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Egypt’s Central Bank Hikes Key Interest Rates by 2% and Currency Slides to Record Low
In an exceptional unscheduled meeting convened on October 27th, 2022, the Central Bank of Egypt (“CBE”) lifted the deposit and lending rate by 200 bps to reach 13.25% for the overnight deposit rate and 14.25% for the overnight lending rate. In a statement released on Thursday morning, the CBE stated that the decision is primarily […]
read moreThe New Amendments encouraging Public-Private Partnerships
Following amendments that were introduced to the Public-Private Partnerships Law (the “PPP Law”) in December 2021, the Prime Minister issued Decree No. 3217 on 13 September 2022 (the “Amendment”) amending the Executive Regulations of the PPP Law issued by virtue of the Prime Minister Decree No. 238 of 2011 (the “ER”). The Amendment provides more […]
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Shalakany is committed to delivering top quality legal services to our clients. As a full-service corporate law firm, we provide bespoke specialized legal services across a variety of different practice areas and sectors.
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Unicaf – Shalakany Memorandum of Understanding
Further to our recent Virtual Open Day, Unicaf has signed a Memorandum of Understanding with Shalakany, one of the leading Corporate Law firms in Egypt and the Middle East. This agreement provides a mutually beneficial collaboration focused on providing generous scholarship opportunities to all its members and employees. The terms of this agreement offer a […]
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Shalakany Successfully Defends a Leading Hotel Operator in a Dispute before Egyptian Courts
Shalakany is pleased to announce that it successfully defended its client, a leading hotel operator, in a court case brought against our client before an Egyptian court. The dispute stems from a hotel management agreement and involved allegations of contractual breach with claims for substantial compensation. The case was filed at court in October 2022. […]
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