Banking & Finance

As a market leader and drawing on the unparalleled expertise of its members, the Banking Group brings to the legal market a blend of exceptional individual skills with a deep understanding of financial tools and their practices in the Egyptian and international markets, as well as more than 40 years of legal experience. The Firm’s Banking Group is headed by Mona Zulficar, Founding Partner and Chair of Executive Committee of the Firm, and provides a comprehensive range of legal services for a wide variety of renowned international and domestic banks, financial institutions, corporate and governmental Clients as well as other entities.

The Firm’s Banking & Finance Group possesses excellent exposure and has extensive expertise in all matters related to banking & project finance transactions including without limitation drafting sophisticated syndications, club and multilateral loan agreements, credit facility agreements, debt rescheduling agreements, and related security documents in both Arabic and English Languages. Advising leading international banks in relation to Repurchase Transactions under Global Master Repurchase Agreement entered into with Egyptian Banks; Total Return Swaps Transactions under the ISDA Agreement and various derivatives transactions from an Egyptian law perspective; repayment & release of securities;  novation under GMRA concluded between Syndicate of Banks and Central Bank of Egypt; changes in LIBOR worldwide from an Egyptian law perspective; and advice on the enforceability of Repo-TRS Transactions under GMRA and ISDA Agreements with Egyptian Banks.

Zulficar & Partners’ Banking & Finance Group also advises on matters pertaining to Egyptian banking law, Central Bank of Egypt regulations, Investment law, and cross-border banking activities. We draft and update banks’ standard forms and Islamic finance agreements in accordance with Egyptian banking law, the Central Bank of Egypt’s regulations, and the internal regulations of each bank. We draft and negotiate restructuring, settlement, and rescheduling of debts and resolve disputes related to default payments of debtors either amicably or ultimately through legal action on behalf of our clients. We advise, establish and license financial institutions and non-banking financial activities namely financial leasing, factoring, consumer finance, microfinance, and mortgage finance companies, and draft all the relevant agreements and documentation.

Zulficar & Partners Banking & Finance group developed an expansive experience in the capital/ debt capital market, we act as the legal advisor of numerous successful transactions like the issuance of public and private bonds, green bonds, securitization bonds, Sukuk issuance (Ijara/ Sustainable Musharaka), transfer of business, private and public offerings, IPOs and companies restructuring. In 2023, the Firm’s Banking and Finance group received Department BAND1 by Chambers and Partners Global Guide 2023, where clients called the group “Very responsive, quality service from the senior professionals.” and that “There is lots of partner-level attention, which is appreciated.” The Group was also awarded TIER 1 by Legal 500 EMEA 2023 Rankings.