Mohamed El Harmy

Mohamed El Harmy

Associate
Helmy, Hamza and Partners

Biography

Mohamed is a senior associate in Baker McKenzie's Cairo office, as well as a teaching assistant in the School of Law, Cairo University. Before joining the Firm, Mohamed was also appointed as a judge in the Egyptian State Council. Prior to this, Mohamed worked as an associate at an Egyptian law firm from 2011 to 2015.

Practice Focus

Mohamed focuses on banking, project finance, oil and gas, renewable energy and projects.

Representative Legal Matters

Energy and Infrastructure projects

  • Acted for a consortium consisting of ACCIONA energia (Spain), Swicorp (Saudi Arabia) and TBEA (China), on the financing of three photovoltaic plants in Egypt. The projects come under round two of the Egyptian government's feed-in-tariff program, which is aimed at stimulating private investment in over four GW of wind and solar power.

  • Represented ACWA Power in connection with three solar PV power plant projects under the second round of the feed-in tariff program. The three projects have a total capacity of 165.5 MW at a total investment value of USD 190 million. 75% of the project cost is financed through a non-recourse project debt from the European Bank for Reconstruction and Development and the Industrial and Commercial Bank of China.

  • Represented Taqa Arabia for Solar Energy, a subsidiary of Taqa Arabia, in connection with the development of a 2x50 MW photovoltaic power project as issued under the same FiT program of the Egypt Ministry of Electricity & Energy. Project Finance International's Global Multilateral Deal of the Year 2017.

  • Acted for Bank of Tokyo-Mitsubishi, Japan's largest bank, with respect to amendments/re-scheduling of the facilities granted to an Egyptian refinery company whereby the total facilities were increased to USD 3.3 billion.

  • Represented Melrose Resources Plc in a GBP 165 million merger with Petroceltic International Plc for the purpose of the proposed re-admission of the enlarged share capital of Petroceltic to the AIM Market of the London Stock Exchange and the ESM of the Irish Stock of Exchange.

Banking and Finance   

  • Advised an international bank with the restructuring of the existing financing of USD 80 million to an Egyptian company to finance the acquisition of a stake in a BVI company.

  • Acted as a legal advisor to international bank in connection with extending a term loan facility agreement to an oil and gas company to use the loan proceeds in the payment of certain outstanding amounts.

  • Acted on extending a financing of USD 220 million to a multinational telecommunication services provider to refinance its existing indebtedness.

  • Advised group companies on a financing package of up to USD 877 million to US and Norwegian parent companies.

  • Acted as an Egyptian counsel in connection with extending a financing of USD 45 million to a DIFC company to finance the acquisition of a controlling stake in a plastic pipes company.

Professional Honors

  • Rising Star, Legal 500, 2015
  • Awarded, Infrastructure & Project Finance Deal of the Year, International Islamic Finance News (IFN), 2014

Professional Associations and Memberships

  • Egyptian Bar Association

Admissions

  • Egypt

Education

  • University of Aberdeen (LLM) (2016)
  • Cairo University (LLM) (2013)
  • Cairo University (License en droit) (2011)

Languages

  • Arabic
  • English
  • Co-author, Loans & Secured Financing (Egypt Chapter), Getting the Deal Through, September 2015