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Financial Services

Our lawyers advise some of the largest financial services companies and institutions in Rwanda on both their day-to-day operations and wider strategic objectives. 

We help our clients contend with legal issues in banking – including restructurings, regulatory demands and the compliance costs that have come with reform. 

Our clients include asset managers, capital markets and their participants, investment banks, national regulators, private banks, private equity firms, professional services organizations engaged principally in financial services and retail banks. In addition, we regularly work with retail intermediaries on the legal issues involved in the selling of financial services to consumers.

Experience has included advising:

  • Several financial institutions on perfecting security interests and mortgages on assets in Rwanda.
  • Several financial institutions on restructuring of their facilities to Rwandan borrowers.
  • Several financial institutions on due diligence issues relating to Rwandan borrowers.

Digital transformation and financial inclusion in Nigeria

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.

Open banking in Africa after COVID-19

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.

Litigation funding in Africa: Maximizing opportunities

Third-party funding is not new; however, it is about to enter a period of unprecedented global growth – notably in Africa. The measures implemented by governments in response to COVID-19, coupled with the rapid economic downturn and ongoing uncertainty arising from the pandemic, have created the perfect storm. The outlook may seem bleak, but third-party funding offers a ray of hope for beleaguered boardrooms looking to maximize cashflow in this unpredictable period.