Kammoun & Kallel

Banking and finance: The Firm led the transaction advice of ICD (Islamic Corporation for Development of Private Sector) during the period from March until August 2015 in connection with financing of a non-conventional full-fledged bank operating without interest in accordance with Sharia principles (El Wifack). The Firm has been vested with the legal Due Diligence of El Wifack, drafting and assistance to the negotiation of the transaction documents. During the transaction, a specific focus has been paid to the Islamic finance legal issues raised and to the stock market and control exchange issues. Ahmed Kallel led also the transaction advice of IDB (Islamic Development Bank) during the period from February 2014 until January 2015 in connection with financing of a non-conventional full-fledged bank operating without interest in accordance with Sharia principles (Zitouna Bank). The Firm has been vested with drafting and assistance to the negotiation of the transaction documents.

Mergers and acquisitions: The Firm led the transaction advice of Al Majd Holding (Bouchamaoui Group) in connection with the sale of 100% of equity in Polyclinique Taoufik to Abraaj Group (Emirates Fund). Ahmed Kallel led the transaction advice of Jalila Mezni during the period from February until December 2015 for the sale of a participation of Lilas company to Abraaj Group (Emirates Fund). Mohamed Kammoun led the transaction advice of Italian U-Power Group on their acquisition of Jal Group, the largest manufacturer in the sector of safety footwear with its worldwide brands. Mohamed Kammoun led the transaction advice of Italian Marzotto Group in June and July 2015 on expansion of their textile business in their 20 years of establishment in Tunisia. Mohamed Kammoun led the transaction advice of Max Streicher on its joint venture with Bouchamaoui Group to combine their oil and gas plant construction businesses during 2014/2015 in connection with Gaz du Sud project in the south of Tunisia (Nawara site).

Arbitration, litigation: Successfully advised a London UK based Company (Midgulf Ltd) in a damages claim brought by Groupe Chimique Tunisien (a public owned company) before Tunisian courts, while the sale contract provided for a London arbitration. A particular attention was paid to the issues of anti-suit injunction, validity of the arbitration clause, competence-competence and separability. Enforcement action of London arbitration Award rendered against Groupe Chimique Tunisien in the amount of $50m was initiated led by Mohamed Kammoun. Representing an Algerian Group on their joint venture with a KSA fund manager in Algeria within the negotiation of amicable arrangement and ICC Paris arbitration. Drafting of several witness statements and expert reports produced before English courts. Acted as arbitrator in an arbitration venue in Tunisia involving the first international firm in cosmetics sector (L’Oréal). Assisted and represented several Tunisian and foreign investors in ad hoc arbitrations in construction and infrastructures. Judicial proceedings in relation to tax issues. Advising a major financial institution in proceedings and advisory issues arising from insolvencies.