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DEPARTMENT PROFILE

ǼLEX

Banking & Finance

1 ranked lawyersBand 3NigeriaGlobal 2021 View ranking table
chambers review
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Ranked Lawyers
chambers review
department information
Ranked Lawyers

Chambers Review

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What the team is known for

Solid team with significant experience acting for lenders and borrowers on structured financing and derivatives transactions. Also advises on investments and regulations, as well as handling disputes. Client roster includes domestic and international companies. Offers additional knowledge of project financing.

Work highlights

Advised AFEX Commodities Exchange on a USD2.5 million equity financing.

Notable practitioners

Market sources describe Lawrence Fubara Anga as "a very, very competent lawyer and a hands-on lawyer." Head of the firm's banking and finance practice group, he is active on a variety of investment mandates and provides clients with regulatory advice.

Department Information

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Overview


ǼLEX is regularly consulted on corporate/project finance matters for projects in the oil, gas, telecommunications, manufacturing and aviation sectors. We advise on financing structure, subordination and credit issues, tax aspects of transactions and regulatory approvals/compliance issues. We assist our clients on such issues as investment and divestment, foreign exchange remittance and restrictions, recording and disclosure requirements, taking effective security whilst minimizing costs, and insolvency.

We represent lenders and borrowers including leading international financial/lending institutions, brokerage and investment companies and other financial institutions. Recent landmark transactions include representation of the security trustee on a US$ 500 million letter of credit and syndicated facility to finance the purchase, storage and sale of refined petroleum products and liquefied petroleum gas in Nigeria by a Geneva based oil trading company. ǼLEX represented lenders in a $1.2 billion dollar syndicated project financing for the development of mobile network infrastructure. We were consultants to an international steel conglomerate on a N 26billion steel project; advised in relation to working capital facilities obtained from banks; also negotiated the security documentation with a syndicate of banks in respect of $100m facility; further advised on N7bn facility from a commercial bank and restructuring of a N22bn facility from a consortium of Nigerian banks.



Members
Banking & Finance

ǼLEX

firm
Location

4th Floor, Marble House

1 Kingsway Road, Falomo

PO Box 52901, Ikoyi

Lagos

Lagos

Nigeria

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Articles, Highlights and Press Releases

Total 1 Articles, Highlights and Press Releases

Ranked Lawyers

Chambers Research is conducted by 200 Research Analysts, across 200 jurisdictions and provides nearly 6,000 rankings tables. Annually we collect hundreds of thousands of responses from clients, the majority via in-depth interview. Learn more about our methodology.

Nigeria

Banking & Finance


Lawrence Fubara Anga
Band 2