Banking
Elite Law Firm advises and assists its clients in the preparation and submission of applications for approval of title for credits establishments, in particular banks, savings and credit cooperatives, savings funds, specialized financial companies and financial messaging.
Elite Law Firm advises and assists its clients, credit institutions, in the process of restructuring credit institutions.
Elite Law Firm closely monitors the banking and financial regulations and usefully advises its clients on legal issues relating to the foreign exchange regulation, management of banking activities and microfinance, financial messaging, foreign exchange offices, credits, the oversight of financial intermediaries (prudential standards) for management, regulation on the fight against money laundering and financing of terrorism.
Elite Law Firm advises and assists its clients (credit institutions) for the implementation and realization of security rights, for the granting of credits. This includes pledging, mortgages, irrevocable direct debits of payments and drafts, (letter of exchange, promissory notes, notice of protest). We also intervene for debt collection.
Elite Law Firm also provides assistance for debts collection.
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Our Achievements
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- TRANSACTIONS
Click the “Transactions” tab above to view Elite Law Firm’s achievements in the area of Banking.
Transactions
Legal advice and assistance
Elite Law Firm’s experts have provided:
- Legal advice and assistance to a commercial bank in the DRC placed under provisional judicial administration by the regulatory authority for its restructuring;
- Legal advice and assistance to an international financial institution headquartered in Egypt, the Pan-African Investment Bank, in connection with the financing of the deployment of a telecommunications network in the DRC for a value of USD 40 million;
- Legal advice to a Congolese bank in the mechanisms for increasing its share capital to the minimum set by the Congolese Central Bank;
- Due diligence for a Chinese bank for exploration and production permits in connection with the financing of an oil and gas project in the Republic of Congo;
- Advice and assistance to an international bank in the capacity of mandated lead facilitator, facility agent and documentation bank for a USD 200 million reserve-based loan facility for an international company in connection with the Marine XII Oil Block in the Republic of Congo;
- Legal advice and assistance to an American investment bank on the legal capacity of a Congolese company and the enforceability of a contract entered into in connection with the issuance of bonds for the financing of a USD 600 million investment in the Republic of Congo and other African countries;
- Legal advice and assistance to a Turkish bank in the negotiation and signature of a credit agreement in the amount of EUR 197 494 152 for the financing of a business center in the Republic of Congo;
- Legal advice and assistance to a company from the United Arab Emirates in connection with a contract for the development, construction and operation of a 131.328 MW power plant valued at USD 75 million and a contract for the sale of electrical energy in the Republic of Congo;
- Legal advice to a bank in the DRC in connection with a contract for the partial transfer of its activities in the context of an international transfer of funds. The value of this transaction was USD 715 million;
- Legal advice to an African international bank in the financing of credit lines to an African multinational group in the telecommunications sector. Preparation and registration of three pledge agreements for a bank account, turnover and shares respectively in 2016 and 2018. Amount of the transaction: 355 million USD;
- Legal advice to a bank in the DRC, initiating simplified debt collection procedures under OHADA law. Amount recovered: USD 82 million;
- Advice and assistance to a Congolese bank in the transfer of operating rights of the Western Union financial messaging service to a financial messaging company.
