Gide Algiers is a key player in Algerian business life, with our teams involved in almost all the major investment and disinvestment operations in the country over the past ten years.
Active since 2003, Gide's team in Algiers includes practitioners of Algerian and foreign nationality who combine a perfect knowledge of law and business practices in Algeria with international expertise.
Our team, supervised by Samy Laghouati and Rym Loucif, mainly advises international investors on the legal and tax aspects of their activities, in all business sectors and in all fields of business law, in particular in terms of acquisitions, privatisations and joint ventures.
Easily the strongest firm in the market for financial and corporate work in Algeria, the Algiers office of French firm Gide Loyrette Nouel is active on most of the country’s high end transactions.
Advising General Cable Corporation, a US-based company, a leading manufacturer of wire and cable solutions, on the disposal of its 70% interest in ENICAB to a major private Algerian group.
Advising Veon (formerly VimpelCom) on the disposal by Global Telecom Holding (GTH), Veon’s listed Egyptian subsidiary, to the Algerian National Investment Fund (Fonds National d’Investissement), of its 51% stake in Omnium Telecom Algérie (“Djezzy”), the leading mobile operator in Algeria, for USD 2.6 billion. This transaction led to terminating the international arbitration initiated by GTH against the Algerian State on 12 April 2012. This deal is the first and most significant corporate transaction in Algeria in terms of amounts involved (several billion dollars) and complexity.
Advising Aabar Investments PJS, the sovereign wealth fund of Abu Dhabi, on its partnership with the Ministry of National Defence, and the Ministry of Industry and Mines, on setting up five joint companies dedicated to the production of various types of vehicles branded “Mercedes-Benz”, throughtout the country. The technological partner of this project is a German industrial consortium composed of Daimler, Ferrostaal, Rheinmetall, MTU and Deutz.
Advising Renault on setting up a strategic partnership with the SNVI and the Algerian National Investment Fund to establish a plant at Oued Tlelat. This is the first time an automotive manufacturer aims to set up a manufacturing plant in Algeria.
This firm is frequently highlighted by market sources for the strength of its practice in Algeria, and remains highly active on an impressive portfolio of corporate and commercial work.
Chambers Global 2016
Gide Loyrette Nouel provides ‘good, valuable service from a diligent team’. ‘Valuable business partner’ Samy Laghouati ‘has excellent knowledge of the market’ and Rym Loucif has ‘good technical and legal skills’. Together, they advised VimpelCom on the $4.4bn sale of a stake in telecoms company Djezzy to the Algerian National Investment Fund.
Legal 500 EMEA 2016