The fintech industry is popular for its dynamic approach to delivery and relies on technological advances. Innovations such as blockchain, mobile payments and savings, peer-to-peer lending platforms, crowdfunding and similar internet-based solutions have radically transformed the financial services landscape in Nigeria, challenging its traditional business models and regulatory infrastructure. However, beyond the noteworthy advancements in this sector, a key concern is giving the country’s growing population access to these innovative solutions.
Our finance and projects lawyers advise clients across the sector, we help take advantage of opportunities and protect the business interests. With the world finance markets regaining balance, clients continue to look to our lawyers to help them navigate the credit markets as well as the compliance requirements for enacted regulations.
We work with all participants in the financial markets, including many of the leading financial institutions, borrowers, sponsors, and other capital providers and users. We help to analyse potential risks and develop both short- and long-term plans best suited for their business goals. Our clients benefit from our sophisticated understanding of the industry worldwide whether their transaction is local, national, or international.
In addition to our core lender and borrower representations, we advise clients in both new and established financial transactions and structures, including acquisition financings, asset based lending and cross-border investments.
Experience has included advising:
- Oando Energy Resources Inc. on its acquisition of Conoco Phillips Nigerian assets valued at USD1.79 billion
- Samsung Heavy Industries on reserve based lending for upstream oil & gas acquisition valued at over USD450 million and a USD3 billion FPSO EPC project
- A corporate entity on acquisition of oil and gas assets valued at over USD350 million
- An oil and gas company on a syndicated medium term financing of NGN60 billion (USD400 million)
- Vitol/Helios downstream joint venture negotiation and implementation valued at over USD461 million
- Oando Plc in a cross border investment (equity, debt/hybrid) valued at USD680 million
- An entity on the establishment of an oil storage facility and single point mooring system in the Lekki Free Trade Zone valued at over USD200 million
- Warner Music Group on its investment in one of Nigeria’s record label’s Chocolate City Group
- "We have found the firm as a whole to provide excellent advice and to be responsive, commercial and technically skilled…" (IFLR, Energy and Infrastructure Report 2015)
- "They are very competent not only from the legal perspective by they are very commercial. Some of the lawyers have specific energy industry experience, a couple were engineers in a previous life and one was an investment banker. The firm as a whole has a broad offering and is also good in infrastructure" (IFLR 2015)
- "The firm is most consistently strong on technical points" (IFLR 2016)
Open banking is a system where banks allow or authorize third parties, such as financial technology or fintech companies, to access their clients’ financial data to build applications or services. Anchored on providing better customer experiences, open banking has stirred a lot of interest in Africa, including banking apps with detailed analytics of finances, the ability to send money from one bank to another using mobile phones, or the ability to transfer money from one telecoms network to another.
James Kamau discusses how ESG is part of the response to COVID-19 and how many organisations, including DLA Piper Africa, is implementing ESG principles during this time.
In many African countries, mining is the backbone of their economies. Often, however, little consideration is given to environmental, social and governance (ESG) implications when a mining resource has been depleted or becomes uneconomical to mine. An appropriate legal framework that deals with mining rehabilitation is vital as part of sustainable mining.