EGYPT
Lebanon Israel
Jordan
Cairo
Saudi Arabia
Egypt
Libya
Law and Practice Contributed by: Nadia Abdallah, Zahra Ashraf, Beshoy Mounir and Yasmine Attia Matouk Bassiouny & Hennawy
Contents 1. Market Trends p.109 1.1 Energy and Infrastructure M&A Market p.109 1.2 Energy and Infrastructure Trends p.109 1.3 Access to the Energy and Infrastructure M&A Market p.109 1.4 Energy and Infrastructure Projects p.109 2. Establishing and Exiting Early-Stage Companies in the Energy and Infrastructure Industry p.110 2.1 Establishing and Financing a New Company p.110 2.2 Liquidity Events p.110 3. Spin-Offs p.111 3.1 Trends: Spin-Offs p.111 3.2 Tax Consequences p.111 3.3 Spin-Off Followed by a Business Combination p.112 3.4 Timing and Tax Authority Ruling p.113 4. Acquisitions of Public (Exchange-Listed) Energy and Infrastructure Companies p.113 4.1 Stakebuilding p.113 4.2 Mandatory Offer p.113 4.3 Transaction Structures p.114 4.4 Consideration and Minimum Price p.114 4.5 Common Conditions for a Takeover Offer/Tender Offer p.115 4.6 Deal Documentation p.115 4.7 Minimum Acceptance Conditions p.115 4.8 Squeeze-Out Mechanisms p.115 4.9 Requirement to Have Certain Funds/Financing to Launch a Takeover Offer p.115 4.10 Types of Deal Protection Measures p.115 4.11 Additional Governance Rights p.116 4.12 Irrevocable Commitments p.116 4.13 Securities Regulator’s or Stock Exchange Process p.116
4.14 Timing of the Takeover Offer p.116 4.15 Privately Held Companies p.116 5. Overview of Regulatory Requirements p.117 5.1 Regulations Applicable to Energy and Infrastructure Companies p.117
5.2 Primary Securities Market Regulators p.117 5.3 Restrictions on Foreign Investments p.117 5.4 National Security Review/Export Control p.117 5.5 Antitrust Regulations p.118 5.6 Labour Law Regulations p.120 5.7 Currency Control/Central Bank Approval p.121
106 CHAMBERS.COM
Powered by FlippingBook