Dispute between the Contributing Partners of the GIFTUN Group Tourism Projects
The famous businessman El Mohammadi Hwaidak owns Giftun Co. for Tourism & Projects, which owns more than half of the tourism projects in El-Gouna Resort and Hurghada city, as well as many hotels and tourist resorts worldwide. The famous businessman hired Dr. Mohamed Hamoda, the most experienced lawyer in resolving commercial disputes, to resolve the dispute that arise with his partner, businessman Mr. Sayed Sayed Al-Rawas, the owner of Al-Rawas Auto Show, who raised a large number of commercial cases, requesting the removal of businessman El Mohammadi Hwaidak from the management of GIFTUN company and imposition of urgent legal receivership on the company, and accusing him of tax evasion and monopolizing company profits totaling to hundreds of millions of Egyptian pounds. He also requested to liquidate the company and assigning judicial liquidator on it. Dr. Hamoda was able to win several lawsuits in favor of the Mr. Hwaidak which lead preserving the entity of the company, enabling Mr. Hwaidak to manage it solely where the remaining proceedings are still considered before the Egyptian courts. Hence, those cases have lost their importance and value after the engagement of Dr. Mohamed Hamoda, who not only won these cases, but also filed claims to seek compensation against abuse of the right to litigation and the dismissal of businessman Sayed Rawas from the group, hence making the businessman El Mohammadi Hwaidak the sole manager and owner of the group.