The firm’s Banking and finance practice is a key area of specialisation for which it has consistently earned some of its highest number of commendations from independent ranking publications including Chambers Global, the IFLR 1000, the Legal 500 and Who’s Who legal among others. The team is particularly noted for its strengths in acquisition finance, secured and unsecured facilities, syndicated loans and project finance.
In addition to these areas, the Banking and Finance team advises clients ranging from local and international banks, development finance institutions and other financial institutions to arrangers, facility agents, borrowers and sponsors on a breadth of banking and finance issues ranging from incorporation, establishment, setting up representative offices, regulatory capital, foreign exchange and other general regulatory compliance issues including Central Bank of Nigeria regulations and the operations of banks and other financial institutions that operate in the sector.
The team developed its initial international financing experience when it advised on various issues arising out of the re-financing of Nigeria’s international commercial debt in the 1980s. It has also advised on issues arising out of the re-financing of debt owed by various Nigerian commercial banks to various international creditors. It has a wealth of experience in preparing and reviewing financing documentation and vetting foreign law-governed contracts to evaluate their efficacy and validity under Nigerian law, or within the context of Nigerian laws and regulations.
Lauded for its “intelligent approach”, among other accolades, the Banking and Finance team routinely advises on corporate and commercial lending, syndicated financing, asset-based lending, debt capital markets, real estate financing, hotel financing, project and structured finance transactions as well as Islamic banking and finance, global depository receipts and leasing. It has structured transactions relating to debt restructuring, debt to equity conversions, swaps and other derivative transactions and other forms of acquisition finance.