The People's Democratic Republic of Algeria is 2,381,741 sqkm-wide. It is the tenth-largest country in the world, and the largest in the Arab world and in Africa. Algeria is bordered to the northeast by Tunisia, to the east by Libya, to the west by Morocco, to the southwest by Western Sahara, Mauritania, and Mali, to the southeast by Niger, and to the north by the Mediterranean Sea.
Algeria is the world’s 4th economic power in the African continent, with a total population close to 42 million, and a $156 billion gross domestic product (GDP) in 2016.
The Algerian economy is dominated by its export trade in petroleum and natural gas, commodities that, despite fluctuations in world prices, annually contribute to nearly one-third of the country’s GDP.
France has been Algeria’s 2nd trading partner since 2014, with a market share 11.4%, after China.
France is also the 1st investor in non-hydrocarbon sectors in Algeria, with €2.15 billion.
Its progressive market opening also contributes to attracting many investors, especially Europeans (Italy, Spain, Germany). This competition explains France’s constant market share erosion in Algeria.
French subsidiaries (approximately 500) employ almost 40 000 direct employees. This figure rises to 100 000 employees when including indirect jobs.
In this context, Simon Associés entered into a strategic alliance agreement with Chemloul & Associés (C&A) Law Firm.
Essentially focused on the business world, companies and their leaders, Chemloul & Associés operates as a refunding counsel, in contract negotiation, litigation, claims and reviews with its Algerian and international clients working in various industry sectors. As such, the firm is the counsel of important public and private Algerian companies, as well as first rank foreign companies operating in Algeria.
Chemloul & Associés ranked Tier 1 both in “Commercial, Corporate and M&A”, and in “Dispute Resolution”, and Tier 3 in “Banking and Energy”, in the Legal 500, in 2016.