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What we’re tracking on 29 September 2020
Happy hump day, friends. Two more to go until we hit the weekend. In the hurly burly of business (to…
Egyptian courts now recognize that there is no such thing as an “original” email
KUDOS- Egyptian courts now recognize that there is no such thing as an “original” email, Girgis Abd El-Shahid, managing partner…
Maersk blasts new customs act, arguing it violates international shipping agreements
Does the new Customs Act contravene int’l trade + shipping agreements? Maersk seems to think so. The shipping line’s Egypt…
US-based oilfield service provider NESR acquires Egypt’s SAPESCO for USD 21 mn
M&A WATCH- Texas-based National Energy Services enters Egyptian market with USD 21 mn purchase of Egypt’s SAPESCO: US-based MENA and…
Girgis Abdel Shahid recognized in Who’s Who Legal’s 2021 Arbitration Future Leaders
KUDOS- Who’s Who Legal has recognized our friend Girgis Abdel Shahid — managing partner of Shahid Law Firm — in…
IMEX acquisition of Nile Cotton on track to wrap up next week?
M&A WATCH- IMEX acquisition of Nile Cotton on track to wrap up next week? An ongoing mandatory tender offer from…
Mubarak-era information minister Safwat El-Sherif to serve three-year prison sentence for illicit gains
BRIEFLY NOTED- The Court of Cassation upheld a three-year prison sentence and EGP 99 mn in fines imposed on Mubarak-era…
Porto, Amer Group determine their shares of USD 51.68 mn compensation payment from Syria’s Antaradous
Syrian tourism company Antaradous will pay out USD 36.6 mn in compensation to Porto Group and USD 15.1 mn to…
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