International law firm Denton Wilde Sapte is following its agreement to join up with a local Algerian law firm in early November with a similar deal with a second firm in the region.
“We intend to extend our network elsewhere in the region,” says Cyril Vock, senior energy lawyer at the company. “We are trying to identify a partner in both Libya and Tunisia at the moment. We hope to sign up another associate in the next six months.”
Denton Wilde Sapte announced an agreement with Algeria’s Cabinet Hadj-Hamou & Djouadi on 8 November, in which the local firm become its first overseas associate in French-speaking North Africa.
The deal is intended to give Denton Wilde Sapte greater presence into what is an increasingly active investment market, particularly in the downstream oil and gas and petrochemicals sectors.
“We have seen real demand growth, particularly in the petrochemicals sector,” says Vock. “The new association agreement gives our clients the reassurance that we are reliable partners. It’s a seal of quality and reliability. The merging of our abilities and credentials could also open up new opportunities in the future.”
Denton Wilde Sapte is providing legal advice to Oman’s Bahwan Group on a proposed ammonia and urea plant at Arzew. The project is expected to be financed by local Algerian banks (MEED 3:11:06).
It was also an advisor on the acquisition of local insurance company Generale Assurance Mediterraneenne by a US-based investment fund in September.
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