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Updates – Experience in Banking and Finance

In collaboration with Vinson & Elkins (London), acting as Local Counsel for Helios Investment Partners (A Private Equity Firm) in the acquisition of Louis Dreyfus Company BV having a subsidiary in Cameroon (Project Lima); a transaction finance by a US Dollars 70.000.000 Facility granted by Société Générale and Standard Chartered Bank. The transaction involved the preparation of several documents including:

  • Bank Account Pledge
  • Pledge over receivables
  • Pledge over Business Property
  • Share Pledge
  • Mortgage Deed

In 2015, we acted as Local Counsel for Deutsche Bank Madrid Spain in a loan granted to the Government of Cameroon represented by the Ministry of Economy, Planning and Regional Development.

In 2016, our Firm again acted as Local Counsel for Deutsche Bank Madrid Spain in a loan granted to the Government of Cameroon represented by the Ministry of Economy, Planning and Regional Development.

Between September – December 2015, in collaboration with White and Case London, we acted as Local Counsel in the negotiation with swap counterparties of the cross curency swap transaction within the frame of the USD – denominated Eurobond of 650 billion issued by the Republic of Cameroon on International Money Markets.

March 2015. We acted as Local Counsel for a major Telecom Operator in a 91 million Euro syndicated loan financing for the extension of its network.

December 2014. We assisted SCB Cameroon – Group Attijariwafa Bank who acted as arranger of the bond issue by the Republic of Cameroon worth 242 million USD on the Local Financial Market.

September-December 2014.We assisted SCB Cameroon – Group Attijariwafa Bank who acted as arranger of the bond issue by the Republic of Cameroon worth 130 million USD on the Local Financial Market.

January 2014. We acted as Local Counsel for Gaz du Cameroun, a Gas Operator in a 6.860.000 Euro financing for the extension of its pipeline network

March 2013. In collaboration with Allen and Overy Paris, we acted as Local Counsel for Société Générale Paris in a transaction relating to a covered bond programme involving the transfer by way of security of receivable arising under a 28 million Euro loan to the Republic of Cameroon.

In September 2010, we acted as Legal Counsel for G.E Capital Aviation Services in Stamford USA for providing a jurisdictional analysis on enforcement of judgments, Lessor/Lender liability, sales and lease back, etc in Cameroon.

In January 2012, Our Firm was again retained by G.E Capital Aviation Services Ireland for jurisdictional analysis for Cameroon.

June 2010. We acted as Counsel for the Lender in a syndicated financing to MTN Cameroon worth 67 million Euro.

Between July 2000 and October 2001, we acted as Local Counsel for the Lenders in a syndicated loan involving about eleven Banks in six countries granted to a Major Mobile Telecoms Operator in Cameroon (MTN Cameroon). We worked on the assignment with a London based Law Firm DENTON WILDE SAPTE (Now SNR Denton). The lead Banks, Agents and Arrangers were Citibank London and Standard Bank. Our Firm was involved in the following tasks:

The preparation of a Due Diligence Report on the Borrower,

The review of the applicable laws relating to the enforcement of judgments generally and foreign judgments in particular,

The review of :

  • The Bridge Facility Agreement
  • The Common Terms Agreement
  • The International Amortising Senior Debt facility
  • The Subordination Agreement
  • The Counter Indemnity Agreement in favour of F.M.O and the African Development Bank.

The preparation of the security documents in conformity with the provisions of the Civil Code and the OHADA Laws. The security documents which we prepared included :

  1. Mortgage Deed
  2. Business Pledge (Nantissement de Fonds de Commerce)
  3. Share Pledge (Nantissement d’actions)

We supervised the notarisation and registration of all documents and the obtention of the various certifications of the securities.

In 1996, we acted as Local Counsel for a Bank in BANGKOK Thailand which financed logging operations for a big Thai Company in Cameroon.

In 1995, we equally acted as Local Counsel for a Financial Institution in Singapore which financed some logging operations in GABON.

March 2000, our Firm was retained by the World Bank to present an overview of the Banking Sector in Cameroon, its weaknesses and the legal aspects and difficulties relating to secured lending in Cameroon, debt recovery and the weaknesses of foreclosure proceedings.

In March 2002, our Firm was retained by the World Bank to prepare a detailed checklist for incorporation of companies in Cameroon.

In March 2003, our Firm was again retained by the World Bank to update the checklist for incorporation of companies in Cameroon.

We acted as principal Counsel for Chase Bank Cameroon until it was taken over by Meridien Bank

We acted as Counsel for International Bank of Africa Cameroon (IBAC) previously known as bank of America Cameroon until it was liquidated,

In 1989, we handled the privatisation process of a State owned Banana Plantation (O.C.B). This involved tax and legal due diligence leading to the transfer of the assets of O.C.B. to Société des Bananeraies de la MBOME (S.B.M). We equally negotiated the departure of workers and various acquisition contracts.

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