|
UDOM AND UDOM Securities and Corporate finance practice has witnessed a rapid growth over the past few years spanning through such areas as public offerings of equity, debt and asset-backed securities, debt/equity swaps, and rights offerings. In addition to public offerings, the firm has vast experience in private placements of equity, asset-backed and other debt securities, representing issuing houses, placement agents, stockbrokers and purchasers. Our corporate attorneys have extensive expertise in all areas of regulatory compliance including SEC registration, CAC registration, NSE registration, NCC registration, FAAN regulations, Nigerian Investment Promotion Commission Regulations, Foreign Exchange (Monitoring & Misc. Provisions) Regulations, BOFID and CBN regulations. We have in this regard been involved as Solicitors in the Capital Market Issues of Omegabank Plc, Aviation Development Company Plc, Co-operative Development Bank Plc and the Nigerian International Growth Fund, managed by Fidelity Bank Plc. We acted as transaction lawyers in some bank mergers during the banking reform exercise by the Central Bank of Nigeria. The firm has assisted several foreign investors in investment and divestment plans and has been involved in numerous loan workouts of all sizes, re-organisations, restructurings and other creative solutions to financial problems. In 1996 our firm was appointed advisers to Rhone-Poulenc Rorer, one of the largest Pharmaceutical Company in the world, with regard to its proposed divestment from May & Baker Nigeria Plc. We were involved in all aspects of negotiations between the Paris Headquarters of RPR, May & Baker, UK the Securities and Exchange Commission in Lagos, the Nigerian Stock Exchange, the local stock brokering house and the Standard Chartered bank (Escrow accounts Managers) in London. We were also involved in drafting of a Memorandum of Understanding, Trademarks Assignment, Escrow Agreement, Processing Agreement, Agreement to use Trademarks, License Agreement and Co-operation Agreement. We also acted in the capacity of custodians of the 18,098,506 ordinary shares beneficially owned by RPR throughout the duration of the negotiation. We reviewed and advised on several documents and letters including the Memorandum and Articles of Association of May & Baker Nigeria Plc., and represented RPR in related litigations. |