Our finance and projects team in Morocco advises on all aspects of financing, across borders, sectors and financial products.
We have experience in transactions involving lending and borrowing, debt securities, derivatives, financial services regulatory, alternative funds, portfolios and fintech solutions.
Our projects know-how extends to project finance, public procurement, regulatory issues, environmental and construction and engineering law. We have represented consortia, promoters, sponsors, investment funds, banks, governments and local authorities.
With one of the largest teams of dedicated finance and projects lawyers in the world and an established presence in Africa, we assist our Moroccan and international clients in developing and realizing their financial strategies and projects in whichever markets they do business.
Our team's particular areas of focus are:
- Debt capital markets
- Derivatives
- Financial services regulatory
- Infrastructure finance
- Public Private Partnerships (PPP)
- Public Sector
- Renewables
- Transport
- Water and waste
Experience has included advising:
- The Moroccan Ministry of Energy on the reform of the renewable energy law;
- The lenders in connection with the financing of the Safi independent power project (1320 MW) for a total value of USD2.6 billion;
- A European development bank in relation to a EUR14 million financing granted to BMCE in the context of the Green Climate Fund facilities;
- An Italian energy company regarding the application of Moroccan law pertaining to electricity production as a form of renewable energy for a 400 MW wind farm project;
- A major Moroccan bank on complex financing and derivatives issues concerning variation margins and rules provided under EMIR and Dodd-Frank Act;
- TMSA (Tangier Mediterranean Special Agency) in the development and the management of Tangier Med I and II port infrastructure under concession contracts (container terminals, oil terminals, towing services, vehicle terminal, water and electricity supply, etc.);
- A German multinational bank regarding Moroccan legal and regulatory issues applicable to intra-bank loans concluded by SWIFT, providing detailed regulatory advice on Moroccan law and prudential rules applicable to banks;
- A French multinational bank on Moroccan banking prudential obligations in relation to the application of EU prudential rules;
- A French multinational bank in a Moroccan law analysis regarding the legal qualification of guarantee deposits; and
- EDF and the consortium in the bidding process for the granting of five PPAs for the design, financing, construction, commissioning, operation and maintenance of a 850 MW wind farm development project in Morocco.
- Tier 1 in Projects and public law (The Legal 500 2020)
- Tier 2 in Banking, finance and capital markets (The Legal 500 2020)
- Saad El Mernissi recognized as a "leading individual" in Projects and public law (The Legal 500 2020)