DEAR CLIENTS AND FRIENDS

We take this opportunity to inform you of the promulgation of Law No. 73-10 on June 9, 2010, which modifies articles 515, 521 and the paragraph of article 523 of our General Company Law No. 479-08 dated December 11, 2008.

This reform extends the timeframe provided for the adaptation of commercial companies to December 11, 2010, providing an additional 6 months for existing commercial companies to regularize their legal status to the new legislation.

Therefore, it is imperative that all commercial entities to undergo the transforma-tion or adaptation process in order duly comply with the new existing legal re-quirements.

It will be our pleasure to provide you with our services and assistance in this matter through our specialized Corporate-Company Department. We are at your disposal to advise you in the designing of a corporate structure that fits the needs of your company.

Corporate-Company Department