BAKER MACKENZY PROVIDED ADVICE TO INDORAMA VENTURES

BAKER MACKENZY PROVIDED ADVICE TO INDORAMA VENTURES

by | Dec 16, 2021 | News Station

Baker Mackenzy provided advice to Indorama Ventures, a world-class sustainable chemical company, producer of the intermediate petrochemicals industry, and the world’s largest producer of PET resins, on an acquisition to increase its stake in its local company in Egypt to 100 percent, representing a step forward in Indorama’s footprint in Egypt.
Partner Hani Nassef and Senior Associate Sam Dahroug lead the Baker McKenzie Cairo team advising on this transaction.
MATOUK BASSIOUNY & HENNAWY (“MBH”) HAS RECEIVED AN AWARD “SPECIAL RECOGNITION FOR RAGIONAL ADVISOR – NORTH AFRICA” AT 10th ANNUAL PEA

MATOUK BASSIOUNY & HENNAWY (“MBH”) HAS RECEIVED AN AWARD “SPECIAL RECOGNITION FOR RAGIONAL ADVISOR – NORTH AFRICA” AT 10th ANNUAL PEA

by | Dec 16, 2021 | News Station

At the 10th Annual Private Equity Africa (“PEA”) 2021 Awards Matouk Bassiouny & Hennawy (“MBH”) has received an award “Special Recognition for Regional Advisor – North Africa” in recognition of the Firm’s work as lead counsel to various leading local and international firms with a value exceeding USD 2 billion in 2020 during the hard lockdown brought by the COVID-19 pandemic
MBH was named “Top Contender” in:
– Local Legal Advisor of the Year Award.
-The Single Deal Legal Advisor of the Year Award
for advising Alta Semper Capital (“Alta Semper”), a frontier-markets private equity investor focused on consumer and healthcare opportunities, on increasing its investment in Macro Holding (“Macro”), the owner of Macro Pharmaceuticals, Egypt’s leading consumer healthcare company.
Congratulations! Your hard work and determination have paid off.
To see the list of winners, please visit:
DRENY & PARTNERS LAW FIRM IS THE LEGAL EXPERT WITH EUROPEAN INVESTMENT BANK(EIB) ON FUNDED-PROGRAM FOR SME’S IN EGYPT

DRENY & PARTNERS LAW FIRM IS THE LEGAL EXPERT WITH EUROPEAN INVESTMENT BANK(EIB) ON FUNDED-PROGRAM FOR SME’S IN EGYPT

by | Dec 14, 2021 | News Station

Great job, Dreny & Partners Law Firm
Dreny was chosen to contribute its legal expertise to the Technical Assistance team working on the European Investment Bank (EIB)-funded program “Improving access to finance by facilitating the business expansion of promising and growing Small and Medium Enterprises (SME’s) in Egypt.”
a program that aims to support SMEs and promote the development of the Private Sector.
Motaz El Dreny (managing partner) discussed the current situation regarding SME’s access to the Capital Market and development, as well as the legal barriers to SME access to the Capital Market in Egypt as an alternative methodology to accessing finance through banks and emphasized the role of legal advisors in promoting IPOS for SME’s in Egypt, and finally, he shared his recommendations for improving SME’s listing and access to the capital market.
There is no doubt that this will play an important role in increasing and supporting small and medium enterprises, considering the difficulty of obtaining financing for them due to a lack of sufficient guarantees for some banks to access in order to finance them.
THE INTERNATIONAL TRADEMARK ASSOCIATION (INTA) HAS APPOINTED MOHAMED ELDIB, AS THE ANTI-COUNTERFEITING MIDDLE EAST AND AFRICA SUBCOMMITTEE CHAIR FOR THE YEAR 2022/2023

THE INTERNATIONAL TRADEMARK ASSOCIATION (INTA) HAS APPOINTED MOHAMED ELDIB, AS THE ANTI-COUNTERFEITING MIDDLE EAST AND AFRICA SUBCOMMITTEE CHAIR FOR THE YEAR 2022/2023

by | Dec 14, 2021 | News Station

The International Trademark Association (INTA) has appointed Mohamed Eldib, as the Anti-Counterfeiting Middle East and Africa Subcommittee Chair for the year 2022/2023.
The Anti-Counterfeiting Committee is committed to enforcing anti-counterfeiting procedures all across the world. The committee evaluates anti-counterfeiting treaties, laws, and regulations and encourages enforcement education.
LawTv Co. congratulates Mohamed Eldib, Partner at Eldib & Co.
You have made us all proud. Keep up the good work.
THE CENTRAL BANK: CONTINUING TO EXEMPT BANKS FROM APPLYING CONCENTRATION RATIONS IN THE CREDIT PORTFOLIOS

THE CENTRAL BANK: CONTINUING TO EXEMPT BANKS FROM APPLYING CONCENTRATION RATIONS IN THE CREDIT PORTFOLIOS

by | Dec 13, 2021 | Legal Alerts, News Station

The Central Bank: Continuing to exempt banks from applying concentration ratios in the credit portfolios of the 50 largest clients and the parties associated with it.
The Central Bank of Egypt has decided to extend the exemption for banks operating in the local market from applying the clause on the limits of credit bank portfolio concentration with the largest 50 clients and related parties until the end of December 2022.
The Central Bank emphasized that this came to support banks in playing their role in supporting the various economic sectors, particularly given the ongoing impact of the Corona virus’s ramifications.
There is no doubt that this will have a beneficial affect on the banks’ economy and assist them in making a strong comeback following the setback caused by the Corona virus.