CHAMBERS GLOBAL 2020 AFRICA-WIDE

Herbert Smith Freehills is pleased to announce that the firm’s Africa practice has once again performed strongly in the 2021 edition of Chambers Global & Partners, with continued top tier rankings in the following Africa-wide categories: Band 1 for Africa-wide: Projects & Energy for the 13th consecutive year Band 1 for Africa-wide: Projects & Energy: … Read more

THE EVOLUTION OF CLASS ACTIONS IN SOUTH AFRICA

Unlike development driven by legislative reform, the evolution of the common law through the process of judicial precedent takes time. Here, development only occurs when the courts are seized with a case worthy of an evolutionary push and this means that, even when deficiencies in the law are self-evident, one has to wait for the … Read more

THE COMPLEX COMMERCIAL LITIGATION LAW REVIEW: SOUTH AFRICA

Overview In South Africa, a contract forms the basis of enforceable legal obligations and corresponding rights between two or more contracting parties. The South African law of contract is not codified, but finds its source in the common law, which changes and adapts over time. Contractual claims are easier to enforce where a written contract … Read more

MEDIA COMMENT BY PETER LEON (PARTNER AND AFRICA CO-CHAIR AT HERBERT SMITH FREEHILLS) | 2021 STATE OF THE NATION ADDRESS

The COVID-19 pandemic has had a devastating impact on the South African economy. According to the World Bank’s most recent Global Economic Prospects Report (published last month; here) South Africa’s Gross Domestic Product (GDP) likely contracted by 7.8 per cent in 2020. This is three times more than the average contraction experienced in other Emerging … Read more

AN INTERVIEW WITH HERBERT SMITH FREEHILLS LLP DISCUSSING M&A IN AFRICA

Lexology GTDT Market Intelligence provides a unique perspective on evolving legal and regulatory landscapes. This interview is taken from the M&A volume featuring discussion and analysis of legal developments, keynote deals as well as an insight into typical transactions within key jurisdictions worldwide. 1. What trends are you seeing in overall activity levels for mergers … Read more

HERBERT SMITH FREEHILLS ADVISES SENIOR LENDERS ON US$40M SENIOR FINANCING FOR THE ACQUISITION OF AN INTEREST IN OML 17 ONSHORE NIGERIA

Herbert Smith Freehills has advised the senior lenders, including ABSA Bank Limited, African Export-Import Bank and Standard Chartered Bank, on the US$450 million senior financing of the acquisition of an interest in OML 17, a Nigerian onshore asset. The transaction, which concludes an acquisition process that began in 2017, sees the acquisition by TNOG Oil … Read more

HERBERT SMITH FREEHILLS ADVISES THE KINGDOM OF SAUDI ARABIA ON ITS NEW MINERAL LAW REGIME, A GAME CHANGER FOR THE SECTOR

Leading global law firm Herbert Smith Freehills has advised the Saudi Ministry of Industry and Mineral Resources on the entire suite of implementing regulations and guidelines supporting the recently promulgated New Mining Investment Law, 2020 (the New Law) which came into effect in January 2021. The mineral law reform programme forms part of the Kingdom … Read more

AFRICA M&A OUTLOOK 2021

The following brief discussing our M&A predictions in Africa in 2021 accompanies our latest global M&A report, M&A in 2021, which you can download here. Covid and its consequences   It is still too early to know the full impact of COVID-19 given the heterogeneity of the continent, the uncertainty surrounding the evolution of the pandemic … Read more