John W Ffooks & Co - Strategy | Investment | Law > Africa
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Benin - Overview

We now cover Benin.

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Benin - Experience

LPG Import Terminal Acquisition

We assisted a major commodities trading group in the acquisition of an LPG terminal in the port of Cotonou, Benin. We reviewed the whole regulatory environment for investment generally and specifically in the downstream petroleum sector, as well as the maritime/port sector. We reviewed all relevant documents provided by the seller and completed a very detailed due diligence report. We further drafted all the in-country transaction documents necessary to finalise the transaction and supervised completion. We are currently assisting the client with the release of existing security as a CP to disbursement, and will continue by registering clients own security over certain project assets.

Telecom Towers Acquisition – 6 Jurisdictions

We acted for a Gulf-based telcoms provider in its investment into a tower-sharing business in six jurisdictions across the OHADA region including Benin. We reviewed the whole regulatory environment for investment generally in each of the six countries, and specifically in the telecommunications sector. We have reviewed the process for licencing as well as the administrative framework within each country in detail. We produced a detailed due diligence on the target and its in- country operations, followed by incorporation of local subsidiaries and transfer of assets to NewCo, jurisdiction by jurisdiction.

International Outsourcing Service Provider

We have assisted this world-leading service provider of consulting services to the IT industry in setting up in Togo. We have advised on company incorporation, outsourcing procedure and detailed employment and employee tax advice. We are assisting with employee notifications and transfers as well as all the relevant registrations and procedures.

Environmental Legislation – Magic Circle law firm

We have reviewed and analysed all the environmental legislation in Togo, especially that relevant to large scale projects and infrastructure development. In particular we studied sponsor liability, transfer and assignment of liability, indemnities and end of project-life cleanup obligations.

Branch Establishment - International IT Consulting Firm

Acting for one of the world’s largest IT consulting firms, we advised on procedure for establishing a branch in Togo, applicable tax rules, rules on repatriation of funds, foreign control and ownership, employment law and land ownership.

Employee Benefits – Share Schemes Plan

Acting for this international sector consultant, we advised on the in-country rules for setting up and running an international share scheme from the client’s home country of incorporation. We also advised on the practicalities of registering each individual interest with local regulators.

Banking Regulation - Major International Bank

We have assisted a major international bank in determining its in-country rules for opening bank accounts and offering ?nancial services. This involved a review of the regulatory environment, legislation and industry rules, as well as speaking to industry players in-country to determine established practice.

M&A Mergers + Security Legislation – Magic Circle law firm

We have reviewed and analysed all the legislation in Togo concerning host-country control over international mergers and acquisitions, as well as studying the ease (or otherwise) of taking security. In particular we studied merger approvals, transfer of undertakings, registration procedures and ease of realisation of security.