Corporate
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Corporate
General Corporate
Notable Transactions
- Legal counsel to Wabtec with respect to all legal matters in Egypt including corporate advice and incorporation of new entities in Egypt.
- Legal counsel to VICAT with respect to all of its investments in Egypt.
- Advising Quintessentially with respect to the supply of its concierge services in Egypt.
- Advising PwC on the legal framework in Egypt with respect to whether compliance with certain US requirements would conflict with, and constitute a violation in respect of, Egyptian law.
- Legal counsel to Hewlett Packard Enterprise with respect to all day-to-day corporate advice and corporate governance matters.
- Represented Arizona State University with respect to the collaboration agreement made with Galala University to offer the first dual-degree programs between an American public university and an Egyptian public university.
- Legal counsel to Wabtec with respect to supplying Egyptian National Railways (ENR) with 100 ES30ACi Evolution Series Locomotives, supporting ENR’s continued modernization effort by providing the latest, fuel-efficient locomotives needed for the growing demands on Egypt’s rail infrastructure.
- Legal counsel to Ion Beam Applications on the construction of Egypt’s first Proton Beam Therapy Centre at Children's Cancer Hospital Foundation.
- Legal counsel to MAPEI with respect to developing its 1st ever construction chemical manufacturing plant in Egypt.
- Legal counsel to Armatec on the implementation of two gas scrubbers in Egypt and all EPC-related contracts.
- Legal counsel to a confidential client on its participation in El Dabaa Nuclear Power Plant in Egypt.
- Legal counsel to Fluor Corporation on a phosphoric acid production project and on all EPC-related contracts.
- Acting as legal counsel to General Electric in implementing the 1st ever decarbonization project with the Egyptian Government.
- Acted as legal counsel to FOTON Motors with respect to a joint venture project with the Government of Egypt for construction of Egypt’s first ever plant for manufacturing electric buses.
- Legal counsel to General Electric on the construction of a 50-MW Solar Energy Plant in the Benban complex, Aswan, the largest photovoltaic power station in the Middle East and Africa.
Key contact
Frédéric Soliman
Managing Partner
Mohamed Hashish
Managing Partner
Liquidation
Notable Transactions
- Legal counsel to General Electric with respect to the liquidation one of its subsidiary in Egypt.
Mergers and Acquisitions (M&A)
Notable Transactions
- Legal Counsel to one of the leading British studios and production companies with respect to the acquisition of 100% of the share capital in a major production companies in Egypt.
- Legal Counsel in Egypt to Luxshare Precision Limited with respect to the acquisition of Automotive Cable Solutions (ACS) division from LEONI AG for EUR 525.41 million.
- Legal counsel in Egypt to both Corvinus, the Hungarian-state owned company, and Magyar Vagonwith respect to the acquisition of 100% of the share capital in Talgo S.A for approximately EUR 619 million.
- Legal counsel to Evergreen Marine Corp., in acquiring 20% stake in Abu Qir Container Terminal Company SAE (AQCT), the developer and operator of one of Abu Qir Sea Ports, which is the largest sea ports in Egypt, for approximately USD 46 million.
- Legal counsel in Egypt to Ravago S.A. in connection with the acquisition of Emeraude 3.0.
- Legal counsel in Egypt to Emerging Markets Property Group (EMPG) with respect to its merger with OLX Group.
- Legal counsel in Egypt to General Electric with respect to the sale of its transport business by WABTEC.
- Legal counsel in Egypt to ORANGE on the acquisition of EUR 75 million equity in Africa Internet Group, operator of Jumia, Easy Taxi, Lamudi, Carmudi, HelloFood, Kaymu and Jovago.
- Legal counsel in Egypt to ALSTOM on the acquisition made by General Electric of the power and grid businesses of ALSTOM with a total value of approx. USD 13.9 billion.
- Legal counsel to Alameda International For Medical Services on the acquisition of the shares owned by International Finance Corporation in Dar Al Fouad Hospital, the largest hospital in Egypt operated in association with the Cleveland Clinic.
Antitrust
Structuring and Restructuring
Notable Transactions
- Acted as legal counsel to Kellogg with respect to all legal matters in Egypt including, inter alia, an ongoing major restructuring of its business in Egypt involving various complex transactions.
- Local legal counsel to Univar with respect to all legal matters in Egypt including, inter alia, an ongoing restructuring/expansion of its business in Egypt and incorporation of a new JV.
- Advised Vicat Egypt for Cement Industry with respect to an exemption from a mandatory tender offer with respect to its restructuring on Sinai Cement Company shares, with a total amount of EGP 139,550,232
Consumer Protection
Corporate Governance
Notable Clients
- Africa Crest Education
- Babcock & Wilcox
- Bostik
- Degrémont
- Evergreen Marine Corp
- GE Healthcare
- FeildCore
- Geodrill
- Johnson & Johnson
- Kellogg
- Mapei Spa
- Mott MacDonald
- Radio Holland
- SABIS
- Univar
- Vicat
- Wabtec
Key contact
Frédéric Soliman
Managing Partner
Mohamed Hashish
Managing Partner
Frequently Asked Questions
Is it possible to directly enforce an arbitration award in Egypt?-
In order to enforce an arbitration award in Egypt, an enforcement order must be obtained by the competent Court of Appeal, providing that such arbitration award does not contravene the Egyptian public order or morality, and does not deal with rights over immovable properties located in Egypt, personal status or criminal issues.
Is there any restriction on foreign ownership of business in Egypt?+
In general, there is no restriction on foreign ownership of entities incorporated in Egypt except for limited cases such as entities: (i) undertake the activities of importation for the resale purpose , commercial agencies, and/or intermediary business; and, or (ii) are located or doing business in Sinai.
What is the legal system in Egypt?+
The Egyptian legal system is primarily based on the French civil legal system, various other European codes and religious law. In practice, religious law is applied only to personal status and family matters which are governed by the religious law of the individual concerned. The fundamental and organic law of Egypt is the Constitution thereof, which Constitution was passed in a referendum in Jan 2014 and amended in Apr 2019.
Does the Egyptian law recognise the concept of piercing the corporate veil?+
Generally, the Egyptian law does not recognize the concept of piercing the corporate veil, therefore, the liability of shareholders, in general, in Joint Stock Companies or allotment holders in Limited Liability Companies is only limited to the paid-up capital except in some limited cases.
What corporate legal services does SH&P provide in Egypt?+
SH&P provides a comprehensive range of corporate and commercial legal services in Egypt, covering a wide spectrum of core practice areas and specialized sub-practices.
The firm’s key practice areas include Banking & Finance; Capital Markets, with expertise in funds, insurance, factoring, leasing, microfinance, and mortgage finance; and Corporate, including general corporate advisory, company formation; Corporate Governance, Mergers and Acquisitions, liquidation, regulatory compliance, commercial agreements, as well as structuring and restructuring, antitrust matters and consumer protection; and Dispute Resolution, including litigation, arbitration, and Special Investment Dispute Settlement Schemes; Employment, including corporate immigration and general employment matters; Intellectual Property Rights (IPRs), covering copyright, industrial designs, patent, plant varieties, trade secrets, and trademarks; and Public Procurement, including general public procurement, public business procurement; Tax matters, including capital gains, income tax, stamp duty, value-added tax (VAT), and withholding tax; Telecoms, Media & Technology (TMT); and Trade, including anti-dumping, international trade, and local trading.
These services are complemented by the firm’s ongoing day-to-day corporate advisory, ensuring comprehensive legal support tailored to clients’ business needs.
Does SH&P advise multinational companies and foreign investors in Egypt?+
Yes. SH&P advises multinational companies, foreign investors, and business groups operating or investing in Egypt on Banking & Finance; Capital Markets, Corporate, Corporate Governance, Mergers and Acquisitions, Dispute Resolution, Employment, Intellectual Property Rights (IPRs), Public Procurement, Tax matters, Media & Technology (TMT); and Trade.
Can foreign investors own or establish a company in Egypt?+
As a general rule, Egypt permits foreign investors to establish and own companies without a statutory limitation on foreign ownership. However, foreign investment remains subject to sector-specific restrictions and regulatory approvals.
However, certain regulated activities either restrict foreign ownership or impose additional eligibility requirements before a foreign investor may establish or acquire an interest in an Egyptian company. These include, inter alia, importation activities for resale or trading purposes, commercial agency and intermediary activities, and certain investment projects carried out in the Sinai Peninsula. Investors intending to undertake regulated activities should therefore verify the applicable ownership restrictions, licensing requirements, and any minimum capital or nationality requirements prior to proceeding with the investment.
Furthermore, foreign investors may be required to obtain prior security clearance and/or other governmental approvals depending on the nature of the proposed investment, the business activity and the investor's nationality. Accordingly, foreign investors should conduct an early regulatory assessment to determine whether the proposed investment is subject to any ownership restrictions, licensing requirements or prior governmental approvals, as these may affect both the transaction structure and the anticipated implementation timetable.
How can a corporate law firm in Egypt support M&A transactions?+
A corporate law firm in Egypt supports M&A transactions by conducting comprehensive legal due diligence and advising on the applicable legal and regulatory framework governing the transaction.
Legal due diligence is a fundamental element of the transaction process, enabling the purchaser to identify legal, regulatory, and commercial red flags before committing to the transaction. It also assists in assessing the target’s legal status, confirming ownership of shares or assets, identifying existing or potential liabilities, evaluating compliance with applicable laws and regulations, and determining whether any regulatory approvals, third-party consents, or remedial actions are required prior to completion.
In addition, legal support includes advising on the structure of the transaction—whether merger or acquisition—ensuring compliance with the Companies Law, Capital Markets Law, and Antitrust Law, and handling procedural requirements such as preparation of transaction documents, corporate approvals, valuation processes, and regulatory filings with authorities such as the Egyptian Competition Authority (ECA) and the Financial Regulatory Authority (FRA).
Does Egyptian law recognise the concept of piercing the corporate veil?+
Egyptian law generally recognises separate corporate personality and limited shareholder liability in joint stock companies and limited liability companies. However, certain exceptions may apply depending on the company type, legal structure, shareholder or management conduct, and the specific circumstances of each case.