Yassien & Partners Wins on Appeal Grounds in $500.000 commercial agency case

Yassien & Partners Wins on Appeal Grounds in $500.000 Commercial Agency case as compensation for breach commercial Agency terms. Yassien & Partners has successfully defended the owner of the commercial agency and obtained a first of its kind judgment from the Cairo Economic Court ( Appeal Circle) in relation to the Provisions of foreign commercial agencies in Egypt.

Yassien & Partners Lawfirm is pleased to announce its successful representation of one its clients operating in the hospitality sector in the selling of its full stake

Yassien & Partners Lawfirm is pleased to announce its successful representation of one its clients operating in the hospitality sector in the selling of its full stake in its two companies (owning a hotel in Sharm El-Shiekh) to one of the leading Investors in the hotel and tourism services sector. Our firm has been involved in all aspects of the transaction, particularly the negotiation, drafting the MoU, conducting the Due Diligence Report, definitive agreements inter alia drafting the Share Purchase Agreement, the Escrow Agreements, and assisting on all other legal matters until the final successful of signing the relevant agreements and documents.

Yassien & Partners team of lawyers advising on this transaction was led by Counselor Dr. Ali Yassien (Managing Partner), Mr. Yasser Barakat (Head of Corporate Procedure Department), Mr. Ahmed Yaseen, LL.M (Counsel), in addition to the assistance of our colleague in Corporate and Finance Departments.

The exclusive and active contribution of counselor Dr. Ali yassien the founding partner of yassien & partners law firm at the conference of family businesses 2023

We are delighted to announce the exclusive and active contribution of Counselor Dr. Ali Yassien the founding partner of Yassien and Partners at the inaugural conference held by The Egyptian Center for Arbitration and Settlement of Non-Banking Financial Disputes (“ECAS”) under the excellent supervision of Dr. Marian Kaldas - the Executive Director of ECAS. The Confeence was under the theme "Family Businesses: Prospects for Growth and Sustainability", and it was held on Tuesday 31st October 2023 under the patronage of the Financial Regulatory Authority (“FRA”).

Dr. Mohamed Farid Saleh – the Chairman of the FRA, Mr. Ahmed El Shiekh – the Executive Director of the Egyptian Stock Exchange Authority (“EGX”), selected representative from the FRA and the Egyptian Stock Exchange Authority, and top tiers law-firms in Egypt, with the participation of major family businesses.

Dr. Counselor Ali Yassien was responsible for moderating the Second Panel named 'Structure and governance of Family Businesses,' featured insights from industry leader from Stock exchange, governance and company structuring specialists. They elaborated the importance of listing at EGX, and the benefits of applying appropriate governance rules on family businesses through statute, charter or constitution of the family in order to avoid conflicts and ensure the facility of transition to third and fourth generation to guarantee stability and development.

At the end of his speech, Dr. Ali Yassien elaborated the difference between conciliation and mediation as amicable dispute resolution mean conducted by independent Mediation and Arbitration Centers and that conducted by the Preparatory and Mediation committee at the Economic Court. Dr. Yassien further elaborated the special nature of this type of companies ‘Family’ and he introduced his wide experience in handling such cases as former judge at the court of appeal; beside his unique experience as being arbitrator or mediator and special legal adviser to some Family Businesses Since 2007.

Our Lawfirm was presented as a Gold Sponsor at the Conference, and we had the opportunity to have good conversations with different Family Businesses. Our Lawfirm’s Counsels Mr. Ehab Moftah (the former Legal Counsel of EGX, and the Head of Capital Market at Yassien & Partners), Mr.Yasser Barakat (Head of Corporate Department) & Mr. Ahmed Yaseen, LL.M (Head of Financial & Commercial Transactions Department) and other associates had actively participated in the Conference through having constructive conversations with Family Businesses’ representatives about Listing rules, Governance guidelines and transformation of companies from a legal form to another.