Dr Walid Hegazy | Hegazy and Partners

The core values we embrace as a team are: transparency, efficiency, and diligence.

- WALID HEGAZY

Dr. Walid Hegazy

Managing Partner

Qualifications

Dr. Hegazy received his SJD (Doctor of Juridical Science) and LLM degrees from Harvard Law School in Cambridge, Massachusetts.

Biography

Dr. Walid Hegazy has over 26 years of legal experience representing and advising clients on transactions and disputes involving the commercial laws and regulations of many Middle East countries, including: Egypt, UAE, the Kingdom of Saudi Arabia, Qatar and Libya. Dr. Hegazy’s main areas of expertise include, Islamic banking and finance, project financing, corporate restructuring and corporate governance.

Representative Experience

Advising one of the bidding consortiums in connection with the public schools’ project tendered by the ministry of finance and the general authority of educational building.
Advised Marrriott International on the Starwood Hotels & Resorts Worldwide acquisition and its effect on Egyptian properties.
Advised Emeraude Egypt on the acquisition of Abr Asia for Import LLC.
Advising BNP Paribas on a €7.2BN facility providing for the financing of the acquisition by Lafarge, the world’s biggest cement maker, of Orascom building material holding, Egypt.
Advising Saudi Telecom Company (STC) on its US$3.05bn acquisition of a 25 per cent interest in the telecoms operator maxis (Malaysia) and a 51 per cent interest in the telecoms operator NTS (Indonesia).
Advising Sorouh in connection with its US$1bn Mudaraba-based sukuk issue in the UAE.
Advising a major Saudi Real Estate Investment Group in connection with a SR1.2BN Murabaha facility.
Advising a major Saudi real estate developer in connection with structuring and documentation of Shari’ah-compliant facilities for the financing of a mix use real estate project in Mecca.
Advising a major Saudi real estate developer in connection?n with structuring and documentation of Shari’ah-compliant facilities for the financing of a mix use real estate project in Mecca.
Advising Credit Suisse on a US$1.2bn lease-backed securitization based in Saudi Arabia, in which Dr. Hegazy developed an innovative Shari’ah-compliant structure based on the Islamic contract of hawala (assignment of debt).
Advising STC on a US$950m Musharaka-based sukuk issuance as part of the maxis and NTS project.
Advising STC on a US$450m Murabaha-based structured commodity facility provided by al Rajhi Bank for the financing of a major M&A project.
Advising the government of Saudi Arabia on developing Shari’ah-compliant structures for the financing of infrastructure projects.
Advising Saudi British Bank (SABB) on structuring its model Murabaha agreement.
Advising the University of Maryland Medical School in connection with a major tender by Abu Dhabi’s Khalifa Bin Zayed Foundation.
Advising BAE systems in connection with a number of projects in Abu Dhabi.
Advising Ingersoll Rand on legal issues relating to distributorship and agency laws in the UAE.
Advising Aetna in connection with the legal structuring of its business activities in the UAE.
Advising Prince Group on legal issues relating to UAE customs and import and export laws and regulations

Publications

“A Legal and Political Perspective on Sukuk in the GCC”, Singapore Middle East Insight Islamic Finance Special – 2016.
“Egypt: The Islamic Finance Industry’s Growth, Challenges, and Legal Framework”, co-authored with Hussein Azmy – 2014.
“Islamic Liability as Practiced by Islamic Financial Institutions” Wisconsin International Law Journal – 2008.
“Shariah Compliant Private Equity Investment”, Financier Worldwide – April 2008.
“Contemporary Islamic Finance between Socio-Economic Idealism and Formal Compliance”, Chicago Journal of International Law – 2007.
“The Regulation of Islamic Banks in the New Iraq”, chapter 17 of Iraqi Constitutional Studies: Basic Principles for the Mew Iraqi Constitution, DePaul University College of Law, in cooperation with the American Bar Association, Chicago. A compilation of legislative proposals presented to the Iraqi constitutional committee in the summer of 2005.
“Fatwas (Shariah Opinions) and the Fate of Islamic Finance: a critique of the practice of Fatwa in contemporary Islamic financial markets”, Islamic Finance Project, Harvard Law School – 2005.
“Islamic Finance in Malaysia – a Tax Perspective”, 3 no. 10 Asia-Pacific Tax Bulletin, Amsterdam – 1997.
“Banking: The Current Landscape in Egypt”, co-authored with Clyde Mitchell, 215 no. 54 N.Y. L.J., New York – 1996

Dr. Walid Hegazy is also the Egypt country correspondent for Islamic Finance News.

Key Achievements

September 2010

Founded Hegazy and Parnters