Youssef + Partners, a leading international arbitration law firm headquartered in Egypt, has garnered dual recognition from two esteemed institutions for its outstanding performance in construction and real estate dispute resolution. The firm, acknowledged as one of the premier dispute resolution law firms in Egypt by Legal 500, has also received endorsement from the Harvard Law School Center. This recognition follows the appointment of the firm's founder and managing partner, Karim A. Youssef, as a member of the advisory board for the legal profession at Harvard Law School Center.
"We are delighted and honored to receive this double recognition from Legal 500 and the Harvard Law School Center. This is a testament to our dedication to providing our clients with the best legal services in over 116 international arbitration and dispute resolution cases,” said Karim A. Youssef, the founder and managing partner of Youssef + Partners. In his speech, he also emphasized the growing importance of alternative dispute resolution proceedings in the real estate and construction industries, which are among the most dynamic and challenging sectors in the Middle East and Africa.
Youssef pointed out: “Projects in these industries involve various stakeholders, including owners, contractors, subcontractors, suppliers, lenders, insurers, and more. These projects are particularly sensitive to economic fluctuations, contractual disputes, and technical complexities, all of which can impact their completion and delivery, potentially resulting in significant damages for the involved parties.” This is consistent with the 2022 Global Construction Disputes Report by Arcadis, which finds that the average value of disputes in the Middle East increased to $91.9 million in 2020, up from $40.5 million in 2019. The report also identified the top three causes of disputes in the region to be failure to properly administer the contract, poorly drafted or incomplete and unsubstantiated claims, and errors and/or omissions in the contract document.
Legal 500 has praised Youssef + Partners for its exceptional performance and extensive expertise in arbitration and dispute resolution, both domestically in Egypt and on the international stage. The directory specifically highlighted key clients and partners, including Al-Kholoud for Touristic and Real Estate Development S.A.E., CTIP Oil & Gas Ltd. (CTIP), Egypt Kuwait Holding Company (EKH), Triangle Group, and GAMA Construction S.A.E. Noteworthy achievements were also commended, such as the successful resolution of a $250 million claim in ICC proceedings involving high-net-worth individuals.
A testimonial featured in the Legal 500 Directory, provided by the CEO of SMG Engineering Automotive Company and a former client of Youssef + Partners, highlights the law firm's excellence. The CEO describes Karim and his team as "strategy-focused litigators" who stand out for doing things differently compared to other firms in Egypt.
About Youssef + Partners
Youssef + Partners is a leading international arbitration law firm based in Egypt, with a regional and global reach. The law firm specializes in arbitration and dispute resolution and offers a full range of legal services in various practice areas, such as construction and real estate, energy and natural resources, corporate and commercial, banking and finance, and intellectual property.
The law firm has a team of highly qualified and experienced lawyers who have handled some of the most complex and high-value disputes in the Middle East and Africa. The law firm has also received numerous awards and accolades from various legal directories and publications, such as Chambers and Partners, Global Arbitration Review, and Who's Who Legal. For more information, please visit Youssef.law.
