OFFICE DESCRIPTION
Mauritius Office
7th Floor, Happy World House 37, Sir William Newton Street Port Louis 11328 Mauritius
T: +230 203 4300 F: +230 210 8792 E: [email protected] OFFICE DESCRIPTION
OVERVIEW
Appleby was the first global, offshore law firm to provide legal services from the Republic of Mauritius. “We also have a
We focus on investments into emerging African, Indian and Asian dedicated rapidly markets through general corporate work for our international clients. growing Dispute The importance of Mauritius as a gateway for investment into Africa was highlighted in the 2016 annual ‘Doing Business’ report from the Resolution team World Bank. In the report the Bank identified Mauritius as Africa’s ’Most Business Friendly Country’. The objective of the report is to assist who deal with the governments and potential investors ascertain how easy it is to create startups and investment opportunities across the world. full spectrum of
Our clients are diverse, ranging from banks and state owned enterprises, commercial and civil to investment funds, listed companies and high-net-worth individuals. They come to us for help and advice that reaches across more than disputes including eight offshore jurisdictions: expert advice that is delivered in a timely and commercially-minded way, and is always set in the context of client trust issues” understanding how to do business in India, Asia, or Africa.
Our legal practices have consistently earned top-tier ranking in leading publications such as Chambers Global and IFLR 1000.
Why does that make us an adviser of choice? Simply put, our teams of lawyers and other professionals help clients meet their commercial objectives however complex and whatever the aim, whether it be to grasp an opportunity, manage an unforeseen challenge or to improve business performance.
Clients come to us because they know they will get the dual benefits of:
■ Peace of mind that Appleby delivers the right results for their business through its deep seated expertise
■ Efficiencies delivered because instructing Appleby means they only have to go to one offshore provider.
2 OFFICE DESCRIPTION
WHY APPLEBY LEGAL SERVICES
■ We understand the complexities of doing business Our lawyers advise on all aspects of Mauritius law. in the African, Asian and Indian markets This includes the establishment of investment funds, special purpose vehicles and structured finance, The Mauritius office focuses on investment into insurance companies and insurance products, emerging African, Indian and Asian markets securitisation, financing transactions and public through general corporate and commercial work and private holding companies. Our team can also for our international clients facilitate the provision of legal advice in Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, ■ We have an unparalleled presence offshore. This the Isle of Man, Jersey and the Seychelles. means clients don’t have to manage a large group of advisers for complex, multi-jurisdictional Areas of Practice matters and projects ■ Banking & Asset Finance No other offshore firm operating in Africa, India ■ Commercial Dispute Resolution and Asia can compete with the quality of our ■ Corporate Finance advice, network of offices and the depth of our ■ Energy & Resources resources or service ■ Funds Disputes ■ Funds & Investment Services ■ Our relationships with leading onshore/offshore ■ Insolvency & Restructuring firms in our region are unrivalled. We pay careful ■ Insurance attention to this, ensuring clients receive a ■ Insurance & Reinsurance Dispute Resolution cohesive approach to their matter that has both ■ Islamic Finance onshore and an offshore element ■ Private Client & Trusts ■ Property & Construction Litigation We have a dedicated client relationship programme ■ Segregated Portfolio Structures with our counterparts in the leading onshore firms ■ Structured Finance ■ Trust & Estate Litigation ■ We offer local, regional and international expertise in Mauritius through a one firm approach. Our clients can access advice in their relevant time-zone. They also benefit from our global network of people who provide advice and services in the most efficient way
We are one of the only offshore firms in Mauritius that has the ability to provide a bespoke team for each matter with expertise from across our global network of offices
■ Our lawyers in Mauritius are fluent in English and French.
“Our clients are diverse, ranging from banks and state owned enterprises to investment funds, listed companies and high net worth individuals.”
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REPRESENTATIVE WORK
JP Morgan Morgan Stanley Royal Dutch Shell Plc
Acted as Mauritius counsel to JP Acted as Mauritius counsel to Acted as Mauritius counsel Morgan in connection with credit a consortium led by Morgan to Royal Dutch Shell Plc in financing to Bain Capital Partners Stanley in connection with connection with the sale of its for the acquisition of computer the acquisition of a 44% stake downstream African businesses, in the power generation and services company, Genpact valued at US$1bn, as part of a engineering services firm, Asian Limited (NYSE: G), from General Genco, for US$425m. programme of sales of its non- Atlantic and Oak Hill Capital core operations. Partners, for approximately US$1bn.
Emerging Africa Infrastructure Consortium of Banks O3b Networks Fund Acted as Mauritius counsel to Acted as Mauritius counsel for Acted as Mauritius counsel to a consortium of banks in O3b Networks in connection the Emerging Africa connection with a US$600m loan with its US$1.2bn financing of Infrastructure Fund in to Indonesian miner PT Bumi a series of satellites to create connection with a $35m loan to Resources Tbk, for the pre- a global internet backbone and Industrial Promotion Services payment of part of its US$1.9bn support super-fast broadband (Kenya) Ltd (IPS), enabling IPS six year loan from the leading connections to service customers to transfer its equity investment sovereign Chinese wealth fund, across 150 countries including in the US$600m Seacom project, China Investment Corporation. Africa and other emerging the first undersea fibre optic cable markets. project along the east coast of Africa.
Renascer Ltd. Aspen Global Ecobank Capital
Acted as Mauritius counsel to Acted as Mauritius counsel Acted as Mauritius counsel to Renascer Ltd. (Renascer), a for South Africa’s leading Ecobank Capital in connection Mauritius incorporated special pharmaceutical company, Aspen with a US$202m syndicated purpose vehicle owned by the Global, in connection with its credit facility to IHS Holding Republic of Mozambique, in acquisition of Australia’s Sigma Limited (IHS), Africa’s largest connection with the refinancing Pharmaceuticals Limited (listed independent mobile infrastructure of a US$800m loan, arranged on the Australian stock exchange) provider, to finance IHS’s to restructure Hidroeléctrica de for US$900m. acquisition of MTN Group Cahora Bassa S.A.R.L., whereby Limited’s 1,757 mobile network Renascer acquired further shares towers in Cameroon and Côte in Hidroeléctrica de Cahora Bassa d’Ivoire. S.A.R.L. from the Government of Portugal.
4 OFFICE DESCRIPTION
REPRESENTATIVE WORK Cont’d
African Equity Partner 1 Pacific Century Group Rio Tinto Limited Limited Acted as Mauritius counsel to Acted as Mauritius counsel to Acted as Mauritius counsel Pacific Century Group in Rio Tinto Limited in connection in connection with the connection with its acquisition of with the acquisition of Riversdale establishment, registration and launch of African Equity AIG’s investment management Mining Limited (a coal mining Partner 1 Limited, a US$500m business (spanning 32 countries company listed on the Australian private equity fund. The fund and managing approximately Stock Exchange and operating makes material unlisted equity US$88.7bn of investments of in Africa), and some of its and equity-related investments institutional and retail clients) for subsidiaries. principally in established, stable US$500m. companies with strong growth prospects in Southern Africa, with an emphasis on South Africa.
American International Group Lehman Brothers Opportunity Sodexo SA Inc. Limited Acted as Mauritius counsel Advised American Advised Lehman Brothers for Sodexo SA in relation to International Group Inc. Opportunity Limited, in the purchase of Indian-based (AIG) in connection with the relation to applicable insolvency Radhakrishna Hospitality broad set of actions, taken proceedings (both involuntary Services Group, which services in cooperation with the U.S. and voluntary winding-up) a prestigious client base in 22 Department of the Treasury and and directors’ duties advice states and employs 20,000 people in more than 1,000 sites the Federal Reserve Bank of New under Mauritius law, following across India. York (FRBNY), with respect to a US$400m creditor action the US government US$80 to initiated in the United Kingdom. US$85bn investments in AIG through FRBNY.
BNP Paribas Glencore International Ag JP Morgan Cazenove
Acted as Mauritius counsel to Acted as Mauritius counsel to Mauritius counsel to JP Morgan BNP Paribas in connection with a Glencore International Ag Cazenove (the Sponsor) on US$155m Credit Facility to Puma with respect to the establishment Heritage Oil Plc and Heritage Energy Southern Africa Holdings of a joint venture between AIM- Energy Middle East Limited’s LLC, as part of its US$296m listed Masawara Plc and Alveir acquisition of a 26% interest in acquisition of BP’s downstream Management Ltd, in connection the production sharing contract oil businesses in South and East with Masawara Plc’s acquisition for the Miran Block in Iraq, and Africa. of BP & Shell Marketing Services a corresponding interest in the Zimbabwe. related joint operating agreement to Genel Energy plc (Genel) for cash consideration of US$156m and receipt of a US$294m exchangeable loan from Genel.
5 OFFICE DESCRIPTION
REPRESENTATIVE WORK Cont’d
Intelsat Corporation - New Stanbic IBTC Bank Plc - RascomStar-QAF Dawn Distribution/Satellite Standard Bank of South Africa Acted as Mauritius counsel for Acted as Mauritius counsel to Acted as Mauritius counsel to Intelsat Corporation, New the RascomStar-QAF, the Pan- Stanbic IBTC Bank Plc and Dawn Distribution Company African satellite operator with Standard Bank of South Limited and New Dawn respect to a US$111m facility Africa in connection with a Satellite Company Limited for the financing and launch US$48.6m debt facility to Gruppo in connection with a US$215m of a second satellite for the Investments Nigeria Limited/Actis telecommunications satellite African region. The financing for the development of the Ikeja financing dedicated to supplying was composed of a consortium Mall in Lagos. telecommunications services to of banks including the African Africa. Development Bank.
Borneo Investment Group Inc. Hinduja Global Solutions Inc. Axis Bank Spirax B.V Acted as Mauritius counsel to Advised Hinduja Global Acted as the Mauritius (and Borneo Investment Group Inc. Solutions Inc. in connection Isle of Man counsel) to Axis and Spirax B.V in connection with infusion of equity/debt Bank, Hong Kong Branch in with the sale of 100% of into 101477 P.E.I. Inc for the connection with a US$50m Letter the shares in their Mauritian acquisition of shares in On-Line of Credit Facility Agreement to incorporated subsidiaries (who, in Support Inc for CAD75m. the AIM-listed KSK Power Ventur turn, hold quotas in Minas Moatize Plc (KSKPV). KSKPV, through Limitada, a Mozambique mining its BSE & NSE-listed Indian company) to BHR Mining Limited. subsidiary, KSK Energy Ventures Limited, operates a power project development company in India, with interests in multiple power plants across India.
Standard Bank Plc - Standard Chartered Bank Acted as Mauritius counsel to Standard Bank Plc and Standard Chartered Bank on a US$40m loan Helios Towers Ghana Limited (HTG), to fund the improvement of mobile telecom towers owned by HTG and the acquisition of new tower sites. HTG is a direct subsidiary of Helios Towers Africa, Ltd. and has agreed to acquire approximately 750 towers from Millicom Ghana Company Limited.
6 CONTACT US
Malcolm Moller Yahia Nazroo Managing Partner, Mauritius Partner Corporate Dispute Resolution +230 203 4301 +230 203 4313 [email protected] [email protected]
Sharmilla Bhima Dushyant Ramdhur Partner Partner Corporate Dispute Resolution +230 203 4323 +230 405 4378 [email protected] [email protected]
ABOUT APPLEBY
Appleby is one of the world’s leading offshore law firms. The Group has offices in the key offshore jurisdictions of Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Isle of Man, Jersey, Mauritius, and Seychelles, as well as a presence in the international financial centres of Hong Kong and Shanghai.
With over 470 people, including lawyers and professional specialists, across the Group, Appleby delivers sophisticated, specialised services, primarily in the areas of Corporate, Dispute Resolution, Private Client and Trusts, Regulatory and Property. The Group advises public and private companies, financial institutions, and high net worth individuals, working with these clients and their advisers to achieve practical solutions, whether in a single location or across multiple jurisdictions.
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