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Financial Services

Our lawyers advise some of the largest financial services companies and institutions on both their day-to-day operations and wider strategic objectives. With significant commercial experience working with the common banking legislation, our team provides advice on finance transactions across the organization for the harmonization of corporate law in Africa (OHADA), including cross-border investments.

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, building societies, capital markets and their participants, investment banks, national regulators, private banks, private-equity firms, and 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.

We are also part of IsFin, the world’s leading advisory for Islamic markets.

Experience has included advising:

  • Franco-Nevada in a USD135 million stream transaction in Senegal that won the Finance Monthly Deal Maker of the Year award 2014
  • One of the biggest multinational banks on foreign exchange non-deliverables in Cameroon, the Central African Republic, Chad, Equatorial Guinea, Gabon and Democratic Republic of the Congo
  • A large multinational UK based bank on its USD20 million loan to Sentel GSM in Senegal
  • Islamic Corporation for the Development of the Private Sector on the extension of global lines of credit (Islamic finance) to banks or leasing companies operating in Chad, Cameroon and Gabon
  • Standard Chartered Bank on its USD400 million loan transaction with Senegalese telecommunications company Sentel
  • Citigroup on its foreign hedge funds project with the common reserve Bank of Benin, Burkina Faso, Cote d’Ivoire, Mali, Niger, Senegal and Togo
  • ICBC Standard Bank (London) on an interest rate hedging transaction
  • A foreign unlicensed bank with no presence in Senegal on the possibilities to market and provide a loan / loans to corporate entities located in Senegal 
  • China Eximbank on a government concessional loan agreement to the government of Chad