COMMERCIAL PROPERTY - Bowmans Law...East Africa Awards for 2018: top legal adviser in M&A for both...
Transcript of COMMERCIAL PROPERTY - Bowmans Law...East Africa Awards for 2018: top legal adviser in M&A for both...
COMMERCIAL PROPERTY
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BOWMANS
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Contents
04 OurFirm
05 OurFootprintinAfrica
06 OurCommercialPropertyPractice
07 OurSpecialistServices
11 Accolades
13 KeyContacts
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Our Firm
WithsevenofficesinfiveAfricancountriesandover400specialisedlawyers,we
drawonouruniqueknowledgeofthebusinessandsocio-politicalenvironmenttoadviseclientsonawiderangeoflegalissues.
Everywherewework,weofferclientsaservicethatuniquelyblendsexpertiseinthelaw,knowledgeofthelocalmarketandanunderstandingoftheirbusinesses.Ouraimistoassistthemtoachievetheirobjectivesassmoothlyandefficientlyaspossiblewhileminimisingthelegalandregulatoryrisks.
Ourclientsincludecorporates,multinationalsandstate-ownedenterprisesacrossarangeofindustrysectorsaswellasfinancialinstitutionsandgovernments.
Ourexpertiseisfrequentlyrecognisedbyindependentresearchorganisations.Wewererankedfirstbydealvalueandsecondbydealcountin Mergermarket’s 2018Africaleaguetablesforlegaladvisors.WereceivedawardsinfiveoutofsixcategoriesattheDealmakers
EastAfricaAwardsfor2018:toplegaladviserinM&Aforbothdealflowandvalue,toplegaladviserinGeneralCorporateFinanceforbothtransactionflowandvalue,andadvisedontheDealoftheYear.IntheDealmakers SouthAfricaAwardsfor2018,wewereplacedfirstfordealflowintheGeneralCorporateFinancecategory.
WewerenamedSouthAfricanLawFirmoftheYearfor2018intheChambersAfricaAwardsforExcellence.Wealsoreceivedthe2019awardsforTransportationandInfrastructureTeamoftheYearandTMTTeamoftheYearattheAfricanLegalAwardshostedby Legal Week andtheCorporateCounselAssociationofSouthAfrica.
Bowmans exists to help our clients overcome legal complexity and unlock opportunity in Africa. Our track record of providing specialist legal services, both domestic and cross-border, in the fields of corporate law, banking and finance law and dispute resolution, spans over a century.
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Our Footprint in Africa
WeprovideintegratedlegalservicesthroughoutAfricafromsevenoffices
(CapeTown,DaresSalaam,Durban,Johannesburg,Kampala,MokaandNairobi)infivecountries(Kenya,Mauritius,SouthAfrica,TanzaniaandUganda).Weworkcloselywithouralliancefirm,AmanAssefa&AssociatesLawOffice,inEthiopia,andourbestfriendsinNigeriaandMozambique(UdoUdoma&Belo-OsagieandTacianaPeãoLopes&AdvogadosAssociados,respectively).WealsohavestrongrelationshipswithotherleadinglawfirmsacrosstherestofAfrica.WearerepresentativesofLexMundi,aglobalassociationwithmorethan160independentlawfirmsinallthemajorcentresacrosstheglobe.Thisassociationgivesusaccesstothebestfirmsineachjurisdictionrepresented.
Mozambique
Kenya
Tanzania
South Africa
Nigeria
Uganda
Mauritius
Best friends
Bowmans offices
Significant transaction or advisory experience
Alliance firms
Ethiopia
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OurCommercialPropertyPracticeisattheforefrontofrealestateacquisition,developmentandfinanceacrossthelengthandbreadthoftheAfricancontinent.Wesuccessfullysafeguardtheinterestsofallindustryroleplayers,whethertheybedevelopers,landlords,lenders,propertyfundsortenants.
OurteamcomprisesadynamicgroupoftalentedrealestatelegalpractitionerssituatedinourvariousofficesacrosstheAfricancontinent.
OurgeographicalreachandourknowledgeoftherealestateindustrythroughoutAfrica,enablesustoprovidehands-onlegalsolutionsacrossawidearrayofmulti-jurisdictionaltransactions,ensuringseamlesscollaborationandsolutionstoeventhemostcomplexofprojects.
Bowmans in South Africa,
“is known for major property
developments, real estate
financing and investments”.
Bowmans in Kenya, has
“sound legal, industry and
commercial knowledge.”
– Legal 500, 2017
Our Commercial Property Practice
Bowmans provides an
“excellent service in terms
of response times, business
acumen/ industry knowledge,
appropriateness of advice,
strength in depth of team,
and value for money”.
Craig Schafer has “in-depth
knowledge” and “tenacity
in finding solutions.”
– Legal 500, 2018
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Our Specialist Services
PropertyCommercial
StructuringandPlanning
Development
Finance
FundFormation
DueDiligence
SectionalTitle
AcquisitionFinance
Leasing
Litigation
Tax
MixedUse
DevelopmentFinance
Freehold
Restructuring
AcquisitionsandDisposals
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Ourimperativeistoprovideindustryroleplayerswithpracticalandcost-effectivecounselthroughouttheproperty‘lifecycle’,fromstructuring,acquisition,development,tenantingandfinancing,throughtoeventualdisposal,drawingonthecollectiveexperienceofsomeofAfrica’sfinestrealestatelegalpractitioners.
ThecoreservicesofferedbyourCommercialPropertyPracticeinclude:
STRUCTURING AND PLANNING
Behindeverysuccessfulrealestateacquisitionordevelopmentliescarefulplanningandstructuring.Thehastetoacquireandbuildcanoftenresultintheomissionofthecrucialpreliminarystructuringandplanningstage.
We recognise the pivotal
role which careful structuring
and planning plays in every
successful real estate venture
and offer the full spectrum
of expert advice required
at the outset of every real
estate venture.
Ourservicesinclude:
• completingduediligenceinvestigationsaimedathighlightingpotentialrisksassociatedwithintendedventures(betheyenvironmental,taxrelatedordeficienciesintitle);
• undertakinganypreliminarydeedsregistryproceduresrequiredtomitigaterisksassociatedwithtitleidentifiedthroughduediligenceinvestigations(whetherthisinvolvestheremovalofincompatibleconditionsoftitle,therectificationoferrors
inholdingdeeds,orthecancellationofoutdatedservitudes);
• providingstructuringguidanceon,andsetupof,thevehicles(andassociatedunderlyingstructures)throughwhichtoacquireanddeveloprealestate(whetherbywayofjointventurecompanies,co-ownershipstructuresorring-fencedspecialpurposevehicles).Wepayparticularattentiontothepurposeoftheintendeddevelopmentandtheassociatedtaxconsequences;
• preparingandnegotiatingthefullsuiteofimplementationdocumentsrequiredtostructurearealestateventure(frominitialheadsoftermsormemorandaofunderstandingtojointventureorcollaborationagreements,shareholdersagreements,orco-ownersagreements);
• advisingonREITformationandstructuring;and
• structuringandimplementingoffshorepropertyfundownershipstructures.
ACQUISITIONS AND DISPOSALS
Theacquisitionofrealestatebyapurchaserveryoftenrepresentsafundamentalimplementationstepinarealestateventure’slifecycle.Conversely,foraseller,thedisposalofrealestaterepresentsthefinalchapterintheseller’srealestateventureinrespectofthatproperty.Bothsellerandpurchaserhaveimportantinterestswhichrequiresafeguarding.
Weensurethattheinterestsofourprincipal(whetherthesellerorthepurchaser)areprotectedinapracticalandsolutions-orientatedmanner.Werepresenttheinterestsofsellersandpurchasersonanon-goingbasisin:
• negotiatingtheacquisitionordisposalofrealestateassets;
• identifyingandmitigatingpotentialrisks;• advisingonthetaxandotherregulatory
consequencesflowingfromtheacquisitionordisposalofrealestate;
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• preparing,negotiatingandsettlingthefullsuiteofimplementationdocumentsrequiredtoacquireordisposeofrealestateassets(whetherthesaleorpurchaseisofindividualrealestateassetsorlargeportfoliosofrealestateassets);and
• implementingsalesoracquisitionsineffectingregistrationoftransferintheapplicableDeedsRegistry.
DEVELOPMENT
Thedevelopmentofrealestaterepresentsthephase,inthelifecycleofarealestateventurethatposesthegreatestrisktodevelopers.Successfulrealestatedevelopmentsneedtobeimplementedaccordingtotimetables(whichareoftentight)andbudgets(whichoftenhavesmallmargins).
Ouracclaimedrealestateexpertshavesuccessfullyassisteddevelopersinlaunchingmultipledevelopmentsontimeandwithinbudget.We:
• prepareandnegotiateallrequiredbuildingcontracts,developmentagreementsandend-usersaleagreements;
• advisedevelopersontheimplementationofresidential,industrial,retail,commercialandmixedusedevelopments;
• provideathoroughunderstandingoflandusagerights,zoningissuesandotherregulatoryhurdlesrelevanttodevelopments;
• establishsectionaltitleschemesandsimultaneouslyco-ordinatethetransferofmultipleunitstoend-users;
• effectanysub-divisions,consolidations,notarialties,registeranyservitudesoropenanytownshipregistersrequiredfordevelopments;
• structureandestablishpropertyownersassociationsandbodycorporatesandfractionalownershipstructures;and
• collaboratewithDeedsRegistriestoensureaseamlessregistrationprocessforlargebatchesofdevelopmenttransactions.
FINANCING
Withoutfinance,therecanbenosuccessfulacquisitionordevelopmentofrealestate.Realestatefinanciersarecrucialroleplayersinthelifecycleofrealestateassetsandareinvestedinensuringthesuccessfulimplementationofrealestateventures.
We represent most of the
leading real estate financiers
across Africa and ensure that
their interests are safeguarded
when providing acquisition,
development, term or
restructuring finance to real
estate investors, developers or
real estate funds.
Weprovideanintegrated,end-to-endservice.Ourinvolvementcommenceswithnegotiatingandpreparingdealandtermsheetsandcontinuesthroughdraftingandsettlingthefullsuiteofloanandsecuritydocumentation,auditingunderlyingsaleandleaseagreementsrelevanttotheventurebeingfinanced,attendingtotheregistrationofallregistrablesecurities(whethernotarialormortgagebonds)andmonitoringthefulfilmentofadvancepre-conditions.
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Wealsorepresenttheinterestsofborrowersseekingacquisition,development,termorrestructurefinanceandguidethemthroughthenegotiationandexecutionoftheapplicablefinancingandsecuritydocumentsinawaythattheycancommitwithfullknowledgeoftheliabilitiestheyareassuming.
LEASING
Fordevelopersandlandlords,leasingrealestaterepresentsacrucialphaseinrealisingtheseassets’potential.Itoftenformsthebasisuponwhichrealestateventureswillbefinanced.Ensuringtheintegrityofleaseagreementsconcludedwithanchortenantsortenantsotherwiseidentifiedasbeingcriticaltotheviabilityofarealestateventureiscentraltotherolewhichweplayinrepresentingtheinterestsoflandlordsanddevelopersinleasingrealestate.
WerepresenttheinterestsofmanyofthemostinfluentialpropertyfundsanddevelopersacrosstheAfricancontinentthroughouttheleasingprocessby:• draftingandnegotiatingindustrial,retailand
commercialleasesforvaryingdurations;and• executinglong-termleasesinnotarialform
andensuringregistrationintheapplicableDeedsRegistries.
LITIGATION
Therealestatelifecycleunfortunatelyoftenincludestheneedfordisputeresolutionservices.Afactoflifeisthatdisputesoverrealestateandbetweenpartiestorealestateacquisitions,disposals,developments,leasesandfinancingtransactionsarisefromtimetotime.
Ourrealestateexpertsworkwithourspecialistdisputeresolutionlawyerstoofferacost-effective,practicalandsolutions-baseddisputeresolutionserviceinrespectofrealestatedisputes.
We also represent the interests
of numerous retailers across
Africa in ensuring that their
interests, as tenants, and
the specific needs of their
businesses, are safeguarded
in the lease negotiation and
preparation process.
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AccoladesAFRICAN LEGAL AWARDS 2019Wewontwopracticeawards-forTransportationandInfrastructureTeamoftheYearandTMTTeamoftheYear.
CHAMBERS AFRICA AWARDS 2018
WewerenamedSouthAfricanLawFirmoftheYear.
DEALMAKERS SOUTH AFRICA AWARDS 2018
WewereplacedfirstfordealflowandthirdfordealvalueintheGeneralCorporateFinancecategory,andthirdfordealvalueandfourthfordealflowintheM&Acategory.
DEALMAKERS EAST AFRICA AWARDS 2018Wereceivedawardsinfiveoutofsixcategories:toplegaladviserinM&Aforbothdealflowandvalue,toplegaladviserinGeneralCorporateFinanceforbothtransactionflowandvalue,andadvisedontheDealoftheYear(theRubisEnergietakeoverofKenolKobil).
MERGERMARKET LEAGUE TABLES 2018WewererankedfirstbydealvalueandsecondbydealcountintheAfricaleaguetablesforlegaladvisors,andthirdbydealcountintheMiddleEast&Africaleaguetableforlegaladvisors.
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75 39 60Recognised Lawyers
Recognised Lawyers
Recognised Lawyers
BAND 1
KENYA
Banking&FinanceCorporate/M&AEmploymentIntellectualPropertyRealEstate
SOUTH AFRICA
CapitalMarkets:DebtCapitalMarkets:EquityCompetition/AntitrustCorporateInvestigationsCorporate/M&AEmploymentEnvironmentIT&TelecommunicationsProjects&EnergyPublicLawShippingTax
TANZANIA
GeneralBusinessLaw
UGANDA
GeneralBusinessLaw
BAND 2
SOUTH AFRICA
Banking&FinanceDisputeResolutionFintechMedia&BroadcastingRestructuring/Insolvency
KENYA
FintechProjects&Energy
CHAMBERS & PARTNERS 2019 RANKED US IN THE FOLLOWING AREAS
TIER 1KENYA
Financial&CorporateMining
SOUTH AFRICA
CapitalMarketsPowerM&AUGANDA
Financial&CorporateProjectDevelopment
TIER 2KENYA
PowerInfrastructure
SOUTH AFRICA
BankingInfrastructureMiningOil&GasProjectFinanceTANZANIA
Financial&Corporate
TIER 3TANZANIA
ProjectDevelopment
IFLR1000 2020 RANKED US IN THE FOLLOWING AREAS
TIER 1KENYA
Banking&FinanceCommercial,Corporate&M&AEmploymentRealEstate&Construction
SOUTH AFRICA
Commercial,Corporate&M&ACompetitionEmploymentProjects&InfrastructureShipping
TANZANIA
LeadingFirm
UGANDA
LeadingFirm
TIER 2KENYA
DisputeResolutionPrivitisation&Projects
SOUTH AFRICA
Banking&FinanceConstructionDisputeResolutionInvestmentFundsTax
THE LEGAL 500 EMEA 2019 RANKED US IN THE FOLLOWING AREAS
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To view profiles of our lawyers,
please visit www.bowmanslaw.com
Key Contacts
ALEX NJAGE
PartnerNairobi,Kenya
T:+254202899211E: [email protected]
DAVID MPANGA
PartnerKampala,Uganda
T:+256414254540E:[email protected]
CRAIG SCHAFERHeadofCommercialPropertyJohannesburg,SouthAfrica
T: +27116699468E:[email protected]
SAMANTHA SAFFY
PartnerJohannesburg,SouthAfricaT:+27116699391E:[email protected]
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Cape Town, South Africa
T:+27214807800E: [email protected]
Dar es Salaam, Tanzania
T: +255768988640E: [email protected]
Durban, South Africa
T: +27312650651E: [email protected]
Johannesburg, South Africa
T: +27116699000E:[email protected]
Kampala, Uganda
T: +256414254540E: [email protected]
Moka, Mauritius
T: +2304688411E:[email protected]
Nairobi, Kenya
T: +254202899000E:[email protected]
Follow us on Twitter:
@Bowmans_Law
www.bowmanslaw.com
Alliance Firm:
Aman Assefa & Associates Law Office, Addis Ababa, Ethiopia
T: +25114702868E:[email protected]