Rest of the World
|Allen & Overy is set to become the first Magic Circle firm with an African presence when it opens an office in Casablanca later this year.
The firm aims to target Morocco’s growing status as a magnet for foreign direct investment and sees huge potential in the energy, infrastructure and mining sectors. A&O has hired two local partners, Hicham Naciri and Yassir Ghorbal, in Casablanca from Naciri & Associés, an affiliate office of French firm Gide Loyrette Nouel.
The new office will officially open in September with the arrival of Ghorbal, a corporate partner. It will be joined later in the year by Naciri, who will lead the operation, with up to 25 lawyers anticipated to join by 2012, the firm said in a statement.
Allen & Overy global managing partner Wim Dejonghe said: “Morocco is rapidly establishing itself as a key hub for international companies and investors looking to build a presence in Africa. It also has strong trade links with other markets in our network, particularly France, the Middle East and Spain, with growing interest from China, India and Japan.”
Tim Scales, partner in the Paris office and head of the firm’s Africa desk, added: “Morocco is one of the leading destinations for foreign direct investment in Africa and was one of the few to see an increase in 2010. We see huge opportunities in the region, particularly in the energy, infrastructure and mining sectors.”
A&O is one of several large international law firms, mostly from Europe, that have either opened offices in Morocco or announced an intention to do so.
Related Articles by Firm
Foreign Banks Allowed to Operate in Myanmar
After more than 50 years of banning, the Central Bank of Myanmar has issued the first final licenses allowing four foreign banks to operate in Myanmar.
Tanzanian Draft National Energy Policy of 2015
Highlights on the ongoing and upcoming industry developments with focus on the transition of the energy sector since the introduction of the Big Results Now! campaign
Mineral Rights Available in Tanzania
Overview of the mineral rights available in Tanzania, with specific focus on the various categories of mineral rights
The Legal Framework of the Aviation Sector in Tanzania
As attention turns to Tanzania’s trade and energy opportunities, the spotlight has fallen upon the nation’s infrastructure. This update focuses on the capabilities and issues of the Tanzanian aviation sector.
Oil price volatility - Offshore oil storage
Are there any legal concerns with tankers being used for floating storage?
Oil price volatility - risks and opportunities in 2015
While many companies can weather the oil price slide and volatility, some industry players face a real risk of insolvency.
India: Union Budget 2015
A bullet-point overview of changes in Direct Tax, Indirect Tax and Goods and Service Tax in India in light of Finance Minister Arun Jaitley’s first full-year Budget…
Prohibition against transfer of personal data outside Hong Kong
Section 33 of the Personal Data (Privacy) Ordinance (PDPO) prohibits the transfer of personal data to places outside Hong Kong, except in circumstances specified in the PDPO.
Security of payment under FIDIC contracts: more secure, for now
The High Court of Singapore recently handed down an important judgment in relation to the enforceability of Dispute Adjudication Board (DAB) decisions under the FIDIC forms of contract.
Insurance Laws (Amendment) Bill passed as Ordinance in India
The long-awaited Insurance Laws (Amendment) Bill has become a provisional law in India. The Bill amends the Insurance Act (1938), the General Insurance Business (Naturalisation) Act (1972), and the Insurance Regulatory and Development Act (1999).
SICC: now open for business
On Monday 5 January 2015, the Singapore International Commercial Court ("SICC") was officially opened...
Myanmar insurance update
Clyde & Co partner Michael Horn recently visited Myanmar's commercial capital Yangon and reports on the current state of the insurance market...
Launch of the online mining cadastre transactional portal
Plus, a summary of the key mineral rights available in Tanzania; and, a look at the manner in which mineral rights can be transferred.
Restrictions imposed on holders of mineral rights
This briefing looks at some of the restrictions imposed on holders of mineral rights in Tanzania by the Mining Act 2010
Draft local content policy for the oil & gas industry in Tanzania
The first draft of the long-awaited local content policy for the oil & gas industry in Tanzania has now been published by the Ministry of Energy and Minerals ...
Tanzania: Revocation of mining licences
The Tanzanian government recently announced the cancellation of a total of 174 mining licences. This mining update examines the key continuing obligations imposed by the Mining Act upon mining licence holders.
Mining Development Agreements
In this month’s mining brieﬁng we look at Mining Development Agreements (MDAs) and the role that they play in the mining sector in Tanzania.
The Tanzanian railway system: current legal framework
The railway system of mainland Tanzania has a total track length of 3,676 kilometers (km) with two separate networks, run by two separate organisations ...
In-House Community Counsels of the Year Awards 2019: Winners
MTR Corp, ADGM, Clifford Chance, Baker McKenzie and Lawcadia among the winners at our fourth annual awards dinner ...
In-House Community's inaugural UK event
The event will see specialists from Asia bringing expertise on the world of opportunity outside of The City.
Lubis Ganie joins KPMG alliance
The Indonesian law firm has joined KMPG’s global legal network.
Related Articles by Jurisdiction
Being ‘Verbal’ with cyber crime and data protection
Looking at jurisdictions with both longstanding and emerging cyber crime and data privacy laws, we see why arriving late to the party can sometimes be an advantage.
Tomorrow’s Lawyers – The shifting role of in-house lawyers
The legal profession that Professor Richard Susskind OBE has been observing since 1981 is ‘on the brink of fundamental change’. He predicts that the practice of commercial law in particular, will be almost unrecognisable in 15 years from what it ...
Law firms advise on Brexit
Thanks to the recent referendum, competition law, construction law, contracts and trading relationships, data protection/transparency, dispute resolution, employment law, environmental law, ...
Private businesses: Besieged and under pressure
Domestic private businesses are under pressure from state invested and foreign enterprises, plus other updates.
Keeping your mobile number for a lifetime
A new law facilitates the easy movement of subscribers from one service provider to another.
Payments regulatory landscape in APAC: Six things to be aware of
Important considerations for payment service providers operating in Asia Pacific.