Financial Services

At John W Ffooks & Co, we divide our Finance Practice into two parts – Transactional and Regulatory. Our transactional side advises on corporate finance, bank lending, secured lending and project finance deals. We have considerable experience in advising on term sheets, commenting on loan agreements from a local law perspective, advising on the taking and giving of security (as well as realising the same), drafting local law loan and security agreements and other supporting documentation, as well as papering all the local elements of an international finance transaction. Our regulatory side advises on the procedures for establishing financial institutions in the region, issuing new financial products, advising on the regulatory aspects of financial-based M&A transactions, commenting on close-out and netting provisions in ISDA and other similar documentation, advising on bankruptcy risk and procedure as well as issues of sovereign immunity. A selection of our experience is set out below. We would be delighted to discuss how our experience could any matter or transaction, on a no-names basis.

38 Matters
Ensuring insurance is done the Ivorian way.

Advised major Swiss reinsurer on reinsurance law in Ivory Coast

A major Switzerland-based reinsurance provider was interested in offering services in Côte d'Ivoire. We advised on Ivorian rules for... More

Acting for credit division of leading European telco manufacturer

Vendor Financing of €20m Installation and Expansion in Telecommunications Sector

Acting for the Credit Division of a leading European telcoms manufacturer, we advised on its vendor financing of and approx €20m... More

Banking regulation across 5 jurisdictions

Advising Leading International Bank on Regulation across 11 jurisdictions

We advised a leading international bank on regulatory aspects of retail banking across the Francophone region, including banking licences,... More

Advice on establishing a bank in Madagascar

Advising leading international bank on regulations establishing a bank in Madagascar

We advised a leading international bank on the rules and regulations surrounding establishing a bank in Madagascar, obtaining a banking... More

US$18bn eel farm financing

Advising South African Development Finance Institution on US$18m Secured Debt Financing

Advising a development finance institution in South Africa on its US$18m financing of an eel farm in South East Madagascar. We reviewed... More

Closing out merchant bank

Acting for Major Merchant Bank on Close Out/Netting & Sovereign Immunity Opinion

Acting for a major “Bulge Bracket” bank we advised on ISDA based transactions in Ivory Coast and Senegal. We reviewed in detail... More

Card rollout in CAR and Madagascar

Advising Major International Charge Card Issuer on new Credit Card Issuance

We advised a major card issuer on the rollout of its new card product in the Central African Republic (CAR) and Madagascar. We reviewed... More

Exercising security in CAR

Banking Opinion for a Major US Financial Institution in Central African Republic

We were asked to provide an opinion to this major US finance house on taking and exercising security in the Central African Republic (CAR),... More

Multi-jurisdictional banking regulation s

Assisting a Major International Bank with Banking Regulation in 14 Countries

We have assisted a major international bank in determining its in-country rules for opening bank accounts and offering financial services... More

US$85m short term revolving credit facility

Advising on US$85m Revolving Credit Facility in Madagascar

Acting for an oil and gas company operating in Madagascar, we advised on their US$85m short term revolving credit facility. Issues involved... More


Financing industrial-scale farms in Madagascar

Assisted with US$18M project financing for Malagasy eel farm

A Southern-Africa-based development bank intended to provide US$18M in funding for a Malagasy eel farm. They retained John W Ffooks... More

Making complex banking law simple with custom-made guides

Thorough review of customer-facing financial guide for major British financial institution in Ivory Coast

We reviewed a client-facing guide on licensing and regulatory compliance for cross-border dealing in certain financial products to Ivorian... More

Expanding your bank to new countries

Served leading financial services group on expansion to Ivory Coast

We were retained by one of South Africa's largest financial services groups for expanding their offices to Ivory Coast. We advised... More

Working with your wealth management firm in Africa

Assisted wealth management firm on Ivory Coast-based derivatives transactions

Our team provided assistance to a wealth management firm on a questionnaire involving ISDA derivatives transactions... More

Bolstering Bulge Bracket bank for their ISDA transactions

Worked for Bulge Bracket bank on ISDA transactions in Ivory Coast & Senegal

We were honoured to work for a Bulge Bracket bank on Ivorian and Senegalese ISDA-based transactions. We reviewed for them: Procedures on... More

Securing quality securities law advice in Chad

Counselled foreign bank on providing securities products in Chad without physical presence

John W Ffooks & Co guided a Canadian bank on Chadian securities law. The bank did not want a physical presence in Chad, but wanted to... More

Legal counsel for your cross-border banking needs

Served banking business on cross-border leasing & financing in Senegal

Our counsel assisted a banking company on cross-border leasing and equipment financing for one of their Senegalese... More

Facilitating major transactions in Ivory Coast

Assisted borrower in major transaction in Ivory Coast

We provide advice on Ivorian law to a borrower in negotiations with a lender on a transaction, following the establishment of an in-house... More

Planning retail banking services? We can help with the legalities

Retained by High Street bank for retail banking in Senegal

We assisted a major United Kingdom High Street bank on the marketing and sale of retail products in Senegal. Our advice focused on the... More

Ensuring your ISDA transactions close

Served major bank on interest rate derivatives and ISDA transactions in Senegal

A major merchant bank, engaged in currency swaps with a sovereign counterparty, sought our counsel on closing ISDA transactions with... More

Managing your collateral in Africa

Assisted English law firm on collateral management & warehousing in OHADA & Madagascar

We were pleased to counsel a London-based law firm on warehouse receipt financing as well as collateral management systems in Madagascar... More

Getting retail banking right in francophone Africa

Advised major international bank on retail banking in francophone Africa

We were pleased to assist a leading international bank on a number of tasks. Namely: Regulatory compliance for retail banking in... More