Reindorf Chambers is a very well established leading corporate and finance firm in Ghana. The four-partner team led by senior partner Fui Tsikata is within the DLA Piper network and handles a wide range of work including corporate litigation....
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Reindorf Chambers is a very well established leading corporate and finance firm in Ghana. The four-partner team led by senior partner Fui Tsikata is within the DLA Piper network and handles a wide range of work including corporate litigation.
Ekua Hayfron-Benjamin leads on many of the firm's largest deals in the finance, banking and natural resource sectors. According to a client, "Hayfron-Benjamin pays very much attention to detail, will dig out all of the information even when something has a lot of history she is able to find all the relevant points". The client adds that the firm was "very responsive". Notably, partner Kizzita Mensah is a former associate from Ernst & Young. Senior partner Tsikata is one of the big names in the market.
In one of the more significant deals in the market, the first of the long awaited banking consolidations, Tsikata and Hayfron-Benjamin advised Amalgamated Bank on it $23 million sale in February 2011 to Bank of Africa. As well as the share purchase, the deal included a fresh share issuance.
Hayfron-Benjamin also acted for Azumah Resources on its issue of 50 million new shares in October 2010 and for Vikings Ashanti, which it advised in Ghanaian aspects of its IPO on the Australian Stock Exchange in May 2010.
On the financing side, Hayfron-Benjamin advised Gold Fields Ghana on a $60 million loan from Standard Bank of South Africa to purchase mining equipment and represented its regular client Cal Bank (along with other banks) on a $48 million financing to the Ghanaian government.
The two leading lawyers also represented a syndicate of lenders, which included The Social Security National Insurance Trust and Cal Bank, on a temporary forbearing from suing to recover loans of $15 million provided to Tema Osonor Plant for a proposed IPP (independent power production) project. The pair also advised Swedfund International on funding for the purchase of equipment for a proposed hospital. Both transactions were completed in September 2010.
Both lead partners also handle corporate litigation cases on behalf of clients.
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