The firm is active in banking & finance, equity capital markets, M&A and projects work. In banking and finance the firm works on acquisition financing whilst in equity capital markets the firm works on secondary share offerings, in M&A the firm works on acquisitions and restructurings and in projects the firm works on energy and infrastructure projects.

Key clients

Notable clients of the firm include FMO, Voltalia, Scatec Solar, OiLibya, NI Capital, Egyptian Iron & Steel Company, Heliopolis Company for Housing and Development, Abbott Laboratories, Acciona, Béard and Scatec Solar.

Alliance Law Firm is a corporate law firm in Egypt founded in 2013. The firm has one office based in Cairo and is led by managing partner Dr, Ashraf Abou Elkheir.

The firm has a focus on M&A transactions and within this area the firm is particularly active on acquisitions, investments and joint ventures for clients primarily linked with investment management, consumer goods and financial services.

Testimonials

M&A

“Full dedication of the partners, namely Dr. Ashraf Abu Elkheir and Omar Farid to address our complex projects, despite short time frames. The team provides comprehensive analysis and solutions to complex matters while protecting us as a client and at the same time, not jeopardizing the negotiations of the relevant transaction. The agility, thorough legal assessment and flexibility is outstanding.”

Project development: Infrastructure

“Very professional team, well organized, presentable staff, they have great understanding of all details and law subjects, accurate and to be honest i feel proud tlusing them as law firm in Egypt.”

Ashraf Abu Elkheir

“High business acumen which adds a lot of value to assessing our complex matters and accordingly providing comprehensive legal advice that serves us best.”

Omar Farid

“Very professional, well organized and he has great understanding for everything.”

Key clients

Key clients of the firm include Benya Capital, Commercial International Bank, Harmonica, Dolhinus Holding, Seha Capital, Golden Chain, Ezz Elarab Automotive, Qadanco, Titan International, ICON Egypt, Vodafone Egypt, and Amlak Finance.

Riad & Riad Law Firm is a law firm based in Egypt. 

The firm has a focus on projects work with a specialism for clients and projects linked to energy and transportation.  The firm is also active in M&A transactions with a focus on acquisitions and restructurings assisting clients linked to the construction, manufacturing and financial services sectors.

Testimonials  

Project development: Energy

“R&R's advice was timely, to the point and industry focused.”

Fatma Salah

“Fatma is very good at providing tailored advice with an industry focus.”

Key clients 

Key clients of the firm include Medtronic, Nufarm, Cairo-Scan, Laboratory Corporation of America, AVS, DAZN, Xiaomi, Thani Dubai Gold Mining Company, Maersk Drilling, Eni, Fawaz Alhokair Group, SEDCO Holding, British Airways, G4S, and European Bank for Reconstruction and Development. 

Sharkawy & Sarhan is a corporate law firm in Egypt established in 2006. 

The firm has a strong practice in banking and finance as well as M&A transactions and within these areas they specialize in working on bank lending transactions. 

In banking and finance the firm works for mainly lenders, in M&A the firm works on acquisitions and provided regulatory advice to a mix of acquirers and sellers, and in projects the firm works mainly on infrastructure projects.

Key clients 

Key clients of the firm include The European Bank for Reconstruction and Development, Asian Infrastructure Investment Bank, Dell Technologies, Vodafone Group, EFG Hermes Private Equity, Saham Sante, Sanofi and Chubb Services UK. 

Zulficar & Partners is a corporate law firm in Egypt established in 2009. The firm is led by managing partner Dr. Firas El Samad and is based in Cairo. 

The firm has a strong practice in equity capital markets and M&A work. In equity capital markets the firm assists on both IPOs and secondary share offerings for issuers from a wide variety of sectors whilst in M&A the firm works on a wide range of work including restructurings, acquisitions, mergers and joint ventures for clients linked with financial services and investment management, technology, construction and logistics.

Testimonials: (2024/2025) 

"They have deep knowledge of Egyptian laws and regulations. They also have excellent relations with the Egyptian Financial Regulatory Authority, the Egyptian Exchange and other authorities." - Capital markets

"The high knowledge of capital market laws and their innovative legal solutions that cover both financing needs and legal regulations." - Capital markets

"Technical expertise and market knowledge. Responsiveness was excellent." - M&A

"Professionally , punctuality and dedication." - M&A

"What makes them stand out the most is their accuracy, extensive expertise, and dedication to safeguarding their client’s interests. They have been a true support to us, always dealing in a courteous and professional manner. In addition, their speed of execution is remarkable, which we attribute to the vast experience and professionalism of their team." - Restructuring 

"He is the best capital markets lawyer in Egypt. Excellent knowledge and technical abilities. Very good relations with the regulatory bodies." - Anwar Zeidan 

"Quick Response and innovative Solutions." - Tamima Yehia

"Technical excellence." - Ingy Badawy 

"Deep knowledge , complete understanding and perfect manager." - Ingy Badawy 

"In fact, Anwar is the person who can resolve any matter. He brings deep expertise, sharp vision, and precise analysis of situations, which is why his advice has always been accurate and extremely valuable to us." - Anwar Zidan 

Key clients 

Key clients of the firm include Arab Banking Corporation, African Export-Import Bank, Banque Misr, Sky Finance, Suez Canal Bank, The United Bank, The Bank of New York Mellon, Taqa Arabia and Torah Portland Cement Company. 

Dreny & Partners Law Firm is an independent law firm founded in 2018 and is led by managing partner Motaz El Dreny.

The firm has a particular focus on debt capital markets and M&A transactions. In debt capital markets the firm specialises in securitisation transactions for clients linked to financial services and real estate whereas in M&A the firm works on acquisitions and restructurings for a mix of buyers and sellers connected with financial services, technology and consumer goods and services.

Highlights 

Hermes Securities Brokerage (HSB) EGP 900 million notes issuance

EFG Corp Solutions short bond issuance, EGP 2.650 billion, the largest corporate bond issuance on record in Egypt. 

Testimonials: (2024/2025)

"Perform work efficiently on time." - Capital markets 

"Knowledgeable, responsive, and always available. Have deep understanding of regulatory frameworks which gave us confidence throughout the entire process. Act as partners, not just external counsel." - Capital markets

"Speed, communication and transparency. Knowledge and willingness to help. They are always connected to one another making any communication seamless." - Financial services regulatory 

 "Obtaining approvals and preparing the required data." - Motaz Dreny 

"Very responsive and always available." - Sherine El Menyawy 

"Meets deadlines. Prepares well for next steps. Forecasts issues. Follows up diligently. Responds timely. Offers an extra hand whenever he can." - Omar Dwidar 

Key clients  

Key clients of the firm include Arab African International Bank, SAIB Bank, National Bank of Egypt, CIB, ValU, Jameel Finance, Beltone, Al Baraka Capital, ADVA, Capital S.A.E. 

Matouk Bassiouny established its regional headquarters in 2005 in Cairo and has developed into a full-service business law firm in Egypt led by regional managing partner Mahmoud Bassiouny. In addition to its Cairo base the firm also has offices in the United Arab Emirates, Sudan and country desks covering Libya and Algeria. 

The firm has a strong practice in banking, equity capital markets and M&A where the firm is ranked Tier 1. The firm also has a particular specialism in transactions involving equity capital markets transactions where they work for clients linked to financial services, industrial production and manufacturing and consumer goods and services. 

Highlights 

Tasaheel EGP 7 billion sustainable sukuk issuance.

Beltone Financial Holding EGP 10.750 billion capital increase.

ADQ acquisition of the development rights for Ras El-Hekma for $24 billion.

Testimonials: (2024/2025)

"They are export and professional." - Insolvency

"Knowledge, professionalism, expertise, and giving the best advise." - Investment Funds

"Responsiveness and expertise" - M&A

"Instant availability, vast experience, speeding turn around, amazing client care." - M&A

"Handling all BoDs and OGMs and follow up all other cases belongs to the company." - Tamer Fawky

"He's an expert in Venture Deals and fund structuring." - Mohammed Essam 

"Very responsive and thorough." - Omar Bassiouny

Key clients 

Key clients of the firm include International Finance Corporation (IFC), Arab African International Bank (AAIB), First Abu Dhabi Bank (FAB), Beltone, Tamweely, Emaar Misr, Catalyst Partners, AD Ports, Tasaheel, Red Sea Wind Consortium, MAFI for Agricultural Produce Industries. 

Soliman Hashish & Partners is a corporate law firm founded in 2014. The firm is led by joint managing partners Frederic Soliman and Mohamed Hashish and has one office in New Cairo.

The firm is a specialist in project development and M&A transactions. In M&A the firm assists on acquisitions and restructurings for clients in the technology, financial services and industrial sectors whilst in projects the firm works on infrastructure projects for clients linked with the financial services, construction, waste and education sectors.

Testimonials (2024/2025)

"Fast response." - Private equity 

  "SHP is probably the best full-service law firm in Egypt at the moment providing excellent client service and legal advice. SHP is extremely responsive and provide quality advice in a still challenging legal market." - Project finance 

"He is a perfect lawyer." - Mohamed Hashish 

"One of the most responsive law firm partners of a regional law firm that I know. Mohamed is an excellent lawyer that will find the right solution to a legal problem and will go above and beyond for his clients." -  Mohamed Hashish 

Key clients 

Key clients of the firm include among others Bank of America, Comexi, Univar, London Institute of Banking & Finance, Africa Crest Education, GE Healthcare, Johnson & Johnson, Wabtec, TCL. 

Khodeir & Partners is a law firm in Egypt established in December 2019 by Mohamed Khodeir. The firm has more than 20 fee earners and has one office in Giza. 

The firm has a focus on M&A deals but is also active on project finance transactions.  In M&A the firm primarily works on acquisitions for clients connected with financial services and investment management.

Key clients 

Key clients of the firm include Veto-Pharm International for Pharmaceuticals and Chemicals, Infinity Energy, International Consultant Law Office ICLO (UAE), Morgan Lewis law firm, Lnddo, Wise Investments S.A.E, Mid bank, Fine for Papers Manufacturing and Al Mostakbal for Urban Development.

Sarie-Eldin & Partners – Legal Advisors is a commercial law firm in Egypt established in 2007. The firm is led by its founder and managing partner Dr. Hani Sarie-Eldin and has one office in Giza.

The firm is particularly strong in Banking work but is also very active in M&A and project transactions and the firm has a specialism in working for clients connected with financial services. In banking and finance transactions more generally, the firm assists on both corporate and project financings, including islamic financings.

Highlights 

National Bank of Egypt's EGP 4.2 billion facility to Egyptian Chemical Industries Company SAE (KIMA)

Atrium Contracting Company acquistion of Thabat Construction Company

Talaat Moustafa Group’s Saudi Real Estate Development Company collaboration with National Housing Company of Saudi Arabia (NHC) on the Banan City Project. 

Key clients

Talaat Mostafa Group, Banque Misr, Abu Dhabi Islamic Bank, Next Bank, Atrium Contracting Company, Ezz Steel SAE. 

Over the past year Ibrachy & Partners enjoyed a significant boost in its team with the recruitment of Sara Hinton, former lead local partner for Trowers & Hamlins, and Tarek El-Gazzar, founding partner of the Cairo office of Cobbetts International. The two partners were accompanied by Mai Elshaarawy (Trowers & Hamlins) and Ahmed Agamy (Nour & Taha). The office now consists of five partners supported by eight associates and of counsel. 

The firm continued to secure mandates on some of the market’s most important transactions for both M&A and banking and finance work. The team completed the Egyptian corporate restructuring of a large global business headquartered in the US. The work was part of a Middle East restructuring and included a new partnership. 

The team also worked with Clifford Chance to assist private equity firm Actis on its $102 million investment into Edita Food Industries from two major shareholders. The investment amounted to a 30% acquisition. 

On the finance side the team acted for the Arab African International Bank (AAIB) on a number of deals, including an $86 million medium term facility to Arab Company for Projects & Urban Development to part fund the construction of a new urban development (Madinaty) and a $43 million loan to Alexandria Construction Company. The team was also working on a confidential project for a leading Egyptian company on a high value put option monetisation.

Zulficar & Partners holds its Tier 1 position across the board and remains one of the most prestigious law firms in Egypt under founding partner Mona Zulficar, a doyen of the market. The other key partners are Firas El Samad, Mohamed Abdel Wahab, Ashraf Ihab, Ingy Badawy and Anwar Zeidan.

Examples of work include advising private equity firm Abraaj Group on its E£202 million (€22 million) acquisition of Cairo Medical Center, a company listed on the Egyptian Stock Exchange (EGX). The deal was structured as a mandatory tender offer on up to 100% of the company's shares and completed in July 2014. 

In an equity capital markets case, the firm acted for EGX-listed real estate developer SODIC on its E£1 billion capital increase. The office also represented SODIC in a high value litigation and arbitration.

In a high value financing, the team represented The Egyptian Company for Mobile Services (MobiNil) on an E£815 million two-tranche syndicated medium term loan facility to finance the repayment of bonds due in January 2015 and to fund capital, operating and corporate expenditure. The lenders included the National Bank of Egypt, the Industrial Development and Workers Bank, the Egyptian Gulf Bank and Blom Bank Egypt. 

As the improved rankings reflect, Shalakany Law Office continues to advance and had some involvment in many of Egypt’s flagship deals of the last 12 months. There was no lateral hires at any level, and the team remains consistent with last year. 

One client in the finance industry said that the firm “have proven to be competent, timely and switched on”, and describes senior partner Aly Shalakany as a “superb lawyer”, whose “capabilities, knowledge and reach are phenomenal.” The firm are Egypt’s member of the networks Lex Mundi and Meritas, and have a tradition of working on cross border mandates with a host of global firms.

Despite a challenging year for financing in the jurisdiction the firm was active in the banking sector, advising both lenders and borrowers on a number of interesting transactions. The majority of the firm’s work remains confidential, but highlight clients include Citibank, Agence Française de Développement and RBS. 

A healthy year in the capital markets has propelled the firm up a tier, with activity on some of the most prominent debt and equity deals of the year. On the debt side the firm acted alongside Linklaters as local legal counsel for a syndicate of banks as underwriters on the issuance of $500 million in EMTN notes by African Export-Import Bank, as part of a wider $3 billion issuance. Also active on the equity side, the firm has been involved in a number of IPOs that remain confidential. 

The firm acted as local council on some large scale cross border M&A deals, one highlight saw the firm acting for Vimpelcom subsidiary Global Telecom Holding on the $2.6 billion sale of 51% of Algerian mobile operator Orascom Telecom Algérie, to the Fonds National d’Investissement. Historically, this was one of the largest M&A deals in both Egypt and Algeria. 

Also active in the area of project finance, the firm is working on some innovative projects in the energy and infrastructure sectors, with particular activity in solar and wind power. The firm are advising Enel Green Power on the proposed redevelopment of a 250MW wind farm, the first IPP for over 10 years, as well as First Solar in the development of a 50MW solar project. In addition the firm is actively involved in the New Capital Project, a government proposal to shift the population of Egypt away from Cairo by building a custom built city 40km away.

“Zulficar & Partners is a great firm. They are responsive, helpful and on top of the key issues. It's been a pleasure working with them,” says a partner at a leading global law firm who worked with the capital markets team on a healthcare deal. Despite its comparatively young age on the Egyptian market, the firm retains its top tier status for a further year after impressive mandates and continuing peer and client approval across the board.

In the first half of 2015 the firm hired ex World Bank employee Ghada Youness, and former Ibrachy & Dermarkar partner Tamima Yehia who was head of in house council at Nakhla Tobacco Company, as council to further strengthen the team. 

In the banking sector the firm acted on some of the major transactions in the jurisdiction. Key highlights include acting for the National Bank of Egypt on its EGP1.7 billion ($217 million) long term facility agreement that would allow steel producer Ezz Steel to restructure its debts. Another significant deal saw founding partner Mona Zulficar act for Qatar National Bank Al Ahli as lead local council in the $605 million and EGP1.15 billion restructuring agreement of Egyptian Fertilizers Company. 

In the capital markets the firm represented EPG Hermes and JPMorgan in their role as underwriters for both Emaar Misr’s EGP2 billion IPO on the Egyptian stock market, the biggest IPO since 2007, and its subsequent public offering of ordinary shares.

The corporate and M&A practice at Zulficar is divided between the pure M&A department and the capital markets department, both of which are recognised market leaders. The M&A market in Egypt has picked up over the last few years and as a result the firm are seeing a large number of mandates coming through the doors. One particularly noteworthy deal saw Youssef El Saman and Malak Elshishiny advise American multinational food manufacturing company Kellogg’s as they sought to enter the Egyptian market through the acquisition of 85.9% of Egyptian Food Company BiscoMisr. The American cereal brand was involved in a bidding war with private equity firm Abraaj Group, and eventually ended up paying over a billion Egyptian pounds for the company with a competitive mandatory tender offer (MTO). This transaction was the first time that two corporations had actively opposed each other in the jurisdiction by offering counter MTOs to gain shares in the company, and showcased the firm’s impressive capacity. 

Khodeir Nour & Taha took on its current name in April 2015 when Egyptian independent Nour & Taha formed an operational association with Middle Eastern firm Al Tamimi & Co. To date the practice has only been active on corporate matters, but in July 2015 the firm hired Bassam Moussa to head up the banking and finance team. Moussa relocated from Shalakany Law Office where he was a senior associate. 

A client from the industrial sector who worked with the firm says: “Very responsive, top quality advice. A client friendly firm which gives practical, commercial guidance.” Of Nour the same client says: “Ayman understands his client's needs quickly and always proposes sensible commercial solutions. He is very hands on and always available.” 

In the corporate space highlights include work for a local TMT company on the sale of part of its portfolio to an infrastructure company based in Egypt.

Al Kamel sit among the top firms in Egypt and often find themselves working with the likes of Slaughter and May and Mayer Brown, as well as many significant international financial institutions and corporations like the IFC. Known for its work in M&A, the team is also prominent in all other areas of financial and corporate law including banking and finance, capital markets and projects. 

A client, a board member of the target corporate in a recent M&A transaction, says that the firm has a “strong technical capability, many years of experience in international M&A and in the Egyptian market for all aspects of legal, financial, tax and regulatory law”. Another client, this time from a well-known international law firm, says: “Al Kamel is a very experienced and proficient law firm, with deep knowledge of private financing transactions in Egypt. Their advice is always thoughtful and timely.” Both clients revere partner Rasheed Kamal, calling him excellent, and one saying he is “a pleasure to deal with”. 

Banking and finance highlights include working for the Export–Import Bank of the United States and UK Export Finance on an anticipated $7 billion project financing for a petrochemical project. Elsewhere the team acted for Palm Hills Development as it secured a E£2.4 billion syndicated loan from a number of banks. 

In M&A one highlight transaction saw the team work with Egyptian food company Kamal Haggag on the purchase of 100% of the shares of Misr October for Food Industries from Gozour, a subsidiary of Qalaa Holdings. 

Ibrachy & Partners is a well-established firm in the Egyptian market and is best known for its work in banking and finance, but is also active in projects and corporate work. Notable practice areas include both conventional and Islamic finance and syndicated lending, both on the domestic scene and in cross-border multi-jurisdictional work. In projects the team is most active in PPPs (public-private partnerships). 

The firm hired a new managing associate, Bassem Abdelrahman, from Tahoun Law Office in January 2016, but this year also lost one of its founding associates, Soheir Elbanna. 

A client who the firm advised on an acquisition finance transaction is very pleased with the service his company received: “Ibrachy & Partners are excellent, and their knowledge is very good.” Shehab Fawzy, a senior associate brought in to the team in 2014, is recommended. 

In banking, the firm’s strongest practice area, one particularly interesting deal saw the firm act on behalf of a syndicate of lenders made up of French banks in connection with a $5.9 billion export credit financing agreement to the Egyptian state to finance the procurement of 24 Dassault Rafale fighter jets, a FREMM multi-mission naval frigate and several missiles, to bolster the Egyptian army’s stock. A further transaction saw the firm act for a syndicate of banks, this time regarding a senior and mezzanine facility, to finance the investment of Sonker Bunkering Company. 

In projects the team acted for the Ministry of Finance in connection with all aspects of the design and construction of a secondary treatment stage for the Abu Rawash Wastewater Treatment Plant. 

Also active in M&A, the firm advised Piraeus Bank as seller in the acquisition by Al Ahly Bank of Kuwait of subsidiary Piraeus Bank Egypt, as well as Orascom in the sale of its shares in Egyptian Company for Mobile Services to Orange, as the French company continues to expand into Africa.

Shalakany Law is a local firm in Egypt, operating in banking, capital markets and M&A, and has expertise in project finance. The firm is a member of Lex Mundi.

In project finance, Shalakany Law extensively works in renewable energy. Recently it worked on a 2500MW BOO wind power plant, representing the lenders, Japan Bank for International Cooperation, Nippon Export and Investment Insurance, SMBC, and Société Générale. 

A capital markets highlight for the firm was advising the dealers and trustee on the update of the African Export-Import Bank’s EMTN programme. The firm also represented EBRD with respect to the Ibn Sina IPO as local counsel, which was EBRD's first investment in an Egyptian Company. 

In M&A, the firm worked on the mandatory tender offer for Global Telecom Holding by Veon, its client. 

Key clients of Shalakany Law include Veon, Barclays Bank, and the EBRD. 

Client feedback

"Excellent. One of my two 'go to' firms. Responsive and efficient." – Project finance

"It's my 'go to' firm in Egypt. It offers the highest quality advice and is extremely well connected in the financial services industry. Very high quality lawyers." - M&A

"The firm is responsive, professional, detail oriented and very helpful in solving issues when they arise." – Project finance

"The firm is known for its timeliness, proficiency, quality of work, accurate advice, hard work and reliability. Overall I'm happy with the quality of work." – M&A

"It has specialised local knowledge, excellent staff, and produces excellent reports with timely delivery; but the company could improve its engagement and communications strategy with its clients - in particular with difficult and sometimes obdurate clients." – Banking and finance

"The firm has proven itself as a truly professional and dedicated law firm that we would gladly recommend to others." – Restructuring and insolvency

"The firm was very knowledgeable and very responsive." – Restructuring and insolvency

"The team is very reactive and its advice is always clear and to the point. The firm gives clear guidance." – Banking and finance 

"The firm's response is very quick, honest and straight. For the contracted service for a particular project, so far we have received only a limited amount of service due to delay of the project. Therefore we have no negative impressions of its service." – Project development

"Very good and responsive. The senior managers and partners are approachable and knowledgeable." – Project development

"We have worked with Shalakany for more than three years, primarily on two large power projects in Egypt. Both of these projects have presented a wide array of complex issues of Egyptian law, ranging from more typical power sector considerations to procurement, regulatory, environmental, and land rights issues. In each case, we have received the prompt, detailed, and informative advice that we needed in order to carry out our work on the projects. Moreover, Shalakany has been consistently strong from a strategic perspective, helping us and our clients navigate through often complex political and regulatory waters to achieve the results that our clients expect." – Project finance and development

Mariam Fahmy

"She is proactive, helpful, insightful and responsive."  

"Very responsive, diligent and persistent." 

"Quick and to the point on the issues raised."

"She has technical knowledge, provides clear advice and written communications."

Omar Sherif

"He is very responsive and very knowledgeable."

"An excellent practitioner who really knows the energy sector and provides clear advice."

"Very talented senior associate who delivers on time and offers sound legal advice." 

"He has demonstrated a depth and breadth of knowledge and skill, having provided us with first-rate written advice as well as negotiation support. He has been terrific to work with, and we recommend him unreservedly."

Aly El Shalakany

"He is of the highest quality and extremely knowledgeable."

"He has good communication skills, provides unbiased and fair advice. He's a good lawyer to have on your side to close a transaction."   

"He has international experience and local knowledge."

"We have engaged with local counsel in many jurisdictions over the years, and he stands among the very best we have had the pleasure of working with. He has a clear command of not only substantive Egyptian law, but just as importantly a firm grasp of procedural and strategic considerations that has provided us, as a international counsel. We believe that we are providing the best possible advice to our clients from both an international and local perspective."

Ibrachy & Dermarkar is a local firm active in banking, M&A, capital markets, and project finance.

In banking and project finance, the firm has been active in the energy and infrastructure sectors. including work on PPPs. In oil and gas the firm advises both upstream and downstream clients. 

Clients of the firm include Exxon Mobil Egypt and Novartis. 

Ibrachy Legal Consulting is a domestic law firm with particular expertise in banking and M&A. The firm also works in capital markets and project finance areas. 

A banking highlight for the firm this year was working on the refinancing of a syndicated loan for Egyptian Propylene and Polypropylene Company. The syndicate comprised Banque du Caire, Banque Misr, the National Bank of Egypt, CIB, and QNB. 

In project finance, the firm acted as local council for Commerical International Bank, International Finance Corporation, and the European Bank for Reconstruction and Development on providing finance to Sonker Bunkering for the construction of a bulk liquids terminal. 

In M&A, the firm acted for Orascom Telecom Ventures on the sale of its entire shareholding, in Arab Finance for Brokerage. 

Noteworthy clients of the firm include Oriental Weavers, Credit Agricole, and the EBRD (European Bank for Reconstruction and Development).  

Client feedback

"It's very consistent; provides quality advice; timely responses; very knowledgeable of local issues; and commercially aware." – Restructuring and insolvency

Sara Hinton

"She is excellent. She knows the local market very well; is pragmatic and cool in stressful situations."  

Rizkana & Partners is a local firm founded in 2016 that is active in financial services. Within financial services, the firm has provided both a general advisory role to clients in licensing and contractual matters, and represented clients with regard to competition law. 

Clients of the firm include Ripple Egypt. 

Nour & Selim in association with Al Tamimi & Co was active in all areas of work covered by the rankings.

In capital markets, the firm worked extensively for the Egyptian Ministry of Finance as issuer on bonds. In banking, the firm has advised Emirates NBD on a revolving loan from the European Bank for Reconstruction and Development. In M&A, the firm worked for both the buyer and seller on acquisitions, and represented Ezdehar Mid-Cap Egypt Fund on the acquisition of Dsquares. 

The firm hired a new partner in 2017, Hossam Gramon from Matouk Bassiouny, who has become an integral part of their practice, heading project finance and banking, and working in capital markets and M&A. Along with hiring its new partner, the firm has almost doubled the number of qualified lawyers working for it. 

Key clients include the Egyptian Ministry of Finance, Emirates NBD Bank, United Africa Beverages, and Macro Group Pharmaceuticals. 

Client feedback

"Good level of competence and responsiveness." – Banking and finance

"The firm was very professional." 

Mohamed Gabr

"Great support, brilliant negotiator. He's very creative on restructuring and has proactive and effective problem solving skills."

Alliance Law Firm is a local firm in Egypt mainly active in M&A work.

In M&A recently the firm was active advising acquirers on deals in the real estate, banking, technology, health, financial services, food and oil and gas industries. It also worked for sellers on deals in the automotive and technology sectors, including on private equity deals.

Recent Deal Data highlights 

•Fiber Misr acquisition of Equinox International

•Lord International acquisition of Siemens Heat Transfer Technology

•Seha Capital acquisition of United Doctors 

Client feedback

"The firm has a good pool of lawyers; it is well connected and has a good reach to different governmental bodies." - Financial services regulator

"Overall the firm's work is thorough and very well drafted. They advised us on the entire transaction process with the utmost diligence. The only key issue would be timing, they tend to take time and skip deadlines." - M&A

"The firm is responsive, efficient and well specialised in the areas of service." - M&A

"The firm is very responsive and supportive; it has a good business sense when applying legalities." - M&A

"Very well organised and professional approach. The partners' previous background as in house lawyers facilitates the understanding of customers' issues." - M&A

"Alliance is one of the best legal firms we deal with; it has an excellent and clear understanding of the subjects and has a high credibility." - Private equity

"They are committed, very aware of international law, well structured and always on time." - Project finance

Ashraf Abou Elkheir

"He has an excellent legal knowledge and expertise. He is very good at handling client relationship. He is trustworthy and efficient. He always finds innovative solutions. He is proactive and creative."

"He has business knowledge, knows the country legal framework and has innovative ideas, and thinks outside the box."

"Very good, smart and reliable."

Ahmed Hafez and Hadir El-Hakim

"Both are excellent, we are happy to deal with them."

Omar Farid

"Omar is an excellent lawyer, he listens very carefully to feedback implementing it extremely well. He also gives good advice to our benefit regardless of the situation. He manages meetings and discussions with counterparties very well and is a pleasure to work with."  

Marghany Advocates is a local firm focused in M&A.

During the research period the firm’s work in the M&A area included advice to an acquirer on a deal in the energy sector.

Recent Deal Data highlights

·         Alexandria Mineral Oils equity acquisition of Alexandria Wax Products

ADSERO – Ragy Soliman & Partners is a corporate law firm based in Cairo which was founded in 2019.

Focusses / specialisms

The firm has a focus on banking, capital markets, M&A and project finance transactions.

Key clients

Key clients of the firm include the Egyptian Ministry of Finance and the Egyptian Starch & Glucose Company.

Research period review:31^st edition (2020/21)

During the research period the firm was active in banking and debt capital markets.

In banking the firm’s work focused on loans work for borrowers for firms connected with the wholesale industry.

In debt capital markets the firm worked on bond issuance transactions for clients related to the public sector.

In M&A the firm’s work focused on working acquisitional transactions for sellers connected with the food and beverages sector.

In project finance the firm worked on financing transactions for clients connected with the transportation sector.

Deal highlights:31^st edition (2020/21)

Cairo Three A for International Industries acquisition of Egyptian Starch & Glucose Company shares

Egyptian Ministry of Finance bond issue

Al Kamel Law is a commercial law firm in Egypt established in 1978 by Dr Mohamed Kamal. The firm has one office in Cairo and has 47 lawyers.

Focusses / specialisms

The firm has a strong practice in Banking, M&A and project development achieving tier 1 status in all three categories.

Key clients

In banking the firm has relationships with Export-import Bank Of The United States, U.K. Export Finance And Overseas Private Investment Corporation, Lactalis – Halawa Group, Bayerische Landesbank, Deg-deutsche Investitions- Und Entwicklungsgesellschaft, Oesterreichische Entwicklungsbank, Nordea Bank, Palm Hills Developments, and Arab African International Bank.

In capital markets the clients has developed relationships with Nordea Bank, and El Mansour and El Maghraby Investment and Development Company.

In M&A the firm has developed relationships with Securemisr S.A.E., Lactalis Halawa Group, Johnson & Johnson, Procter & Gamble, Spinneys Egypt, Ykk Egypt, Chevron.

In projects the firm has developed relationships with Export-import Bank Of The United States, U.K. Export Finance And Overseas Private Investment Corporation, Deg-deutsche Investitions Bank, Oesterreichische Entwicklungsbank AG, International Finance Corporation, and Bayerische Landesbank.

Research period review:31^st edition (2020/21)

During the research period the firm was active in banking, capital markets: structured finance and securitisation, M&A, project finance

In bankng the firm’s work focused on lending and Islamic finance deals for clients connected with banking and financial services.

In capital markets: structured finance and securitisation the firm worked on securitisation work for clients connected with social infrastructure.

In M&A the firm worked on joint ventures, mergers and acquisitional transactions for clients in financial services, healthcare and consumer goods.

In project development the firm’s work focused on concession work for clients in the renewables and power sectors.

In project finance the firm worked on financing projects for clients connected with the renewables sector.

Deal highlights:31^st edition (2020/21)

Egypt Telecom loan

50MW solar photovoltaic power plant project

Halawa Group EGP1bn acquisition finance

Scatec Solar loan

Sekem Holding loan

Tahrir Petrochemicals Corporation loan

Client Feedback: 31^st edition (2020/21)

Capital markets: Equity

"Deep knowledge of capital markets, open to various unconventional legal structures yet maintaining the client's best interest. They were available and gave full support to customers 24/7."

M&A

"The firm understands all the aspects of the M&A process and was able to walk us through it smoothly without any in-house legal know how. Furthermore, the firm has a very commercially oriented mind-set to getting the deal done."

"They are very dedicated and professional to work with and we have a good relationship with them. It is never a burden to work with them."

Project finance

"AK team is a full-service local law firm for us, so they have provided us with a range of advice, including on commercial/transactional documents, financing and security matters, corporate matter, governmental affairs and strategy, and real estate and tax advice. They know the international project finance market well and are a wonderful interface between the high expectations and demands of lenders in that market and the complexities and nuances of how to get deals done in Egypt."

Shahira Khaled

"Very commercially oriented and has great knowledge of all matters of Egyptian law. Very good communicator and always accessible whenever we needed her."

Shahira Khaled and Rasheed Kamel

"They are extremely responsive and help us to serve our clients quickly. They are wonderful communicators and do a great job of boiling complex legal issues down to succinct analysis that discusses the pros and cons of various positions. They are also creative lawyers which is something which really separates the great from the good in the project finance space."

Youssef Nassef

"Very friendly and good knowledge of the national law."

Youssef Nassef, Rasheed Kamel and Linda Azmy

"They are very dedicated, have a lot of knowledge and communicative strong and professional.

El Said Darwish & Partners is a business law firm based in Cairo.

Focusses / specialisms

The firm is a specialist in banking transactions with a particular focus on Islamic finance.

Key clients[G(1] 

Key clients of the firm include Al Marasem International for Development, Cheiron Finance, Torsina Suez Petroleum, Shell Egypt, BG Egypt, PICO Petroleum, Power Systems Holdings, La Poire Group, Cancale Holding Company, Al Darwish United Company, Dana Petroleum, and Primesouth.

Research period review:31^st edition (2020/21)[G(2] 

During the research period the firm was active in banking, M&A and project development.

In banking the firm’s work focused on Islamic finance transactions for borrowers.

In M&A the firm’s work focused on acquisitional transactions for sellers.

In project development the firm’s work focused on negotiating projects for clients connected with the energy sector.

Client Feedback: 31^st edition (2020/21)[G(3] 

Bank lending: Borrower side

"The firm had excellent negotiations with the law firm representing the lenders. They had full awareness of Egyptian laws and their effects on the guarantees provided and protected the borrower against exaggerated collaterals that may be requested by banks."

Mohamed Darwish

"He had full awareness of the legal aspects of the transaction."

Helmy Hamza & Partners is a law firm in Egypt established in 1986. The firm is part of the Baker McKenzie network and has approximately 45 lawyers, including five partners and six counsels.

Focusses / specialisms

The firm has a strong practice across most practice areas recognised for Egypt, specifically banking, equity capital markets, M&A, project development and project finance, in all of which the firm is ranked tier 1.

Key clients

Key clients of the firm include Africa Finance Corporation, African Development Bank, African Export-Import Bank, Ahli United Bank (UK), Arab African International Bank, Arab Banking Corporation, Arab Company For Projects And Urban Development, Arab Republic of Egypt through the Ministry of Finance, Banque Du Caire, Banque Misr, BLOM Bank SAL, Carbon Holdings, First Abu Dhabi Bank, International Finance Corporation, Marakez Al Sokhna for Real Estate Projects, and TMG for Real Estate and Tourism Company.

Research period review:31^st edition (2020/21)

During the research period the firm was active in banking, debt capital markets, equity capital market, investment funds, M&A, project development project finance

In banking the firm was active in loans for lenders linked to the banking and financial services sectors.

In debt capital markets the firm’s work focused on bond issues for clients connected with financial services and real estate.

In equity capital markets the firm’s work focused on IPOs for issuers in banking and financial services.

In investment funds the firm worked on fund formation and structuring for clients connected with real estate.

In M&A the firm worked on acquisitions, investments and joint ventures for buyers and sellers connected with financial services, manufacturing and consumer goods.

In project development the firm worked on concessions and negotiations related work for projects for clients connected to oil & gas, renewables, transportation and power.

In project finance the firm worked on financing projects for clients connected with transportation, social infrastructure, consumer goods and renewables.

Deal highlights:31^st edition (2020/21)

Arab Company for Projects and Urban Developments EGP2 billion sukuk issue

Canal Sugar Company loan

Hitachi US$11bn investment in ABB

Middle East Glass Manufacturing Company financing

National Egyptian for Railroad Industries Company (NERIC) manufacturing project.

National Service Projects Organization US$300 million joint venture with Grifols

Orascom Construction loan

Orascom Development Egypt syndicated loan

Tanmeyah Micro Enterprise Services EGP3 billion bond issue

Client Feedback: 31^st edition (2020/21)

Bank lending: Borrower side

"Whilst providing a legal review of loan contracts they balanced both the legal requirements and the business aspects."

Bank lending: Lender side

"They went deep inside all the assets and liabilities items."

"They investigated all assets and liabilities items in detail."

Banking and finance

"The firm is very cooperative, and they have expert employees."

"Very competent and efficient."

"Professional, they gave timely responses, high quality legal knowledge and responses, were client focused and commercially attainable."

Financial restructuring

"Engaged with all lenders and had clear communication in terms of roles and responsibility and proactivity following with all teams."

Project development

"The entire team is very knowledgeable, commercially aware, professional in dealing with the parties, punctual on deadline and friendly in dealing with the team and counterparts."

"Very knowledgeable and understanding of commercial reality, meticulous, professional, provided organized in project management and always delivered on time."

Project development: Infrastructure

"Good technical legal skills and a sound knowledge of market practice."

Project development: Mining

"The Firm is diligent in handling all reviews and/or drafting of legal agreement. They are perfectly prepared for project finance related agreements."

Project finance

"Excellent service, quite knowledgeable and very timely response."

Lamyaa Gadelhak

"Very knowledgeable and available."

"Very professional, experienced and knowledgeable about the area and the industry."

"Very responsive, affable and approachable with very good technical legal and problem solving skills, she understands us as a client."

Mohamed El Harmy

"Extremely professional, knowledgeable, commercially attainable and gave top the point responses and advice. He respected timelines and deadlines and was very pleasant to deal with."

Mohamed Ghannam

"Very commercially focused advice."

"The most knowledgeable and commercially attainable lawyer I have ever known or worked with. Very meticulous and detail oriented, whilst always still focused on client's needs. Very pleasant to work with!"

"Engaged and open to listening at any time. He was supportive of our business needs."

Mostafa Lotayef

"Very knowledgeable, professional and goal oriented."

"He reviewed the loan contract and documentation in a timely manner and ensured business flexibility."

Mostafa El Sakka

"He checked everything, i.e. all assets and liabilities, in detail."

"He was close to the customers so that he knew all the details of the items he was investigating."

Sam Dahroug

"Good at project management and keeping track of the documentation."

Matouk Bassiouny is a full-service law firm based in Egypt. In addition to Cairo the firm has offices in the United Arab Emirates, Sudan and country desks covering Libya and Algeria.

Focusses / specialisms

The firm has a strong practice in Banking, equity capital markets and M&A where the firm is ranked Tier 1. The firm has a particular specialism in transactions involving equity capital markets.

Key clients

Key clients of the firm include ADQ, Hassan Allam, Etisalat, Orascom Investment Holding, Orascom Financial Holding, RAMEDA, GB Auto, Afaq Fund, Arab Investment Bank, Abdul Latif Jameel, Act Financial, Halan For Consumer Financing, Blink Finance and Taleem.

Research period review:31^st edition (2020/21)

During the research period the firm was active in banking, debt capital markets, equity capital markets and M&A. [G(1] 

In banking the firm’s work focused on financial restructuring transactions for clients related to the automotive sector.

In debt capital markets the firm’s work focused on bond issuance transactions for clients related to financials services.

In equity capital markets the firm’s work focused on IPO and secondary issuance transactions for clients related to financial services.

In M&A the firm’s work focused on acquisitions and spin-offs for clients related to the technology and automotive sectors.

Deal highlights:31^st edition (2020/21)

Act Financial capital increase

Afaaq EGP250 million bond issuance

Orascom Investment Holding spin-off

Swiss Cotton and Garments Company capital increase

Sarie-Eldin & Partners – Legal Advisors is a commercial law firm in Egypt established in 2007.

Focusses / specialisms

The firm is particularly strong in Banking work but is also very active in M&A and project transactions. Within these firm has a specialism in working for clients connected with financial services.

Key clients

Key clients of the firm include Banque Misr, National Bank of Egypt, Arab African International Bank, First Abu Dhabi Bank, ADIB Capital, Egyptian Ministry of Finance, General Authority for Lands and Dry Ports.

Research period review:31^st edition (2020/21)

During the research period the firm was active in banking, M&A, project development, project finance and restructuring and insolvency.

In banking the firm worked for largely lenders on a variety of transactions including islamic finance and syndicated lending work for clients connected with financial services.

In M&A the firm worked for mainly buyers in acquisition transactions for clients connected with financial services.

In project development the firm worked on PPP projects for clients connected with the infrastructure sector.

In project finance the firm worked on financing transactions for lenders connected with social infrastructure and energy.

In restructuring and insolvency the firm worked on corporate restructuring work for clients connected with the automotive sector.

Deal highlights:31^st edition (2020/21)

Al Marasem International for Development Company musharka

Egyptian Ministry of Finance acquisition of Agrium stake

International Oil Multi Seeds Extraction Company syndicated loan

Madinet Nasr for Housing and Development Company syndicated loan

6th of October Dry Port PPP

Shalakany Law Office is a corporate law firm in Egypt founded in 1912. The firm has over 60 lawyers and counselors including 12 partners and has two offices: one in Cairo and one in Alexandria.

Focusses / specialisms

The firm has a particularly strong practice in project finance transactions and is also very active in project development work as well as banking, M&A, and both debt and equity capital markets. Within these areas the firm is a specialist in working on project related transactions.

Key clients

In capital markets the firm has worked with Al Ahly Capital, ECHEM, IDA, National Investment Bank, and the EBRD.

In finance and projects the firm has cultivated relationships with Egyptian Electricity Holding Company, Rosatom, Karm Solar, Arab Petroleum Pipelines Company, Toyota Tshusho, Credit Agricole, Citibank International, SACE, JBIC, NEXI, OPIC, and the IFC.

In M&A key clients of the firm include GEMS Education, South Atlantic Petroleum, Dubai Holding, United Energy Group, VEON, Japan Tobacco International, Zhenhua Oil, Mansour Group, Global Telecom Holding, TPG, and Sealed Air Corporation, Engie E&P International.

Research period review:31^st edition (2020/21)

During the research period the firm was active in banking, debt capital markets, M&A, project development and project finance.

In banking the firm worked for lenders and borrowers for clients connected with healthcare and financial services.

In debt capital markets the firm’s work focused on bond issues for clients connected with healthcare.

In M&A the firm worked on acquisition transactions and joint ventures for more sellers than buyers, these clients related to the natural resources sector.

In project development the firm worked on concession, negotiations and licences for clients connected with oil and gas renewables and infrastructure.

In project finance the firm worked on financing projects for clients related to energy and social infrastructure.

Deal highlights:31^st edition (2020/21)

Capital Drilling financing

Gulf of Suez 500MW wind farm

Hikma Group loan

Middle East Oil Refinery financing[G(1] 

Client Feedback: 31^st edition (2020/21)

Bank lending: Lender side

"Good legal analysis of the documentation (including shareholders agreements) with attention to detail and providing practical solutions in a timely manner."

"The Shalakany team provided accurate, pragmatic and timely advice and invaluable transaction management with our borrower and local security agent."

Banking and finance

"Their banking and finance skills and knowledge are second to none in Egypt. They have a deep bench of talent at both the partner and associate level and are very knowledgeable about the market."

M&A

"Shalakany is a very responsive law firm who have very good knowledge of the process for corporate transactions in Egypt."

Project development: Energy

"Always goes the extra mile to complete the job. They also provide detailed and prompt responses."

Project development: Mining

"Excellent legal counselling and guidance in running our operation in Egypt. They are knowledgeable about business in Egypt and how to establish an operation efficiently with the fewest headaches."

Project finance

"We have always found the firm to be reliable, with good knowledge and solutions to any issues arising during the deal. They are prompt in their answers and their given timeline."

"Shalakany have an excellent project finance practice and are really knowledgeable."

Aly El Shalakany

"Excellent lawyer with profound knowledge of the Egyptian market."

"Excellent finance lawyer with deep market incites."

Mariam Fahmy

"Mariam is a prodigious worker with excellent legal skills and who is also very personable."

"Highly experienced and pragmatic approach to advice provided, plus extremely well connected which assists with managing the client and associated stakeholders."

"She provides meticulous and deep legal analysis, with an attention to detail and timely advice."

Omar Sherif

"He is a good listener, responsive and supportive. He gives sound and logical advise and knows the business and thus has good recommendations."

"Good knowledge and creative solutions to the problems structuring the agreement that we faced in the deal."

Dentons in association with Afifi Law Office is the Dentons office in Egypt and opened in 1964. The firm has one office in Cairo.

Focusses / specialisms

The firm has a focus on banking, M&A and project finance.

Key clients

Key clients of the firm include Total Marketing Services, Amazon, Daimler AG, ArcelorMittal Tubular Products Al-Jubail Company, Warner Music, Volkswagen, Credit Suisse International, Abu Dhabi Commercial Bank, National Bank of Bahrain and European Investment Bank.

Levari in assocation with Pitmans is a law firm established in 2012. The firm has 35 lawyers and has offices in Cairo, Dubai and London.

Focusses / specialisms

The firm has a focus on M&A work.

Key clients

Key clients of the firm include Travelstart, Goodsmart, Valify, Kairo Labs and My Way for Tourism.

Rizkana & Partners is an Egyptian law firm established in 2016. The firm is led by managing partners Hazim Rizkana and has one office in Giza.

Focusses / specialisms

The firm has a focus on acquisition and financing transactions.

Key clients

Key clients of the firm include AerCap, Icelease, JP Morgan, DVB Bank, Arab Fund, Dubai Islamic Bank and Attijariwafa Bank.

Client Feedback: 31^st edition (2020/2021)

Asset finance

"Responsive, professional and personable."

Project development

"Identified potential risks associated with contract at hand."

Project finance

"Counselling on Egyptian mortgages and security law, as well as corporate law issues."

Marghany Advocates is an Egyptian law firm based in Cairo.

Focusses / specialisms

The firm has a focus on M&A work.

Key clients

Key clients of the firm include AOI, Sigma Capital, Tanamy Capital, Option Travel and TicketsMarche.

Nour & Partners in association with Al Tamimi & Company opened in Egypt in 2015.

Focusses / specialisms

The firm has a particular strength in debt capital markets work, achieving top tier status in Egypt for this category. The firm is also very active in banking.

Key clients

In banking and finance, key clients of the firm include First Abu Dhabi Bank Fab (UAE), Cairo 3A for Poultry, HSBC Bank Middle East, Telecom Egypt, Standard Chartered Bank UAE, The Egyptian American Enterprise Fund, The Ministry of Finance, Emirates Islamic Bank, Dana Gas PJSC/ Dana Gas Egypt, Goldman Sachs and Acwa Power Egypt.

In M&A, key clients of the firm include EFG Finance, ADQ, Telecom Egypt, Ekuity, Infinity Energy, The Egyptian American Enterprise Fund (EAEF), Anchorage Investments, Infinity Solar, Ezdehar Mid-Cap Fund Coöperatief and Arafa.