We have advised multinational banks on complex queries including, inter alia, providing legal framework for different types of securities in Egypt and advised on alternative ways to secure debts. Advised companies as borrowers in finance and refinance deals worth USD 500 million. However, we work with our clients to arrange, document and diversify funding sources from both domestic and international markets. In addition, we have advised on issues pertaining to Repo transactions, FX regulations, Islamic Finance, corporate lending & loan markets, structured finance and Single Obligor under Egyptian Laws.
The following is a brief of cases that our Partners have worked with or against national and international banks:
- We have represented an Egyptian importation company to reach a settlement re their controversies with Emirates NBD in Egypt pertaining to letter of credits.
- We have won an important case against Bank Misr pertaining to evaluation of assets of Mohamed Ali Pasha (former king of Egypt) and accordingly the amounts of granted loans in favor of his heirs.
- We have won and executed legal cases filed against the Ministry of Finance with an amount exceeding EGP 500 million as a compensation for the sequestration and nationalization of our clients’ assets.
- We have leaded the negotiations and reached a settlement with Commercial International Bank of Egypt, Credit Agricole (Cairo and Paris Branch) and several banks in Egypt while representing an Egyptian Family business company, whose one of its shareholders is based in Paris.
- We have represented local real estate & development company in Egypt working in the construction field and won arbitration against Le Meridian and several banks in Egypt.
- We have represented a leading Egyptian Company (with Saudian shareholders) working in the field of construction, development and hotel management pertaining to rescheduling their debts with National Bank of Egypt, HSBC, CIB.
- Our Partner, Mr. Mohamed Saleh, during his lifetime experience, advised HSBC, CIB, NBE, AAIB, Bank of New York Mellon, JP Morgan and Morgan Stanley in several opinion and transaction re different types of collateral under Egyptian Laws.