ADSERO-Ragy Soliman & Partners
Global Guide 2024
About
Firm Details:
- Managing Partner: Ragy Soliman
- Senior Partner: Osman Mowafy
- Number of Partners: 11
- Number of other fee earners: 129
- Point of contact for all enquiries: Ragy Soliman,[email protected]
Firm Overview:
ADSERO – Ragy Soliman & Partners is a full-service independent law firm that is committed to providing its clients with unparalleled quality. We invest in the brightest commercial-minded lawyers and offer innovative legal solutions with a global reach.
The firm has developed a wide range and depth of expertise, including structuring, mergers and acquisitions, capital markets, debt finance, corporate governance, project finance and complex high-stakes commercial and securities litigation.
Since its inception, ADSERO has been recognised by peers and clients as one of the top legal service providers, a testament to its partners' and senior lawyers' long-standing history and capabilities. This success allowed us to attract the best talent in the market and support several prominent businesses locally and internationally, including S&P 500 companies, further solidifying our position in the industry.
For four consecutive years (2021 - 2024), ADSERO has received the prestigious Lexcel quality mark from the Law Society of England and Wales. ADSERO is the only firm in the MENA region to have received this certification, among the highest marks for quality in international legal practice. Furthermore, since its establishment, the firm has been ranked by world-renowned ranking institutions, most notably IFLR1000, Chambers & Partners and Legal 500. In addition, in October 2022, ADSERO was selected as the Rising Star Law Firm in the MENA region by IFLR1000, a world-renowned legal ranking institution. Furthermore, in partnership with the COP27 Presidency, ADSERO sponsored the 27th Annual United Nations Climate Change Conference of the Parties (COP27) and was the legal advisor to the COP27 Presidency.
Main Practice Areas:
Mergers & Acquisitions and Capital Markets
- Heads: Ragy Soliman and Ahmed Abdelgawad
- Fee earners: 22
ADSERO has a highly integrated network across multiple industries and sectors, which has allowed our skilled team to assist a wide range of clients in raising capital through private and public offerings and navigating the complex aspects of transactional proceedings.
Due to ADSERO's extensive network of connections and law firms in various jurisdictions, as well as the firm's insightful and creative approach, ADSERO is able to maximize the benefits for its clients on their deals. The team is skilled at effectively negotiating complex transactions and has a reputation for delivering the highest quality advice in domestic and international markets. In addition, the firm's team of experienced attorneys has a wide range of legal backgrounds and strong relationships with key players in the financial industry, including issuers, regulatory bodies, exchanges, and large financial institutions. This allows the firm to provide innovative legal and strategic transactional advice and customised solutions to meet the client's specific needs.
ADSERO's M&A team members have successfully executed over 220 transactions in over 30 countries, with a total equity of over USD 110 billion. In addition, ADSERO's Capital Markets group achieved transformational results, having accomplished over 75 capital market equity and debt transactions worth over USD 65 billion in the financial market.
Corporate, Commercial & Regulatory
- Head: Mohamed Abdelgawad and Ehab Fedaa
- Fee earners: 45
The Corporate, Commercial and Regulatory team is familiar with identifying and implementing appropriate day-to-day practical and forward-thinking legal advice. The team advises on a daily basis many of the leading domestic and multi-national clients across all sectors with a wide-ranging experience in corporate governance, business operations, regulations and licensing and compliance with applicable laws and regulations.
Banking & Project Finance
- Head: Hossam Gramon
- Fee earners: 9
The firm's Banking and Finance team is comprised of experienced lawyers with a profound understanding of the financial tools and their practices in the Egyptian market. They are always abreast of the legal developments in finance and projects. The team possess excellent exposure to Islamic finance bonds (Sukuk) and debt capital market finance tools. The team frequently advises lenders and borrowers on sophisticated syndications, club and multilateral transactions. The team also assisted several international investments and commercial banks on regulatory matters and financial litigations. The teams' list of credentials also extends to project finance in several sectors, including petrochemical greenfield and brownfield project finance, education projects, healthcare projects and mining projects.
In addition to the ample credentials in project finance transactions, the team also frequently advises on engineering and procurement contracts (EPCs), management and operations agreements, power purchase agreements, and water purchase agreements for landmark transactions in the field of transportation, healthcare, heavy industries, renewables, infrastructure and agri-business.
Dispute Resolution: Litigation
- Head: Osman Mowafy
- Fee earners: 27
The Dispute Resolution team has an exceptional track record in high-stakes commercial litigation and international arbitration. The team members have had extensive experience representing businesses of varying profiles, such as senior-level board members and executives of substantial corporates, banks, investment dealers and securities advisors. In certain circumstances, our experienced litigators, arbitrators and prosecutors have successfully defended matters in the intellectual property, telecommunications, health, education, technology, industrial and public sectors.
Ranked Offices
Provided by ADSERO-Ragy Soliman & Partners
- Cairo1 Gabalaya Street, 6th Floor, Zamalek, Cairo, Cairo, Egypt
- Tel: +20-2273-77115
- View ranked office
Contributions
Latest contributions provided by ADSERO-Ragy Soliman & Partners
ADSERO-Ragy Soliman & Partners rankings
Articles, highlights and press releases
56 items provided by ADSERO-Ragy Soliman & Partners
The Amendment to the Investment Law: A New Strategy Towards Widening Investment Incentives
On 25 July 2023, Law No. 160 of 2023 was issued, introducing significant changes (the “Amendment”) to Law No. 72 of 2017, issuing the Investment Law (the “Investment Law”).
Major Amendments to Tax Legislations: A New Strategy Towards Restructuring The Income Tax System
On 15 June 2023, Law No. 30 of 2023 was issued, introducing significant amendments to two crucial tax legislations listed below, aimed at fostering a fairer tax system while simultaneously creating a favourable environment for investors.
The Establishment of the Egyptian Authority for Intellectual Property ("IP")
In the spirit of government-led reforms in Egyptian legislation, a significant legal development occurred on 6 August 2023, with the issuance of Law No. 163 of 2023 (the “Law”), establishing the Egyptian Authority for Intellectual Property (“EAIP”). EAIP shall report directly to the Prime
Egypt’s New Law Opens Importers’ Register to Foreign-Owned Companies
On 29 October 2023, Egypt issued Law No. 173 of 2023 (the “Law”), providing exemptions from certain provisions outlined in the Importers’ Register Law No. 121 of 1982.
Law No. 175 of 2023 Amending Income Tax Law No. 91 of 2005
On October 31, 2023, Law No. 175 of 2023, amending Income Tax Law No. 91 of 2005, entered into force. The amendment introduces new tax rates and brackets.
The Establishment of The Egyptian Agency for Export and Investment Guarantee
On November 10, Law No. 178 of 2023, establishing the Egyptian Agency for Export and Investment Guarantee, entered into force. The law, subsequently replacing Egypt's Export Credit Guarantee with the new Agency, represents a crucial step toward encouraging Egyptian exports and investment.
Employer’s Preparations for the New Fiscal Year
Effective 1 January 2024, the minimum wage for private sector employees has been increased to EGP 3,500 (from EGP 3,000) by the Ministry of Planning and Economic Development, as per Decree No. 90 of 2023.
New Regulations on Foreigners’ Residency Application Fees
In light of the governmental initiatives to enhance the country’s reserve for foreign currency, new regulations have been issued vis-à-vis foreigners residing in Egypt.
The New Draft Law Regarding Investment Incentives for Green Hydrogen Projects
The Draft Law aligns with the Egyptian Constitution regarding economic objectives, including achieving economic development, creating job opportunities, and reducing the unemployment rate.
Amendments to the Egyptian Child Law
Law No. 186 brought about a wave of amendments to Child Law No. 12 of 1996, increasing monetary fines and granting nursing and childcare rights to female employees who have custody or guardianship.
Egypt Approves the New Draft Law Regarding Investment Incentives for Green Hydrogen Projects
Discover the latest legal insights as Egypt paves the way for a sustainable future, offering incentives for Green Hydrogen Projects.
Decree No. 654 of 2023: LTRA Regulatory Framework for Land Transport and Freight-Forwarding
The Ministry of Transport's Decree No. 654 of 2023 introduces new rules for land transport and freight forwarding.
Navigating Recent Regulatory Changes: Strategic Goods Trading in Egypt
The issuance of Cabinet Decree No. 5000 of 2023 and Ministry of Supply and Internal Trade Decree No. 200 of 2023 has introduced stringent measures to regulate the production, importation, manufacturing, packaging, and distribution of specific strategic products.
Unlocking Investment Opportunities: An Overview of Egypt's New Desert Lands Law
Law No. 11 of 2024 amends the long-standing Law No. 143 of 1981 concerning desert lands. This amendment significantly benefits foreign investors by simplifying the investment process and encouraging FDI through exemptions from certain ownership restrictions.
The New Minimum Wage for Private Sector Employees in Egypt: Key Updates and Implications
On 8 April 2024, the National Wage Council approved a significant increase in the minimum wage for private sector employees, nearly doubling the previous rate, in a bid to safeguard employee welfare amidst current economic shifts.
Egypt’s Pre-Merger Control Regime in Effect as of 1 June 2024: What You Need To Know
Navigating Egypt’s New Pre-Merger Control Regime: Key Insights for Businesses Effective 1 June 2024, Egypt’s pre-merger control ushers in significant changes outlined in Law No. 175 of 2022 and Prime Minister Decree No. 1120 of 2024, issued on 4 April 2024.
EgyptERA’s Governing Rules for Private to Private Electricity Schemes
The Egyptian Electric Utility and Consumer Protection Regulatory Agency (the "EgyptERA") has recently issued its governing rules for Private-to-Private Electricity Schemes, marking a pivotal step in the country's transition to a competitive electricity market.
Waste Management Executive Regulations’ Amendments:Prime Minister’s Decrees No.1113 & No.1114 2024
Explore the recent amendments introduced by Prime Minister's Decrees Nos. 1113 and 1114 of 2024 that are impacting the waste management framework in Egypt through our latest publication.
Egypt Enforces Strict Payment Regulations on Real Estate Sales to Foreigners
During the Cabinet’s meeting on May 15, 2024, His Excellency Minister of Justice Omar Marwan announced new regulations for real estate sales to foreigners.
New Decree on Allocation and Pricing of Industrial Lands
On May 21, 2024, the Prime Minister issued Decree No. 1670 of 2024, introducing new regulations for allocating and pricing industrial lands. This decree outlines payment plans for land ownership and usufruct, aiming to facilitate industrial expansion and attract investments.
The Addition of a New Chapter, “Registered Email Service”, to the Postal Law Executive Regulations
The Addition of a New Chapter, “Registered Email Service”, to the Postal Law Executive Regulations. This article outlines key provisions, newly introduced definitions, service components, trust attributes, and legal effects.
Establishing a Voluntary Carbon Market in Egypt: Legal Framework and Strategic Implications
On 13 August, 2024, Egypt officially launched its first regulated Voluntary Carbon Market, a significant step towards enhancing environmental and economic sustainability. This initiative follows Prime Ministerial Decree No. 4664 of 2022.
ADSERO Advises TSFE on its Partnership with Al Ahly CIRA to Develop International University Models
ADSERO Advises TSFE on its Partnership with Al Ahly CIRA to Develop International University Models
ADSERO Advises A15 and Founders on Selling a Controlling Stake in Link Development to Beyon Solution
ADSERO Acted as Lead Legal Counsel to A15, and the Founding Shareholders of Link Development, a Leading Global Technology Solutions Provider, on the Sale of a Controlling Stake to Beyon Solutions, part of the Beyon Group
ADSERO Acts as Egyptian Local Counsel to TE on a USD 200 MN Loan Extended by Banque Misr UAE
ADSERO - Ragy Soliman & Partners has Acted as the Egyptian Local Counsel to Telecom Egypt (TE), the Country's Full-Service Telecom Operator, on a USD 200 Million Loan Extended by Banque Misr UAE as Lender, Mandated Lead Arranger, and Facility Agent.
ADSERO Advises Matco NV on the acquisition of Synthomer PLC
ADSERO Advised Matco NV, a Belgian Adhesives Business, on the Acquisition of Synthomer PLC's Latex Compounds Operations.
ADSERO Advises Elsewedy Capital on the Sale of 51% of Easy Lease to Al Ahly Capital Holding
ADSERO Advised Elsewedy Capital Holding on the Sale of 51% of the Share Capital of Easy Lease to Al Ahly Capital Holding(ACH), the Investment Arm of the National Bank of Egypt (NBE).
ADSERO Advises Akh Gold Limited on its Second Round of Bid for Gold Exploration Licenses
ADSERO Advised Akh Gold Limited on its two exploration licenses awarded by the Egyptian Ministry of Petroleum and Mineral Resources and the Egyptian Mineral Resources Authority following the international bid round 1/2020 second round for Gold and Associated Minerals.
ADSERO Assists Naqla Raise USD 10.5 MN in Funding Round, Led by ESCH, HAP, & Sallam Family
Congratulations to our client Naqla on its funding round
ADSERO Assists Telecom Egypt Secure EUR 150 M in Funding From EIB
We acted as Egyptian Local Counsel to TE in securing a EUR 150 million medium-term loan from the EIB
The Amendment to the Investment Law: A New Strategy Towards Widening Investment Incentives
On 25 July 2023, Law No. 160 of 2023 was issued, introducing significant changes (the “Amendment”) to Law No. 72 of 2017, issuing the Investment Law (the “Investment Law”).
Major Amendments to Tax Legislations: A New Strategy Towards Restructuring The Income Tax System
On 15 June 2023, Law No. 30 of 2023 was issued, introducing significant amendments to two crucial tax legislations listed below, aimed at fostering a fairer tax system while simultaneously creating a favourable environment for investors.
The Establishment of the Egyptian Authority for Intellectual Property ("IP")
In the spirit of government-led reforms in Egyptian legislation, a significant legal development occurred on 6 August 2023, with the issuance of Law No. 163 of 2023 (the “Law”), establishing the Egyptian Authority for Intellectual Property (“EAIP”). EAIP shall report directly to the Prime
Egypt’s New Law Opens Importers’ Register to Foreign-Owned Companies
On 29 October 2023, Egypt issued Law No. 173 of 2023 (the “Law”), providing exemptions from certain provisions outlined in the Importers’ Register Law No. 121 of 1982.
Law No. 175 of 2023 Amending Income Tax Law No. 91 of 2005
On October 31, 2023, Law No. 175 of 2023, amending Income Tax Law No. 91 of 2005, entered into force. The amendment introduces new tax rates and brackets.
The Establishment of The Egyptian Agency for Export and Investment Guarantee
On November 10, Law No. 178 of 2023, establishing the Egyptian Agency for Export and Investment Guarantee, entered into force. The law, subsequently replacing Egypt's Export Credit Guarantee with the new Agency, represents a crucial step toward encouraging Egyptian exports and investment.
Employer’s Preparations for the New Fiscal Year
Effective 1 January 2024, the minimum wage for private sector employees has been increased to EGP 3,500 (from EGP 3,000) by the Ministry of Planning and Economic Development, as per Decree No. 90 of 2023.
New Regulations on Foreigners’ Residency Application Fees
In light of the governmental initiatives to enhance the country’s reserve for foreign currency, new regulations have been issued vis-à-vis foreigners residing in Egypt.
The New Draft Law Regarding Investment Incentives for Green Hydrogen Projects
The Draft Law aligns with the Egyptian Constitution regarding economic objectives, including achieving economic development, creating job opportunities, and reducing the unemployment rate.
Amendments to the Egyptian Child Law
Law No. 186 brought about a wave of amendments to Child Law No. 12 of 1996, increasing monetary fines and granting nursing and childcare rights to female employees who have custody or guardianship.
Egypt Approves the New Draft Law Regarding Investment Incentives for Green Hydrogen Projects
Discover the latest legal insights as Egypt paves the way for a sustainable future, offering incentives for Green Hydrogen Projects.
Decree No. 654 of 2023: LTRA Regulatory Framework for Land Transport and Freight-Forwarding
The Ministry of Transport's Decree No. 654 of 2023 introduces new rules for land transport and freight forwarding.
Navigating Recent Regulatory Changes: Strategic Goods Trading in Egypt
The issuance of Cabinet Decree No. 5000 of 2023 and Ministry of Supply and Internal Trade Decree No. 200 of 2023 has introduced stringent measures to regulate the production, importation, manufacturing, packaging, and distribution of specific strategic products.
Unlocking Investment Opportunities: An Overview of Egypt's New Desert Lands Law
Law No. 11 of 2024 amends the long-standing Law No. 143 of 1981 concerning desert lands. This amendment significantly benefits foreign investors by simplifying the investment process and encouraging FDI through exemptions from certain ownership restrictions.
The New Minimum Wage for Private Sector Employees in Egypt: Key Updates and Implications
On 8 April 2024, the National Wage Council approved a significant increase in the minimum wage for private sector employees, nearly doubling the previous rate, in a bid to safeguard employee welfare amidst current economic shifts.
Egypt’s Pre-Merger Control Regime in Effect as of 1 June 2024: What You Need To Know
Navigating Egypt’s New Pre-Merger Control Regime: Key Insights for Businesses Effective 1 June 2024, Egypt’s pre-merger control ushers in significant changes outlined in Law No. 175 of 2022 and Prime Minister Decree No. 1120 of 2024, issued on 4 April 2024.
EgyptERA’s Governing Rules for Private to Private Electricity Schemes
The Egyptian Electric Utility and Consumer Protection Regulatory Agency (the "EgyptERA") has recently issued its governing rules for Private-to-Private Electricity Schemes, marking a pivotal step in the country's transition to a competitive electricity market.
Waste Management Executive Regulations’ Amendments:Prime Minister’s Decrees No.1113 & No.1114 2024
Explore the recent amendments introduced by Prime Minister's Decrees Nos. 1113 and 1114 of 2024 that are impacting the waste management framework in Egypt through our latest publication.
Egypt Enforces Strict Payment Regulations on Real Estate Sales to Foreigners
During the Cabinet’s meeting on May 15, 2024, His Excellency Minister of Justice Omar Marwan announced new regulations for real estate sales to foreigners.
New Decree on Allocation and Pricing of Industrial Lands
On May 21, 2024, the Prime Minister issued Decree No. 1670 of 2024, introducing new regulations for allocating and pricing industrial lands. This decree outlines payment plans for land ownership and usufruct, aiming to facilitate industrial expansion and attract investments.
The Addition of a New Chapter, “Registered Email Service”, to the Postal Law Executive Regulations
The Addition of a New Chapter, “Registered Email Service”, to the Postal Law Executive Regulations. This article outlines key provisions, newly introduced definitions, service components, trust attributes, and legal effects.
Establishing a Voluntary Carbon Market in Egypt: Legal Framework and Strategic Implications
On 13 August, 2024, Egypt officially launched its first regulated Voluntary Carbon Market, a significant step towards enhancing environmental and economic sustainability. This initiative follows Prime Ministerial Decree No. 4664 of 2022.
ADSERO Advises TSFE on its Partnership with Al Ahly CIRA to Develop International University Models
ADSERO Advises TSFE on its Partnership with Al Ahly CIRA to Develop International University Models
ADSERO Advises A15 and Founders on Selling a Controlling Stake in Link Development to Beyon Solution
ADSERO Acted as Lead Legal Counsel to A15, and the Founding Shareholders of Link Development, a Leading Global Technology Solutions Provider, on the Sale of a Controlling Stake to Beyon Solutions, part of the Beyon Group
ADSERO Acts as Egyptian Local Counsel to TE on a USD 200 MN Loan Extended by Banque Misr UAE
ADSERO - Ragy Soliman & Partners has Acted as the Egyptian Local Counsel to Telecom Egypt (TE), the Country's Full-Service Telecom Operator, on a USD 200 Million Loan Extended by Banque Misr UAE as Lender, Mandated Lead Arranger, and Facility Agent.
ADSERO Advises Matco NV on the acquisition of Synthomer PLC
ADSERO Advised Matco NV, a Belgian Adhesives Business, on the Acquisition of Synthomer PLC's Latex Compounds Operations.
ADSERO Advises Elsewedy Capital on the Sale of 51% of Easy Lease to Al Ahly Capital Holding
ADSERO Advised Elsewedy Capital Holding on the Sale of 51% of the Share Capital of Easy Lease to Al Ahly Capital Holding(ACH), the Investment Arm of the National Bank of Egypt (NBE).
ADSERO Advises Akh Gold Limited on its Second Round of Bid for Gold Exploration Licenses
ADSERO Advised Akh Gold Limited on its two exploration licenses awarded by the Egyptian Ministry of Petroleum and Mineral Resources and the Egyptian Mineral Resources Authority following the international bid round 1/2020 second round for Gold and Associated Minerals.
ADSERO Assists Naqla Raise USD 10.5 MN in Funding Round, Led by ESCH, HAP, & Sallam Family
Congratulations to our client Naqla on its funding round
ADSERO Assists Telecom Egypt Secure EUR 150 M in Funding From EIB
We acted as Egyptian Local Counsel to TE in securing a EUR 150 million medium-term loan from the EIB