Egypt

Colluding to Lower Prices can be Illegal too: Egypt Fines a Price-Reducing Cartel for the First Time

Twelve individuals from nine companies were fined a total of EGP 4.5 million for their involvement in a cartel designed to lower prices and foreclose the market for chick production.

Overview

As market leaders in mergers and acquisitions, project finance and capital markets, we advise clients on some of the most prominent transactions in the Middle East. Our accomplishments include advising BNP Paribas on the USD 469 million SACE (Italian export credit agency) covered buyer credit term loan facility to the Egyptian Electricity Holding Company, named Euromoney Trade Finance Journal's "Deal of the Year" in 2017, advising EFG Hermes as the Sole Global Coordinator and Joint Bookrunner on the (USD 170 million) global offering by ADES International Holding Ltd, on the London Stock Exchange, named IFLR Middle East Awards' "Equity Deal of the Year 2017" and advising various development consortia opposite International Finance Corporation (IFC) on five of IFC's thirteen solar PV projects under Round 2 of the Egyptian Government's Feed-in Tariff (FiT) programme named Project Finance Magazine Awards "Global Multilateral Deal of the Year 2017".

Offices

Cairo

Nile City Building, North Tower
21st Floor 2005C, Cornich El Nil
Ramlet Beaulac
Cairo
Egypt

Tel: +20 2 2461 5520 Fax: +20 2 2461 9302

Local expertise

Our Cairo office offers a range of legal services with a specific focus on M&A, Banking & Finance and Capital Markets. We are ranked one of the best law firms in Egypt in these areas, and our practical, tech-savvy approach to working with clients is fundamental to our success.

With the recent rise in cross-border transactions in Africa, our Antitrust & Competition group has become even more crucial to clients as they apply for clearance for transactions across multiple jurisdictions and need help responding to dawn raids and cartel investigations.

We support our lawyers’ professional growth through development programs designed to help them reach their highest potential. Our Development Framework offers our lawyers a roadmap to success by describing the legal skills and personal qualities they need to be successful at every stage of their careers. Our office also has a culture of friendship that extends throughout the Firm.

View career opportunities in Egypt

Overview

Offices

Cairo

Local expertise

Industry knowledge

Key Contacts

M. Taher Helmy

Mohamad B. Talaat

Mohamed A. Ghannam

Hatem A. Soliman

Ziad A. Gadalla

Lamyaa H. Gadelhak