Ritz Attorneys’ Banking, Finance and Fintech team [the team] advised on USD 30 000 000-00 Tripartite Cross Currency Swap Facility Agreement [the Agreement] signed amongst Reserve Bank of Malawi [RBM], Ecobank Malawi Limited [Ecobank], and Ghana International Bank Plc [GHIB] intended to shore up Malawi’s forex reserves.
Tawela Msiska coordinated the team composing Lusungu Gondwe, Mwaiwathu Majawa and Lozindaba Mbvundula that provided legal opinions on salient parts of the transaction, reviewed facility letters, side-letters and agreements drafted by Hogan Lovells LLP – United Kingdom [international counsel] and prepared the Tripartite Cross Currency Swap Facility Agreement itself.
Our Banking, Finance, and Fintech team acts for and advises lenders, [corporate] borrowers, and intermediaries in domestic and/or multi-jurisdictional financing arrangements including syndicated facilities, all manner of structured trade facilities, asset finance, project finance, and currency swaps. The team also advises on the regulatory terrain for such transactions in Malawi. The team has remarkable experience [litigation, arbitration, and mediation] in settlement of disputes ensuing out of banking, finance, and fintech transactions.