Our Expertise & Experience

Project Finance and PPP related Commercial Transactions:

DRC/Australia/Mauritius: Project finance Advice to Ivanhoe Mines Limited. A Canadian publicly listed (Toronto) exploration and mining company, in respect of their activities in the DRC and Gabon including the drafting of an ‘Earn-in’ based JV established in Mauritius with Australian listed mining and exploration company Regal Resources Limited : 2013- 2015

DRC: General on- going project finance and PPP advice to the Development Bank of Southern Africa as regards investments in the DRC ,Mozambique and elsewhere in Africa;1999 to date;

England: Project finance Advice to Lovat Inc. and the Royal Bank of Scotland in connection with documents relating to the design, manufacture and delivery to AMEC Group Ltd. of billion dollar tunnel boring machine for use in the Woolwich to Arsenal extension of the Docklands Light-Railway.: 2004;

France/Central Africa: Advice to the leading French engineering consultancy firm Coyné & Bellier (as part of a consortium advising the African Development Bank) in respect of all regulatory, legal project finance and PPP matters in respect of a feasibility study concerning a proposed hydroelectric project spanning Gambia, Senegal, Guinea, and Guinea-Bissau.:2006-2007

Madagascar: Air Madagascar: project finance, PPP and transactional and regulatory privatisation advice to a consortium led by HSBC Equator Bank plc in relation to the sale of the state airline company “Air Madagascar” and to the Government of Madagascar and the Privatisation Unit of the World Bank (responsible for Africa and the Indian Ocean) in respect of the overall privatisation process in Madagascar with particular reference to the differences between legal systems based on the Napoleonic Code and those based on the common law system. Further advice also provided in collaboration with IOS Partners to Malagasy aviation authorities as to regulatory and safety issues: 2001--2003

• Mozambique/South Africa: Project Finance and PPP advice to Hugh Brown & Associates (Pty) Limited a South African registered company and to Zambezi Synthetic Fuels SA a Mozambican registered companies and the Government of Mozambique in relation to respectively 1/a $15 billion USD waste coal to liquids (diesel) project , and benefiting inter alia from waste coal fines supplied by the Brazilian mining house Vale as well as advice to the Government of Mozambique: ;2/ project finance advice to Hugh Brown & associates and Nacala Power Lda in relation to a $ I billion USD Coal fired power project sponsored by Nacala Power Lda and benefiting from Chinese sourced project finance in respect thereof; Project finance advice to Hugh Brown & Associates in relation to a $ 3 million Ethanol fuel and sugar project with Chinese sourced project financing; and 4/ project finance advice to Hugh Brown & associates in relation to: a $ 100 Million USD Massingir Power project and benefiting from English/ South African and Chinese sourced project financing: 2012 to date;

• Mozambique: ‘Maputo Port’. Project Finance Advice provided to the Development Bank of Southern Africa, a member of the lending syndicate of banks, as to legal, and regulatory issues concerning the implementation of a limited recourse project financing structure bearing in mind South African, English and Mozambican legal constraints.2001

• Namibia: Project finance and PPP advice to the Namibian Government (Ministry of Mines and Energy) as regards regulatory, legal and project financing issues in feasibility study in respect of proposed billion dollar, Nampower, ‘Kudu’ development gas power project.2001

• Nigeria: Project finance advice to Econet Wireless Nigeria Limited and HSBC in respect of a $200 million dollar financing package in relation to a GSM cellular licence acquisition in Nigeria 2002;

• Rwanda: Project finance and PPP advice to relevant municipal authorities as regards regulatory, funding and technical issues related to the possible construction of a toll road around the capital, Kigali taking into account World Bank ‘HIPC’ (Heavily Indebted Poorer Country) guidelines: 2002

• South Africa/Nigeria: Project finance and PPP advice to South African state owned energy company ‘Eskom’ regarding the establishment of a corporate structure for investment in Nigeria and regulatory matters concerning proposed investment in the Nigerian electricity market and drafting of documentation in respect thereof.2001-2002;

• South Africa: Project finance advice to the Development Bank of Southern Africa Limited (“DBSA”) in respect of Financial loan involving DBSA and Rand Merchant Bank as regards an export finance (COFACE) driven 74 million rand industrial water treatment, limited recourse, project financing in Durban, South Africa (sponsored by Ominium de Traitement et de Valorisation (“OTV”); a subsidiary of the French industrial concern Vivendi). 1999- 2000;

• South Africa: Project finance advice to the DBSA, Investec and ABSA Corporate Bank in respect of a 600 million rand consumer water utility supply project in Nelspruit, South Africa (sponsored by the English industrial concern, Biwater plc).1999; • Uganda: Project finance and PPP advice to Fieldstone (Africa) Pty Limited and the Ugandan Government and the World Bank as to all regulatory, legal and project finance matters in respect of the privatisation of the Ugandan Electricity Board into three separate entities concerned with generation, transportation and distribution of electricity. 2003-2004;

• USA/Africa: Product liability and commercial law advice to the US diversified global manufacturer and established billion dollar and international blue-chip and New York listed company known as the Dover Corporation and certain subsidiaries thereof as regards legal issues related to the supply of oil drilling equipment in Africa. 2017-to date;

• Zambia Advice to His Excellency Kenneth Kaunda First President of the Republic of Zambia in relation to a potential mining transaction in Angola.2003-2005.

General Commercial Matters:

• Angola: Legal representative in South Africa for BAI- ‘Banco Angolano de Investimentos’. Advised BAI as regards the establishment of an office in South Africa and have provided general advice to other Angolan citizens/corporations, notably, as regards their possible collaboration with corporate entities wishing to invest and undertake projects in Angola.: 2007-2014

• Angola: Advice to Banco Africano de Investimentos (‘BAI’), perhaps the largest Angolan bank in Angola in respect of a US$20 million term loan facility involving Investec (Mauritius) and Grinaker LTA and in respect of the establishment of a representative office in South Africa. 2006-2008

• China/Angola: Provided Advice to Pan Asian Oasis Inc. and drafted and concluded exclusive distribution agreement between Pan Asian Oasis Inc and Caledonian Mining Corporation. Further advice provided to Pan Asian Oasis Inc. in respect of certain contracts in Angola. 2003-2005

• China/DRC: Advice to Pan Asian Oasis Inc. in respect of proposed copper related trading transactions in the DRC as well as mining investment opportunities. 2003-2004;

• DRC: General advice to the Development Bank of Southern Africa as regards investments in the DRC; 20013—20015;

• DRC: General advice to Nathalex (Pty) Limited and Nathalex SARL a Congolese corporate and strategic advisory firm as regards the legal aspects of cross-border corporate transactions involving international firms investing into the DRC.2013- 2015;

• England: Advice to Morgan Grenfell and various local authorities and health authorities as Senior Solicitor with Norton Rose Fulbright-London (see below) in respect of PPP projects and particularly off balance sheet finance and projects.1988-1991;

• England/Gabon: Advice to AegisDefence services ltd.as regards financial transactions in Gabon: 2011-2012;

• England/Holland/Ghana: Advice to Unity Link Financial Services Limited and Unity Monetary Services BV (both of which companies are regulated by the relevant authorities in England and Holland) as regards financial remittance and the launching of pre-paid cards and related services in Europe, (including the UK), USA, Ghana and elsewhere in Africa and Asia.2011-2015;

• England: Advice to RKH, Reinsurance London based reinsurance Brokers, concerning insurance legal issues, notably in Uganda; 2016-todate;

• England/South Africa: Advice to MEARC Management (Pty) Limited, a Lloyds backed, managing general Agency (‘MGA’) as regards insurance underwriting matters and notable in relation to agreements with London based brokers EC3 and reinsurance company Aspen Re. 2016-to date;

• England/Mauritius: Advice to PrecisionRe a newly established reinsurance broker in Mauritius as regards potential contractual arrangements with various London based insurance and reinsurance companies.2016- to date;

• Equatorial Guinea: Advice to the Government of Equatorial Guinea in respect of the setting up of a national petroleum company and related regulatory and financial matters.:2001;

• Ghana/India/UK: Advising UK subsidiary of leading Indian firm ‘Financial Software and Systems Limited (FSS)’ in respect of its relationship with Ghana Interbank Settlement Systems Limited (‘GhIPSS), a subsidiary of the Bank of Ghana (i.e. the central bank of Ghana).2012-2015;

• Ghana: International banking, trade finance and derivative commodities trading advice to Ashanti, a leading Ghanaian mining concern and to ABSA (a South Africa bank) in respect of export credit linked trading with the government of Ghana.1998;

• Lebanon: Middle East Airlines: acted as legal adviser to the International Finance Corporation (‘IFC’) in respect of the drafting of the due diligence report concerning the privatisation of Middle East Airlines; 1999;

• Mali/France: Advice to investment bank, Société Générale in respect of the Canadian firm Barrick Gold Mines (200 million United States dollars derivatives commodity hedging transaction) and project finance and regulatory advice in respect of the Sadiola Mining project in Mali. 1994;

• Mauritius: Ongoing advice to Precision Re a Mauritian licensed reinsurance broker ;2016 to date

• Mozambique: Advice to East African Petroleum, a Mozambican registered company regarding diesel and petroleum distribution network in East and Southern Africa 2016;

• Mozambique: Ongoing advice to Hugh Brown & Associates (‘HB&A’) concerning various power projects in Mozambique.2012 to date

• Mozambique: ‘Pande’ Gas Pipeline Project advice to the Central Energy Fund in South Africa, in respect of the drafting of pipeline agreement and proposed project financing of the Mozambican / South African Pande gas pipeline project.1998-1999;

• Mozambique: Advice to Fieldstone, US financial advisers, advising the Mozambican government, in respect of legal agreement between the government of Portugal and Mozambique relative to the Cahora Bassa dam development.1999;

• Rwanda: Advice to ‘Rwandatel’ the State telecommunications company in Rwanda in respect of its telecommunication contractual arrangements with MTN: 2003;

• South Africa: Advice to Coniston Capital Partners (Pty) Limited in the general area of insurance and notably mine liability rehabilitation insurance:2015 to date;

• South Africa/DRC: Advice to Bunengi Holdings (Pty) Limited. A South African mining exploration company, in respect of proposed JV and drafting the same with Société Minière de Kilo- Moto SARL in relation to the Kibali gold mining exploration transaction in the DRC. 2013;

• South Africa/Germany: Geotec, Advice provided to company comprised of German geologists, operating in the areas of mining, coal, solar/wind/bio-diesel/ coal to liquids technology, renewable energy and advisory.2010-2011;

• South Africa/Canada: South African Regulatory mining advice provided to Peter Hooper (Executive Chairman) and Canadian Investors regarding rules and regulations relating to prospecting and mining permits in South Africa as well as submitting applications to the DMR and dealing with related Black Economic Empowerment regulations and associated matters.2003- 2005;

• South Africa: Capital markets advice to the DBSA as issuing bank in respect of a 1 billion rand fixed rate bond issue lead managed (out of London) by JP Morgan and Standard Corporate and Merchant Bank.1998-1999;

• South Africa: Advice to ZY Holdings (Pty) Limited, regarding billion dollar jet fuel tender application to South African Airways and related insurance matters; 2016 to date

• South Africa/ England: Advice to Exchange 4 Free: International Remittance Company registered in England, South Africa, Australia and New Zealand and approved by the South African Reserve Bank.2011 -2015;

• South Africa/ Tanzania: Advice to South African, Durban based engineering and manufacturing company ‘Elgin Engineering Group’ as regards a joint venture with company established by the Government of Tanzania; 2011-2013;

• South Africa/Hong Kong: Advice to Transact 24 (Pty) Limited, the South African subsidiary of Chinese company (Hong Kong)Transact 24 Limited and advice to Transact 24 Limited as regards their financial services operations in South Africa in the areas of Mobile wallets and pre-paid cards.2011-2013;

• South Africa/Zambia: Successfully advising Ox- Drilling Limited, a leading mine drilling company in regards to arbitration proceedings with Jindal Mining relating to a mining dispute arising in Zambia with the arbitration taking place in South Africa before the Arbitration Foundation of Southern Africa, sitting in Sandton, Johannesburg.2012-2014;

• Switzerland: Appointed to the panel of lawyers advising ‘ Geneva Wealth Capital Management’-2014 to date;

• Tanzania: Air Tanzania: Provided advice to HSBC Consortium bidding in respect proposal relating to the privatisation of Air Tanzania and co-ordinator as regards the request by the Tanzanian Government for legal advisers in respect of the proposed privatisation of Air Tanzania 1999;

• Tanzania: Provided advice to Elgin Engineering Group in relation to the establishment of a joint venture company with a company owned by the government of Tanzania: 2012;

• Turkey/South Africa: Provided initial preliminary regulatory advice to Sumo Coal – Turkish mining and coal trading company with extensive coal mining interests in South Africa and elsewhere in Africa. 2009;

USA/South Africa Advice to DBI Broadband USA LLC (Tampa, Florida) regarding telecommunications licence applications in South Africa and proposed nation-wide roll-out of broadband telecommunications infrastructure network.2002-2004;

• Madagascar: Provided initial preliminary regulatory and transactional telecommunications advice to TELMA (the Malagasy Telecommunications Authority).2000-2001;

General Corporate, Project Finance and Privatisation Experience

• Natural gas, oil and commodities: Advice to Elf, Société Générale Energie S.A. and others in respect of commodity related margin contracts and contracts for differences generally, notably in the areas of precious metals and UK (“Network Code”) downstream natural gas sale and purchase contracts.1993-1996

• Municipal authorities: Project finance, derivative products and regulatory advice to financial institutions on the most efficient way of assisting public authorities and municipalities in meeting their obligations within the context of annual financial targets, taking into account budgetary, financial, legislative and regulatory constraints.1987-1992;

• Project finance/privatisation, energy, utilities: Advising banks, industrial entities and public authorities on matters relating to the financing of energy (hydro, thermal and solar power) and infrastructure projects such as schools, roads, airports and telecommunications.1988-to date;

• Utilities: Corporate restructuring and European law public procurement advice to various public authorities and water utility companies.1988-1992;

• Capital Markets: Advice to banks (such as NatWest Securities Limited, Société Générale S.A. and the Development Bank of Southern Africa) in the areas of bond issues, warrant programs, custodianship arrangements and emerging market securities sale and purchase contracts as well as structured finance and fiscal advice to venture capital entities.1993-1997.

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