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English news

13-Jan-2019

Seven law firms bidding for legal adviser role in Eurobond issuance

A combination of seven local and international law firms submitted bids to the Finance Ministry to act as legal advisers in Egypt’s upcoming Eurobond issuance, a senior government official told Enterprise. The government plans to select three or four domestic firms to act as legal counsels, in addition to one international firm, and expects to close the bidding window by next week, according to the source. The government had given the Finance Ministry the green light last week to move ahead with the tenders for the issuance’s lead managers and legal advisers. The selection process for all advisers should be complete within two months, as the Ministry is looking to take the issuance to market during the first half of March. The bidding law firms include Shalakany Law Office, Zulficar & Partners, Zaki Hashem & Partners, White & Case, and Baker McKenzie. 

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