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Shalakany Successfully Settles a FinTech Investment Dispute

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Shalakany is pleased to announce that it successfully negotiated and closed off a settlement deal, on behalf of its Kazakhstani foreign investor client, with the opposing party in relation to the client’s investment in the Egyptian FinTech sector.

Shalakany was assigned the task of spearheading and leading the amicable negotiations with the opposing party, which began at the end of March 2022. By June 2022, Shalakany had secured a commercially acceptable settlement deal for its client which was finalized and executed by both parties.

The Shalakany team handling this matter is comprised of Muhammad Ussama (Partner), Mahmoud El Omdah (Senior Associate) and Mohamed El Zohery (Associate).

Muhammad Ussama (Partner) said: “An amicable settlement is always a win-win for all concerned parties. We are happy to have advised our client and assisted him in realizing a swift, amicable and commercially favorable resolution to this potential dispute which would have lingered before the competent adjudication forum for years.”