Morocco’s economy supports a population of 32.6 million and relies on phosphate rock mining and processing, food processing, leather goods, textiles, construction, energy, tourism. The country’s top exports include clothing and textiles, electric components, inorganic chemicals, transistors, crude minerals, fertilizers (including phosphates), petroleum products, citrus fruits, vegetables and fish to France, Spain, Brazil, India and the United States.
Lex Mundi in Morocco
Lex Mundi provides coverage in Morocco through Gide Casablanca, an office of Gide Loyrette Nouel, Lex Mundi member firm for France. The firm is one of the only law firms in Morocco that offers legal assistance covering the full-range of Moroccan and international finance and business law.
The firm assists international institutions, public institutions, banks, foreign investors and leading Moroccan business groups, with the legal and tax aspects of their investments and their commercial and financial operations.
Representative Experience in Morocco:
- Advising Renault Trucks on the divestment of its Moroccan subsidiary Renault Trucks Maroc.
- Advising group Engie on setting up a joint venture with Finatech (FinanceCom group), dedicated to energy services.
- Advising Chariot Oil & Gas Limited on the farmout of a 40% equity interest in six exploration permits in Morocco.
- Advising Onomo Hotels (Batipart group) on its various real estate and hospitality projects in Africa (Morocco, Ivory Coast, Senegal, Republic of Congo, Mozambique, etc.): acquisition of hotels / plots of land, hotel construction, etc.
- Advising SDX Energy on the acquisition of Circle Oil’s assets in Morocco. Circle Oil held certain gas operating concessions located in the Gharb basin (Morocco).
- Advising Groupe Palmeraie Développement on real estate and hospitality projects in Côte d’Ivoire and Gabon. It is one of the first real estate Sub-Saharan transactions involving Moroccan players.
- Advising Aabar Investments on the setting-up of Wessal Capital and its first investments in Casablanca and Rabat (Wessal Capital was named “2014 Sovereign Wealth Fund Deal of the Year” by World Finance, due to its unique collaborative model and the scale of its developmental impact, and "2014 Social Deal of the Year").
- Advising Groupe Palmeraie Développement on the divestment / restructuring of a substantial portion of its hospitality business and assets: setting up a joint venture with Aabar Investment PJS, transferring the ownership of the real estate assets and associated businesses to the JV, etc.
- Advising Wendel on its acquisition of a 100 million-euro stake in Saham Group.
- Advising Veolia on the sale of its water and electricity activities in Morocco.
- Advising the Moroccan government on reviewing the existing Moroccan mining code and drafting a new version.
- Advising Medi Telecom (second telephone operator in Morocco) on refinancing its local debt, amounting of EUR 450 million.