Cote d'Ivoire enjoys a good export status, and is currently the leading producer and exporter of cocoa beans. As such, the economy is impacted by world market prices. The government has made efforts to diversify the economy, and in recent years the economy increasingly relied more heavily on oil and gas production.
Political unrest continues to dog the economy, which has stilted foreign investment somewhat, although GDP grew by 3% in 2009.
The legal system echoes its French colonial roots, and is primarily based on the French civil law system.
The Firm recently conducted a review of banking regulation for an international bank, and a review of the telecommunications sector for a US-based telcoms company.
The Firm has conducted a major review of the power generation sector from the viewpoint of an international independent power producer (“IPP”). This has been published in conjunction with Trinity LLP at http://www.africapowerguide.com/countries-16
The Firm is currently acting on a major due diligence exercise for a French-based multinational acquiring assets across the region.
We have also conducted a detailed due diligence of mining assets in the country for a Canadian finance house, including seconding staff from our Head Office to oversee the matter.
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