Restructuring
We have an experienced and agile team that is dedicated to receivership, administration, liquidation, corporate insolvency, restructuring, and an experienced team of professional collectors working exclusively on debt recovery matters.
For many companies confronted by business challenges, the path to financial viability – through court or not – can be convoluted. The legal know-how required and the multitude and variety of actors involved make bankruptcy and restructuring a rather complex affair. Our restructuring attorneys are adept at transactional work and litigation across a range of areas like Mergers &Acquisitions, securities, banking, labor and employment law, environment, tax and Intellectual Property, investigations and asset tracing.
Our team believes and operates on the core philosophy that every business ought to be given an opportunity to retain its value by helping it weather the storm. Restructuring is a type of corporate action taken that involves significantly modifying the debt, operations or structure of a company as a way of limiting financial harm and improving the business. Our actions are intended to create value for all the stakeholders, debtors and creditors alike.
Steering clients through the various debt management processes and stages, often requires a creative and innovative approach. Our team focuses on the commercial aspects of the corporate insolvency, receivership and restructuring and become a counselor to clients. We help our clients to go from a place of trauma to a place of strength.
In addition to helping debt stressed companies, our experienced team supports Companies to restructure in preparing for a sale, buyout, merger, change in overall goals, or transfer of ownership.
When the sometimes challenging process of restructuring ends, the company should ideally be left with smoother, more economically sound business operations.
Milestones
- Perfected securities for numerous financial institutions in Uganda.
- Provided a bank with Project Management work worth USD 15 million.
- Represented a bank in relation to Revolving Trade Finance Line of Credit facilities worth USD 10 million to Uganda Development Bank.
- Acting as local law advisors on a USD 150 million facility to an international telecommunication company from a number of financial institutions with Deutsche Bank as agent.
- Advising a company on a facility of USD 21 million extended to it by a funding partner for the construction of a hydro power plant in Western Uganda.
- Advised an agricultural company on a loan worth USD 175 million from a bank.
- Advising on various facilities and securities by Standard Chartered Bank Uganda to its various Ugandan entities.
- Recovered over USD 5 million on behalf of Standard Chartered Bank Uganda, arising from secured debt facilities.
- Advised on and concluded a creditors’ winding up on behalf of a confidential client.
- Advised Centenary Rural Development Bank on the acquisition of a 10% stake in the Bank by Rural Impulse Fund II/ RIF- North1, a company managed by INCOFIN Investment Management.
- Advised SAB Miller on its acquisition of Rwenzori Bottling (U) Ltd, a leading mineral water producer and its subsidiary Plastics Recycling (U) Ltd.
- Advised Orient Bank in connection with the acquisition of 70% of its share capital and its subsidiary by Sabre Capital Limited and co-investors.
- Advised Sanlam Developing Markets in acquiring majority stake in Niko Insurance Uganda Limited.
- Advised MTN International Mauritius Limited in the sale of 6% of its shareholding in MTN Uganda Limited through a private placement.
- Advised Global Environment Fund on a US$ 4million loan to Global Woods for restructuring of the company. The loan is to be converted into equity and the Fund will commit additional investment.
- Advised a confidential client on an acquisition of a conglomerate that operates in the East African region engaged in the supply of auto parts.
- Advised Saipem International BV in structuring an acquisition of Habib Oil’s 49% shareholding in Saipem East Africa Limited by its subsidiary, Snamprogetti Netherlands BV.
- Recovering a facility on behalf of Orient Bank Limited over 13 Billion Uganda Shillings.
- Recovering facilities on behalf of NCBA Bank Uganda Limited over USD 2 million and
- Recovering facilities on behalf of NCBA Bank Uganda Limited over UGX. 3 Billion.
Articles on Restructuring
ATC Uganda Ltd. Vs Uganda Revenue Authority
Tue May 26, 2020
Airtel Uganda Ltd. Vs Uganda Revenue Authority
Thu May 21, 2020
Restructuring Experts
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