The northern African country of Tunisia, with a population of 10.7 million, is rebounding from recent economic challenges. Tunisia is seeing a recovery of its market in the tourism, foreign direct investment and hydrocarbon and phosphate production, of which it is the leading exporter and second largest producer. Foreign direct investment (FDI) is key to this country’s economy.
Tunisia’s main exports include clothing, semi-finished goods and textiles, agricultural products, mechanical goods, phosphates and chemicals, hydrocarbons, and electrical equipment. Its main export partners are France, Italy, Germany, Libya and the United States.
Lex Mundi in Tunisia
Lex Mundi provides coverage in Tunisia through Gide Loyrette Nouel, member firm for France. Gide established an office in Tunisia in 2001. Gide is proud of its unique multidisciplinary know-how in Africa, which can be attributed to its 40-year experience on the continent. Considered as a leader on legal issues in Africa, Gide continues to extend their offer to best meet the varied expectations of their international clients.
Representative Experience in Tunisia:
- Advising SFI on acquiring a minority stake in Amen Bank, second largest private bank in Tunisia, and whose shares are listed on the Tunis stock exchange
- Advising the Auchan Group on buying a stake in Société Magasin Général, a Tunisian company active in the retail sector and listed on the Tunis stock exchange
- Advising TUI TRAVELS PLC in relation to the drafting and negotiation of various hotels leases management with local owners of 4 to 5 stars hotels in Tunisia and intra group share transfers
- Advising Qatari Diars on completing the first high-standing tourist project post-revolution in the Sahara region, on setting up the management company for Qatari Diar projects in Tunisia, and advising them on all stages of the project, whose estimated cost is USD 120 million
- Advising Four Seasons on Tunisian law for the implementation of contracts and setting up the management company that will handle their first hotel in the country
- Advising Votorantim for the transfer of 100% of the share capital of Cimenterie Jbel Oust, a major cement plant in Tunisia as a consequence of a worldwide transaction involving the Split Off of Cimpor Cementos a Portuguese cement company and the transfer of assets worldwide to Votorantim including the Tunisian cement subsidiary Ciments de Jbel Oust
- Advising Chomarat group in relation to the possible restructuring plan for their production sites in Tunisia in particular on the impact of such restructuring on their employees; and advising a Japanese group for the study and comparison of pharmaceutical investment legal framework in Algeria Morocco and Tunisia