FB Attorneys is traditionally known for litigation and arbitration expertise but the firm has been increasing its corporate transactional practice significantly and has a very strong deal list for 2010/2011. It handles 50/50 litigation and transactional and is ranked for the first time....
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FB Attorneys is traditionally known for litigation and arbitration expertise but the firm has been increasing its corporate transactional practice significantly and has a very strong deal list for 2010/2011. It handles 50/50 litigation and transactional and is ranked for the first time.
"We are completely satisfied with the services provided by FB Attorneys," says a client from a global company, "we had some previous experiences with other two law firms and they were not good". The client adds that "considering just other Tanzanian law firms and Tanzania reality itself, I could attribute a nine to FB Attorneys' services... they have treated us with lots of professionalism and in general, provided us prompt responses".
In December 2010, Fayaz Bhojani, Gaudiosus Ishengoma and Mustafa Chandoo advised ARMZ Uranium Holdings on its $1 billion acquisition of Mantra Tanzania, the first ever uranium transaction in Tanzania. The deal was done within a sensitive and very highly regulated sector and involved the sale of all shares to a Canadian company, along with environmental approval.
Bhojani and Ishengoma also acted for a Tanzanian food manufacturer alongside an international firm for syndicated loans of $75 million for expansion plans. In 2011 the pair was also busy acting for Vaksons Investments on construction and financing aspects for the development of a housing complex with over 1000 homes. Ohase one and two of the projects has a combined value of $287 million.
In January 2011 the pair closed a deal for Sharaf Logistics on the $27 million financing for an inland container and vehicle depot in Dar es Salaam.
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