Cairo, Egypt, 12 December, 2023 – Shehata & Partners had a successful resolution for its client (Swiss Fund) in a Euros 2.5 million loan dispute with an Egyptian company.
The Swiss Fund has disbursed a loan to an Egyptian Company secured by promissory notes and cheques. When the debt collection efforts proved unsuccessful, the Swiss Company retained Shehata & Partners to enforce its rights under the loan agreement.
The case presented a unique challenge due to its international nature. While the underlying dispute arose in Egypt, the loan agreement stipulated Swiss law as the governing law. Therefore, the dispute navigated both Egyptian and Swiss legal frameworks.
Shehata & Partners has achieved significant early success, securing first-instance wins in all related cases with a total value exceeding EUR 2.5 million.
Recognizing the potential for extended litigation and the benefits of a swift resolution, Shehata & Partners strategically negotiated a favorable settlement with the Egyptian Company. In this regard, Mohamed Osama, Partner at Shehata & Partners, has stated
“We are pleased to have secured a positive outcome for the Swiss Fund. This case demonstrates our expertise in handling complex international disputes and our commitment to achieving the best possible results for our clients.”
Please contact Mohamed Osama (os@shehatalaw.com) for any inquiries regarding this press release.
