Dispute among Shareholders in I.K Real Estate Co. and Inertia Real Estate Development Co.
Dr. Ayman Qandil, a renowned businessman, is the largest shareholder in AK Real Estate, which is in partnership with Inertia Real Estate Co. to construct the biggest tourism resort in Marsa Matrouh to compete with world-class resorts on the Mediterranean Sea. A dispute has been waged between the famous businessman and other shareholders in the Company, posing a threat to continue the establishment of the world tourist resort. Here, Mr. Qandil hired Dr. Hamoda, with his legal weight helping him to manage the legal negotiations wisely with all parties. Hamoda was able to obtain the full rights of Mr. Qandil including the value of due shares, dividends and profits to be achieved within ten (10) years. He also managed to maintain the legal entity of the Company to ensure the continuity of the establishment of the world tourist resort to benefit the Egyptian tourism, which made all parties thank Dr. Hamoda.