Helmy, Hamza & Partners - Baker McKenzie

Together with the The Egyptian Center for Arbitration and Settlement of Non-Banking Financial Disputes (ECAS), we are co-hosting the launch of the Equal Representation in Arbitration (ERA) Pledge in Egypt on 28 October 2024. The launch of ERA Pledge in Egypt is driven by the ERA Pledge Middle East Subcommittee led by our very own Sally Kotb FCIArb, partner in the Dispute Resolution and International Arbitration team. Launched in 2015, the ERA Pledge is a voluntary commitment dedicated to organizations and individuals to raise the representation and consider the appointment of women arbitrators on an equal opportunity basis, ultimately promoting diversity and inclusion in international arbitration. Baker McKenzie is proud to be co-leading on this milestone event which aims to bring together the arbitration community in Egypt to discuss best practices for gender equality in arbitration as well as to celebrate the success stories of leading female Egyptian arbitrators and counsels. *Kindly note that attendance to this event is by invitation only. #EqualRepresentation #Arbitration #Diversity #WomenInArbitration

Last week was a week of key engagements for our Baker McKenzie team across multiple jurisdictions. Our Counsel, Mostafa Lotayef participated as a guest speaker at CityScape Egypt, where he addressed critical issues in the real estate sector, including the dynamics of Egypt’s property market, optimal financing structures, concerns about a potential real estate bubble, and essential documentation considerations when acquiring property. Simultaneously, we saw a significant turnout to our recent Competition Roadshow, which made stops in Jeddah, Riyadh, and Dubai. Our Associate, Mohamed El-Baroudy joined Baker McKenzie specialists in providing valuable updates on antitrust and competition law, highlighting key developments, enforcement trends, and best practices from Egypt. These events underscore our commitment to engaging with clients and colleagues across these rapidly evolving markets. #BakerMcKenzie #LegalUpdates #Cairo #Jeddah #Riyadh #Dubai

Helmy, Hamza & Partners, Baker McKenzie Cairo office, advised Banque Misr and a consortium of seven participating banks as lenders in connection with a real estate financing to Palm Hills Developments, one of Cairo-based largest real estate developers led by Egyptian billionaire Yasseen Mansour. The consortium includes National Bank of Egypt (NBE), Banque du Caire, Emirates NBD, Abu Dhabi Commercial Bank, Ahli United Bank, Al Baraka Bank Egypt and Industrial Development Bank. The banks signed a loan agreement valued at EGP 10.3 billion ($212.3 million) on 2 October, 2024 marking the largest real estate finance deal in the Egyptian market, specifically for the development of ‘Badya’ project, one of Egypt’s largest real estate projects and one of the country’s impressive smart cities. The financing is structured as a long-term syndicated loan, which will be used to finance part of the investment costs for this ambitious project. The Cairo team was led by Banking and Finance Counsel Mostafa Lotayef and supported by Senior Associate Milad Fayez and Associates Hania Meshref and Omar Mahmoud. Mostafa Lotayef, commented: "We are proud to support Banque Misr and the consortium in this landmark financing. The ‘Badya’ project represents the largest real estate finance deal in the Egyptian market so far and marks a significant step forward in Egypt’s real estate sector, and we are excited to be part of its development." Read more here: https://lnkd.in/gNmzfQBG

Join our Baker McKenzie specialists for an update on the key Antitrust and Competition developments and the latest enforcement trends in Saudi Arabia, Egypt, the UAE, and other key emerging markets in the GCC. During this seminar, we will help in-house counsel and competition leaders track what to keep in mind when it comes to antitrust best practices and enforcement in the region. We will also provide practical takeaways to help navigate the new landscape.   These in-person seminars will take place in Jeddah (Oct. 1st), Riyadh (Oct. 2nd), and Dubai (Oct. 3rd). For more information and to register click here: https://lnkd.in/dErgGhWd David Monnier | Mohamed ElFar | Hani Naja | Laya Aoun-Hani| Mohamed El-Baroudy | Marwan Othman #Competition #CompetitionCompliance #CompetitionEnforcement #Compliance #SaudiArabia #UnitedArabEmirates #Egypt  

📢 That’s a wrap on the Enterprise Finance Forum! From our office, yesterday's conference was attended by a team of partners, counsels and associates. The event brought together thought leaders and industry professionals under one roof, and it was a pleasure meeting and connecting with everyone. We were especially pleased to see Partner and Co-Head of Banking and Projects, Lamyaa Gadelhak, take the stage to sit on “The Energy Economy” Panel. Lamyaa sat down with fellow seasoned veterans, including CEO of Hassan Allam Utilities Dalia Wahba, CEO of TAQA Arabia Pakinam Kafafi, and Co-Founder and CEO of Infinity Nayer Fouad. During their discussion, the panelists unveiled a well-rounded outlook on the Energy landscape in Egypt. Lamyaa highlighted the importance of the Energy sector to the Egyptian economy, while also discussing the challenges faced by manufacturers looking to set up facilities and assembly lines in Egypt, particularly the nation’s existing framework for technology transfer. The Enterprise Company #EnterpriseFinanceForum2024 #Energy #Panel #Egypt #BakerMcKenzie

As of Monday 30 September 2024, all settings of the US Dollar (USD) London Interbank Offered Rate (LIBOR) will cease to be published. This marks the final step in the global transition away from LIBOR. The cessation follows an extended transition period, during which financial institutions, corporates, and regulators have moved away from USD LIBOR to alternative rates such as the Secured Overnight Financing Rate (SOFR). Read our brief update here: https://lnkd.in/db8AwTg9 Victoria Long #ClientAlert #Banking #Finance #LIBOR #BakerMcKenzie

📢 We’re excited to share that Partner and Co-Head of Banking and Projects, Lamyaa Gadelhak, will be speaking at the Enterprise Finance Forum!  Join us this Tuesday as Lamyaa sits down with prominent industry experts to share key insights on what the future holds for the Energy sector in Egypt. Tap the link to find out more about the event: https://lnkd.in/depxB5Bp The Enterprise Company #EnterpriseFinanceForum2024 #Energy #BakerMcKenzie #Egypt

We’re thrilled to be sponsoring The Enterprise Company 's flagship Finance Forum this year! 🚀✨ We look forward to engaging with prominent thought leaders and industry experts next Tuesday to discuss the latest trends shaping the future of the finance sector. With several compelling panels lined up, the forum promises valuable insights into the evolving finance landscape, and we are excited to be taking part in these important conversations. Tap the link to find out more about the conference: https://lnkd.in/depxB5Bp #BakerMcKenzie #GoldPartners #EnterpriseFinanceForum

In line with our ongoing coverage of Libya's latest regulations, this year, the Libyan Parliament issued Executive Regulation No. 6 of 2024 ("ER") of the Competition Chapter stipulated in Commercial Law No. 23 of 2010 ("Law"). The ER enhances the competition institutional framework in Libya and grants the Libyan Competition Council ("Council") the power to extend its mandate of investigation and enforcement. The ER came into force on 14 April 2024. Read our detailed update here: https://lnkd.in/dQtm-JyZ Mohamed ElFar Mohamed El-Baroudy #ClientAlert #Competition #Egypt #Libya #BakerMcKenzie

Helmy, Hamza & Partners, Baker McKenzie Cairo office, has advised AMEA Power, one of the region's fastest-growing renewable energy companies, on two pioneering renewable energy projects in Egypt. The first transaction involved advising AMEA Power on the development of a 1000 MWh solar power plant, along with a 600 MWh Battery Energy Storage System (BESS). Following the successful completion of AMEA Power's first solar project in Egypt, the company has now embarked on this new solar venture. Notably, this project marks the introduction of batteries into the country's solar energy landscape and it is also the first Build-Own-Operate (BOO) solar development in Egypt to be constructed in phases. Further, the second transaction included advising AMEA Power on the integration of a 300 MWH BESS into the existing 500 MW PV project of Abydos Solar Power. This project integrates Battery Energy Storage Systems (BESS) to optimize renewable energy use, ensuring a stable power supply. This helps balance the grid, cut down on fossil fuel dependence, and manage power fluctuations. Mohamed Elharmy, Partner at Helmy, Hamza & Partners, who led the Baker McKenzie Cairo team on the transaction, said: "The successful completion of these pioneering projects signifies a monumental step in Egypt’s journey towards a sustainable and resilient energy future. Our collaboration with AMEA Power highlights our unwavering commitment to advancing innovative renewable energy solutions that not only enhance our energy transition capabilities but also strengthen our longstanding partnership with AMEA Power. These projects are a testament to our dedication to shaping a greener future for Egypt and the region." The Baker McKenzie Cairo team was led by Partner Mohamed Elharmy, with support from Counsel Ghada El Gharib, Senior Associate Ahmed Shehata, and Associate Omar Mahmoud. The Corporate team which further supported the second transaction, was led by Ghada El Ehwany, with the assistance of Associate Marah Korraa. Read more here: https://lnkd.in/dfzWtVAF