We are delighted to announce that Badawy Law Office acted as the Egyptian legal counsel for “HOMAN for Civil and Marine Contracting” on the conclusion and implementation of its FIDIC construction contract with Emaar Egypt for the marine construction of Marassi Marina and Yacht Club in North Coast (the Project).
We are delighted to announce that Badawy Law Office acted as the Egyptian legal counsel on the tripartite agreement concluded among CSCEC (CHINA STATE CONSTRUCTION ENGINEERING CORPORATION LTD), Sinovac (SINOVAC LIFE SCIENCES CO. LTD), and VACSERA (THE HOLDING COMPANY FOR BIOLOGICAL PRODUCTS &VACCINES), for the construction of the fully-automated cold storage facility.
Despite the GAFI’s objection; the office succeeded in passing resolution with dismissing managing shareholder without neither numerical majority nor approval of three quarters of the capital. One of Badawy Law Office’s achievements in the corporate area, which represents a legal precedent as per the statement of the General Authority For Investment (GAFI), is represented on obtaining, in favor of one of its clients affiliated to a global group of companies,
Mr. Ossama Badawy, the Managing Partner, stated that the court’s ruling obliged BLOM Bank to compel such amount as a result of the bank’s failure to report, during the legal deadline, following the seizure that was imposed by the office in favor of its mentioned client on one of the bank client’s money under the possession of the bank implementing to the arbitral award issued from The Arbitration Centre of Stockholm Chamber of Commerce.