Cairo, 24 February 2021
Zaki Hashem & Partners is pleased to act as the legal counsel to Ebtikar Holding for Financial Investments SAE in relation to the contemplated subscription by Vodafone Egypt Telecommunications in a 20% stake in each of Masary and Bee, Ebtikar’s electronic payment subsidiaries and two of the leading e-payment solution providers in the Egyptian market for the past decade.
A term sheet was signed on Tuesday 23 February 2021. The process of completing the Transaction has commenced and the parties are progressing towards reaching the definitive agreement as soon as possible. This transaction when completed will contribute to the financial inclusion of the Egyptian people as well as aiding in the digitization of the Egyptian economy.
Cairo, 3 January 2021
Zaki Hashem & Partners Legal Advisor to the Egyptian Securitization Company in its Tenth Securitized Bond Issuance
Zaki Hashem & Partners (ZH&P), Attorneys at Law, acted as the Legal Advisor in the successful placement of the Tenth securitized bond issuance by CI Capital’s Corporate Leasing Company Egypt SAE “Corplease”. The bond issuance amounts EGP 2.7 billion and is considered as the largest securitized bond issuance by the private sector. It is also the largest of its kind for a company that is engaged in non-banking financial activities.
Misr Capital Investments SAE, the financial arm of Banque Misr, acted as the Issuance’s Manager, Financial Advisor, and Promoter. The Guarantors of this issuance are Banque Misr, Misr Capital, Banque du Caire and Suez Canal Bank. Banque Misr also acted as the Custodian of the issuance.
Zaki Hashem & Partners had also acted as the Legal Advisor to Corplease in its 4th, 5th, 6th, 7th, and 8th, and 10th securitization bond issuances.
Zaki Hashem & Partners takes pride in showcasing the contribution of its lawyers to sharing their expertise and know-how through renowned international legal platforms. The most recent contributions underwritten by our lawyers include authoring the following publications.
Egypt: Project Finance 2019
Sameh Kamal, Egypt: Project Finance 2019, The 8th Edition of The International Comparative Legal Guide (ICLG), The Global Legal Group, UK, 2019.
Mr. Samah Kamal authored this Project Finance Chapter on Egypt as part of the 8th Edition of the International Comparative Legal Guide published by the Global Legal Group. The Chapter covers common issues in Project Finance Laws and Regulations in Egypt - including Bankruptcy, Security, Restrictions, Insurance and Arbitration.
About the Author
The Decommissioning of Oil and Gas fields: Egyptian law and policy
Mostafa El Shazly, the Decommissioning of Oil and Gas Fields: Egyptian Law and Policy, the Journal of World Energy Law and Business (JWELB), Oxford University, UK, 2019.
Dr. Mostafa El Shazly published the article on the Decommissioning of Oil and Gas Fields in Egypt in the Journal of World Energy Law and Business released by Oxford University. The article highlights the legal challenges relating to the legal framework for decommissioning arrangements in Egypt. Moreover, his contribution also present recommendations to enhance the current regulatory framework for the decommissioning of oil and gas fields with the purpose of maintaining the balance of interests between international and national oil companies active in Egypt.
About the Author