Morocco

Morocco

Recent work highlights

Planning and environmental

  • Assisted the pharmaceutical group Afric - Phar in the creation and construction of an industrial pharmaceuticals business in Morocco, in particular regarding the planning and environmental aspects (investment: €11m).

Construction and development

  • Advised SOGEA in various aspects related to the structuring of their building construction sites in Morocco. In addition, we advised SOGEA during the course of a tax dispute related to the building up of the Renault Plant located in Tangiers.
  • Advised Keller on foreign exchange regulations for repatriations of profits derived from their construction activity in Morocco. We also assisted Keller in the defence of its interests within a tax audit conducted by the Moroccan tax administration.

Investment and disposal

  • Advised Bouygues Group on a construction and real estate project in Casablanca with the Anfa urbanization and development agency (Agence d’Urbanisation et de Développement d’Anfa), an affiliate of the public establishment “Caisse de Dépôt et de Gestion” (CDG).
  • Advised the Mauritian hotel group Beachcomber on the selling of luxury villas and the management of a villa and golf resort in Marrakesh.
  • Advised Banyan Tree (Asian luxury hotel group) on its acquisition of small hotels based in Morocco (€50m). Tax advice and assistance to Qatari Diar on the negotiation of contracts with the Moroccan government concerning a $1.2bn real estate and tourism investment project.

Managers and occupiers

  • Tax and legal assistance to Honeywell in real estate sale and commercial leaseback agreements consequently to share purchase agreements.
  • Advised Pestana Grupo on its request for specific authorisation of a new form of touristic establishment: the first licence in Morocco for rental real estate intended for tourism (named under Moroccan law as “Résidence Immobilière de Promotion Touristique”) was obtained by Pestana’s Moroccan subsidiary.

Financing

  • Advised a major Moroccan investment fund on the development of a touristic project, including a shopping mall, a hotel and residences in Marrakech (investment: €50m).
  • Assisted Société des Bains de Mer in the partnership with a Moroccan company for a luxury tourism and leisure project in Marrakech

 

Facts and figures

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Located in Casablanca

1 real estate partner and 15 lawyers

Languages: Arabic, French and English

Key contacts

Contact
Rachid Mejdoubi
Rachid Mejdoubi
Senior Tax Associate
T + 212 522 228 686
Rachida Charifi
Rachida Charifi
Senior Legal Associate
T +212 522 228 686