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Financial Services

Our well-rounded financial services team in Botswana has concluded deals in this sector. Our lawyers have valuable knowledge in loan syndication finance, lending and borrowing, debt capital and derivatives. 

Our clients benefit from know-how derived from a combination of global and local insight that positions us to deal with various matters, from domestic to cross-border transactions. We have insight on the type of LMA documentation suitable for a client to best serve their needs.

We also assist clients in negotiating term sheets and drafting execution documents. Our clients include major banks, DFI, local non-bank financial institutions and development agency corporations. 

Experience has included advising:

  • Stanbic Bank Botswana Limited for a project finance transaction worth BWP200 million with Orange Botswana as the borrower
  • Rand Merchant Bank Botswana for a project finance transaction worth BWP270 million to extend the biggest mall in Botswana
  • Finnish Fund for Industrial Cooperation Limited on concluding a project finance transaction with Letshego Holdings Limited as the guarantor
  • Morupule Colliery Limited in a syndicated loan transaction with four banks for colliery expansion
  • Stanbic Bank Botswana Limited for a project finance transaction worth BWP300 million with Botswana Housing Corporation as the borrower

Garnishee proceedings

Upon obtaining final judgment sounding in money, there is no guarantee that the money owed will be repaid. Winning does not signal the end of the judicial process. Garnishee proceedings, amongst other court processes may be instituted against a judgement debtor who despite numerous requests refuses to satisfy the judgement debt.

Treaty v facultative reinsurance

Treaty reinsurance is where an insurer enters into an agreement with a reinsurer to cover a “book” of risks.  The book of risks is generally quite broad in that it will stipulate the various risks it will cover, i.e. motor, aviation, business, immovable property, etc. Treaty insurance is a long term contract that covers the primary insurer for various types of risk.

A brief look at 2018

Looking back at 2018, undoubtedly the highlight for the firm was moving into our new offices in the Central Business District, after being in the Main Mall for over 30 years. While moving into new offices comes with its challenges, including dealing with snags associated with any newly constructed building, we have settled in well and are happy with our new location.