Firm / Organisation

Bennani & Associés

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Managing Partners:
Morocco – Mehdi M. Bennani ([email protected])
Algeria – Mourad Seghir ([email protected])
Tunisia – Lamia Harghem ([email protected])
Ivory Coast – Assemian Kouakou ([email protected])
Number of partners: 5
Number of lawyers: 45
Languages: Arabic, English, French

Firm Overview:
Founded in 2004, Bennani & Associes is a leading independent pan-African firm with offices in Morocco, Algeria, Tunisia and Ivory Coast. If offers cutting-edge business law expertise to listed and unlisted companies as well as public entities. In each market where it operates, the firm has a particular expertise in representing foreign investors across a wide range of legal complex issues spanning from general corporate law, mergers and acquisitions, competition and regulatory advice, corporate restructuring, commercial litigation and arbitration as well as white collar criminal matters.

Major Transactions Include:
M&A/Restructuring/Competition & Regulatory:
 ■ Counsel of Vivo Energy Maroc in connection with its acquisition of 49% share capital in Sopetrole, a Moroccan petroleum company located in South Morocco
■ Counsel of Akzo Nobel in connection with its Moroccan antitrust filing in the context of the acquisition of the Mapaero Group
■ Counsel of Jacobs Engineering International in connection with Moroccan aspects of the sale of their Energy, Chemicals and Resources division business to WorleyParsons
■ Counsel of Bertelsmann in connection with the internal reorganisation of their Moroccan subsidiaries
■ Counsel of Novartis AG in connection with the contribution of its Moroccan subsidiaries to a swiss company
■ Counsel of Etisalat in connection with its acquisition of Vivendi’s shares in Maroc Telecom
■ Counsel of Eurapharma in connection with its acquisition of Sanofi’s 51% share capital in its moroccan subsidiary Maphar
■ Counsel of Dell in connection with the sale of a business unit to NTT Data
■ Counsel of GE in the implementation of GE’s Acquisition of the Power and Grid divisions from Alstom
■ Counsel of Novartis in the exchange of oncology, vaccines and consumer health interests between Novartis and GlaxoSmithKline
■ Counsel of Bel Group in the acquisition of 69.82% of Safilait’s share capital and voting rights
■ Counsel of Itochu in connection with its equity investment in Sdama which leaded to the creation of a joint-venture between Itochu and Optorg to distribute Isuzu’s vehicles in Morocco
■ Counsel of IMS Health in the acquisition of Cegedim’s CRM Business
■ Counsel of Agrial in connection with the acquisition of the Dutch Group Van Oers United
■ Counsel of Ciments du Maroc SA (Italcementi Group) in connection with the sale of its subsidiary Axim Maroc to Sika Maroc SA
■ Counsel of Visteon group in the framework of the sale of its automotive interiors business to Dutch firm Reydel Automotive Holdings BV
■ Counsel of Hyundai in relation to the investment in a major assembly of vehicles project with two local distributors
■ Counsel of KIA in relation to investment in a major assembly of vehicles project with a local distributor
■ Counsel of United Alsaqer Group (a UAE exclusive distributor of BMW brands in the MENA region) in relation to the transfer of 30 % of an existing distribution company
■ Counsel of Alstom and Siemens (combination of the mobility business) in relation to concentration authorisation before the Algerian Competition Council
■ Counsel to LG in relation to its corporate and commercial matters in Algeria
■ Counsel of MMC Treasury Holdings Limited in relation to its acquisition of Jardine Lloyd Thompson Group
■ Counsel of Daimler in relation to its global restructuring of Daimler AG and its impact on the Algerian projects
■ Counsel of a major UK pharmaceutical company in relation to the transfer of its asset in Algeria
■ Counsel of Unicredit in relation to its global restructuring and its impact on Algerian banking commitments
■ Counsel of Sovac (major local distributor) for the incorporation of a JV with Volkswagen aimed to assembly Volkswagen vehicles
■ Counsel of Total in relation to its acquisition of Maersk Oil asset in Algeria representing 800 million USD value
■ Counsel of Leonardo – Finmeccanica S.p.a. in its incorporation of a JV for the assembly of helicopters industry
■ Counsel of Black & Veatch on the sale of its shares within the desalinization plant Kahrama (representing more than 100 million USD)
■ Counsel of US fund KKR in its global acquisition of Airbus electronic defense assets for the Algerian market (representing 1.1 billion USD)
■ Counsel of Fromagerie Bel in relation to its corporate and distribution matters in Algeria
■ Counsel of KIABI in relation to the structuring of its distribution activities in Algeria;
■ Counsel of Danske Bank A/S and Nordea Bank AB (publ) acting as Joint Bookrunners and lenders with regard to Transcom’s issue of senior secured notes at an initial amount of EUR 180 million
■ Counsel of Kaiku, a Spanish subsidiary of the Swiss dairy producer Emmi, on the increase of its stake in Tunisian dairy company ‘Vitalait’
■ Counsel of Fnac Darty Participations et Services in connection with the conclusion of two franchising agreements with a Tunisian company and the implementation of FNAC and DARTY stores in Tunisia
■ Counsel of Vivo Energy Group, a leading retailer and marketer of Shell-branded fuels and lubricants in Africa, as part of the stock market listing of Vivo Energy (Largest UK-listed African IPO since 2005 and largest IPO on London Stock Exchange to date)
■ Counsel of Cassa Depositi e Prestiti S.p.A. (CDP) in connection with a facility agreement concluded with the Tunisian State represented by the Central Bank of Tunisia for the financing of a cooperation program agreed on the basis of a memorandum of understanding executed between Italy and Tunisia
■ Counsel of Enel Green Power in connection with the participation to a tender process, relating to five solar PV projects to be developed on an BOO scheme in Tunisia
■ Counsel of FRV on various regulatory and bankability matters in connection with the participation to a tender process launched by the Ministry of industry, relating to the construction of a solar plant in Tunisia
■ Counsel of Vestas in connection with its participation to a wind project in Tunisia; and
■ Counsel of Orascom Construction in connection with its participation to a tender process relating to the construction of a seawater desalination plant

Litigation:
■ Counsel of a major UK catering company in relation to tax fraud litigation and waiver of a tax complaint related to a tax reassessment amounting at EUR 28 million
■ Counsel of a major US oil company in relation to a customs claims amounting at EUR 80 million related to customs reassessments of customs duties and applicable clearance authorizations as well as breach of exchange control regulation in relation to invoicing of foreign currency invoices without domiciliation between two foreign companies
■ Counsel of a major pharma company in relation to embezzlement of corporate funds amounting at EUR 4.5 million
■ Counsel of a major oil service provider in relation to overpricing issues, capital flight, violation of exchange control regulation (case known as ‘Sonatrach II’)
■ Counsel of a major Algerian automotive assembler in relation to abusive of influence case and capital flight as well as violation of exchange control regulation (related to use of Algerian funds for the purchase of properties abroad
■ Counsel of a major local distributor of German vehicle brand in relation to freeze of bank accounts and corruption cases as well as investigation related to breach of exchange control regulation
■ Counsel of a major Italian petroleum company in relation to social security contribution litigation amounting at EUR 35 million
■ Counsel of a major Italian petroleum company in relation to ICC arbitration against SONATRACH in relation to the construction of a gas treatment facility amounting at EUR 1 billion
■ Counsel of Sberbank in relation to the enforcement of counter-guarantees in Algeria amounting at EUR 10 million
■ Counsel of Spanish lenders in relation to a dispute related to the execution of a syndicated facility agreement amounting at EUR 56 million
■ Counsel of ARMON in relation to a dispute related to the delivery of defective boats to the Algerian State