Partner
  Cairo, Egypt
+202 2269 0881
Areas of Practice
Capital Market and M&A
Oil & Gas
Banking & Finance
Derivatives
Dispute Settelment & Arbitration
Publications & Speaking Engagements

''Document Retention: An International Review'': Co-authored the Egypt chapter of the 2nd edition of Herbert Smith Freehils's popular guide 'Document Retention: An International Review', which provides guidance on key document retention obligations and data management issues in 28 jurisdictions worldwide. (Herbert Smith Freehils, 2013).

''Developing Local Capital Markets in the Southern and Eastern Mediterranean Region'': Co-authored the section on Egypt in the article ''Developing Local Capital Markets in the Southern and Eastern Mediterranean Region'' (EBRD Journal Law in Transition, Spring 2013).

"The Constitutional Assembly", a lecture organized by Arab Forum for Alternatives Research Center, (Cairo 2011).

"Global Trends 2030- The Future of Democracy", a conference organized by the European Institute for Security Studies, (Brussels 2011).

"The Arab Democratic Wave", a conference organized by the European Institute for Security Studies, (Paris 2011).

The Annual Conference of the International Bar Association, (Dubai 2011).

“Constitutional and Political Reform in Egypt Post Revolution”, a series of lectures held, (Cairo 2011)."

“The Possible Impact that Political Reform can have on the Legal and Business Environment”, The Future of Egypt Conference, (Cairo 2011).

“Islamic Finance,” a conference organized by the American University in Cairo, (Cairo 2010).

“The ABCs of WTO Dispute Settlement", in the American Arbitration Association Handbook on International Arbitration (2010).

Chapter on Egypt, in Guide to dispute resolution in Europe, the Middle East and Africa, (Herbert Smith, 2010).

Education

LLM, Faculty of Law, Cairo University.

Awarded a certificate of completion for the Leading Economic Growth Program, in February 2015, Harvard University, John F. Kennedy School of Government, Executive Education.

Post graduate diploma in Islamic Shari'a, Faculty of Law, Cairo University.

Post graduate diploma in Business and Investments from the School of Business & Economics, American University in Cairo.

LLB, Faculty of Law, English Section, Cairo University, and qualified in 2000.

Languages
Arabic
English

Karim has 15 years of experience and his practice focuses on oil & gas, M&As, capital markets and finance.

He advised numerous multinational companies, banks and international financial institutions on transactions in Egypt often involving cross border elements. He represented clients in a number of international arbitration cases.

He authored a number of papers and articles on legal and economic reform. He is frequently a speaker at conferences and seminars.

He has led a number of high profile matters and transactions, including:

Capital Markets and M&A

  • Advising a major global insurance services company on its bid to acquire an Egyptian insurance company. Our work included conducting a full due diligence on the target, advising on all regulatory aspects and negotiating the transaction documents
  • Advising (with Allen & Overy) Société Générale on the sale of its entire stake in its listed Egyptian Subsidiary National Société Générale Bank (“NSGB”) to Qatar National Bank. The transaction is expected to be one of the largest transactions in Egypt this year.
  • Advising (with Allen & Overy) Shell on the Egyptian aspects of restructuring of its downstream business in Africa.
  • Advising IFC on the acquisition of about 15% of National Printing Company, the parent company of El Shorouk Company, which is one of the key publishers in Egypt.
  • Advising ASAS a property investment fund run by Abraaj Capital on the acquisition of a grade A major office building in New Cairo.
  • Advising an investment fund run by Abraaj Capital on the acquisition of two Egyptian companies working in the fields of IT and agricultural industries.
  • Advising Dubai Ports World on the acquisition of Sokhna Port Development Company in Egypt.
  • Advising Lafarge cement company and Titan cement company on EGP 547 million merger of two of their subsidiaries in Egypt.
  • Advising and leading the merger between Credit Agricole and Credit Lyonnais in Egypt.
  • Advising (with Allen & Overy) on two projects aimed at international commercial banks and investment banks to provide them with advice in relation to the Egyptian shareholder disclosure regime and on the entry into derivative transactions with counterparties in Egypt.
  • Advising (with Allen & Overy) Shell on the Egyptian aspects of restructuring of its downstream business in Africa

Oil & Gas

General

  • Advising RWE Dea AG as its external legal counsel on all its oil and gas business in Egypt including advising on all its concession agreements and oil and gas sales agreements.
  • Advising KUFPEC (a major Kuwaiti oil company) on various legal issues pertaining to its concessions in Egypt.

Oil & Gas Financing  

  • Advising (with Herbert Smith) HSBC Bank plc and HSBC Bank  Egypt (as Mandated Lead Arrangers) in connection with an up to USD 50,000,000 Senior Secured Borrowing Base Facility to IPR group of companies which holds various oil and gas concessions in Egypt. Our work included conducting a full due diligence on the concessions and preparing the Egyptian law security package.
  • Advising (with Herbert Smith) Sumitomo Mitsui Banking Corporation on USD 100,000,000 financing provided by a number of lenders to an oil and gas company having an oil and gas concession in Egypt. Our work included conducting a full due diligence on the concessions and preparing the Egyptian law security package.
  • Advising (with Allen & Overy) BNP Paribas on a USD 30,000,000 financing for an oil and gas company having an oil and gas concession in Egypt. Our work included conducting a full due diligence on the concessions and preparing the Egyptian law security package.
  • Advising (with Herbert Smith) Perenco Petroleum Limited having a concession in Egypt on the Egyptian aspects of borrowing approximately USD 2,750,000,000 from a number of international banks. Our work included conducting a full due diligence on the concessions and preparing the Egyptian law security package.

Banking and Finance

  • Advising (with Clifford Chance) Deutsche Bank as the lead arranger on the USD 1.2 billion financing to Abraaj Capital for the acquisition of Egyptian Fertilizers Company and advising on the USD 400 million sharia’a compliant partial refinance of this deal using novel and complex finance structures.
  • Advising Calyon, Commercial International Bank, Société Générale, Credit Agricole, and Arab African International Bank as the initial mandated lead arrangers on the USD 360 million finance to Lafarge Cement Egypt in August 2009.
  • Advising (with White & Case) BNP Paribas France as the lead arranger on the USD 280 million financing to Suez Steel Company.
  • Advising (with Gide Loyrette Nouel) BNP Paribas France on the USD 168 million financing of Egyptian Satellite Company (Nilesat) for manufacturing and launching a new satellite.
  • Advising (with Clifford Chance) Bank of America Securties Limited and Credit Suisse on the Egyptian law aspects of a USD 1.6 billion financing to a major multinational industrial group which has two Egyptian subsidiary companies.
  • Advising a major international bank on financing the developing of one of the first gold mines in Egypt.
  • Advising Amlak Finance Company on using Islamic finance structures in its real estate finance business in Egypt.

Derivatives

  • Advising International Swaps and Derivatives Association (ISDA) on the legal issues pertaining derivative transactions under Egyptian law.
  • Advising various major financial institutions including UBS, Deutsche Bank, Credit Suisse and Barclays Capital on the enforceability of derivative transactions and ISDA agreements.

Dispute Settlement and Arbitration

  • Advising and representing a major multinational company operating port terminals in an ICC construction arbitration against one of its contractors.
  • Advising and representing an Egyptian drilling company (joint venture between an international drilling company and the Egyptian government) in an arbitration case against an oil company.
  • Advising and representing an Egyptian industrial company in EUR 7 million arbitration against a European company concerning international sale of equipment.
In Oil & Gas, the firm was excellent, great expertise from both Karim Sarhan and Ahmed Haggag.
Clients’ evaluations 2014
Very responsive and present. Karim Sarhan was perfect.
Clients’ evaluations 2014
Sharkawy & Sarhan is our go-to firm. Karim Sarhan is an excellent reliable lawyer. It is always a pleasure collaborating with him.
Clients’ evaluations 2014