We are pleased to announce that Matouk Bassiouny & Hennawy’s (“MBH”)litigation team has achieved a remarkable milestone for a leading Middle Eastern media and broadcasting company in connection with obtaining a unique judgment from the Cairo Economic Court against a well-known Egyptian media company. The court decided that the opponent company was bankrupt and appointed one of the judges of the Court Circuit as the bankruptcy trustee.
The dispute arose after our client obtained a ruling from the Abu Dhabi Court of Appeal against a prominent Egyptian media company, ordering it to pay approximately USD 1.6 million, excluding legal interest. Due to the company’s financial turmoil and failure to pay, we initiated this case before the Economic Court in Egypt after the UAE judgment was ratified for enforcement in Egypt.
The MBH team that handled this case consisted of F. John Matouk (Founding Partner and Group Head of Dispute Resolution), Dr. Mohamed Shehata (Partner and Head of Litigation), Mohamed Omar (Partner), Amr Shalaby (Legal Director) and Mohamed Refaat (Associate).
Dr. Shehata commented on this achievement: “We are proud of this exceptional success in a unique judgment that reflects our steadfast commitment to serve our clients with the highest standards of professionalism. We also emphasize our continued efforts to achieve more successes in such complex disputes, which reinforce our firm’s position in both the Egyptian and Middle Eastern markets”
Mohamed Omar also commented: “We are proud to achieve justice for our clients today with this positive ruling, which reflects the hard work and thorough preparation of all team members. This victory is not just a personal success but the result of diligent work and commitment to defending our clients’ rights”
For more about Matouk Bassiouny, check out our website at https://matoukbassiouny.com/.