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Banking & Finance Law | Securities Lending Transactions | Terrorist Financing Control Regulations
 

 Season's Greetings

Wishing you a safe festive season and a prosperous New Year


 
Awards

Bowman Gilfillan was recently announced as the Project Finance Law Firm of the Year in the DealMakers Annual Awards 2010
 
 
  Legislation
  • Relief for taxpayers and a host of amendments Read more
  • Exchange Control Regulations amended to address Administrative Relief Read more
 
  Case Law
  • A sale in execution may not be impeached in the case of movable property, after delivery thereof, as against a purchaser in good faith and without notice of any defect Read more
  • English Case provides comfort to financial institutions seeking to rely on exemption clauses under English Law Read more
 
 
  New Deals

  1. Acting for the preferred bidder in its negotiations with the Government of South Africa and the proposed funders for a public private partnership entailing the design, construction, operation, maintenance and financing of new premises for the Department of Rural Development and Land Affairs.

  2. Acted for Nedbank Capital, a division of Nedbank Limited and Quartile Capital, in respect of the establishment of the Rand Water R5 billion Domestic Medium Term Note Programme.

  3. Acted for The Standard Bank of South Africa Limited, in respect of the update of The Standard Bank of South Africa Limited R60 billion Domestic Medium Term Note Programme.

  4. Acted for Rand Merchant Bank, a division of FirstRand Bank Limited and The Standard Bank of South Africa Limited in respect of the issue of R500 million Senior Unsecured Fixed Rate Notes under the Mobile Telephone Networks Holdings (Proprietary) Limited R10 billion Domestic Medium Term Note Programme.

  5. Acted for Clindeb Investments (Proprietary) Limited and Nedbank Capital, a division of Nedbank Limited, in respect of the issue of R200 million Senior Unsecured Zero Coupon Notes under the Clindeb Investments (Proprietary) Limited R3,5 billion Domestic Medium Term Note Programme.

  6. Acted for Barloworld Limited and Nedbank Capital, a division of Nedbank Limited, in respect of the issue of R405 million Senior Unsecured Zero Coupon Notes under the Barloworld Limited R10 billion Domestic Medium Term Note and Commercial Paper Programme.

  7. Acted for BNP Paribas Arbitrage Issuance B.V. in respect of the issue of R10 million Certificates relating to CADIZ Dynamic Global Opportunities ER Index under the BNP Paribas Arbitrage Issuance B.V. Warrant and Certificate Programme.

  8. Acted for Toyota Financial Services (South Africa) (Proprietary) Limited and Nedbank Capital, a division of Nedbank Limited in respect of the issue of R200 million Senior Unsecured Zero Coupon Notes under the Toyota Financial Services (South Africa) (Proprietary) Limited R5 billion Domestic Medium Term Note Programme.

  9. Acted for Toyota Financial Services (South Africa) (Proprietary) Limited and Rand Merchant Bank, a division of FirstRand Bank Limited in respect of the issue of R400 million Senior Unsecured Zero Coupon Notes under the Toyota Financial Services (South Africa) (Proprietary) Limited R5 billion Domestic Medium Term Note Programme.

  10. Acted for Toyota Financial Services (South Africa) (Proprietary) Limited and Nedbank Capital, a division of Nedbank Limited in respect of the issue of R200 million Senior Unsecured Zero Coupon Notes under the Toyota Financial Services (South Africa) (Proprietary) Limited R5 billion Domestic Medium Term Note Programme.

  11. Acted for Toyota Financial Services (South Africa) (Proprietary) Limited and Rand Merchant Bank, a division of FirstRand Bank Limited in respect of the issue of R200 million Senior Unsecured Floating Rate Notes under the Toyota Financial Services (South Africa) (Proprietary) Limited R5 billion Domestic Medium Term Note Programme.

  12. Acted for Simmer and Jack Mines Limited with respect to the disposal of substantially all of its assets to Village Main Reef Gold Mining (1934) Limited, in return for the allotment and issue by Village Main Reef Gold Mining (1934) Limited to Simmer and Jack Mines Limited of 597,512,000 ordinary Village Main Reef Gold Mining (1934) Limited shares, which shares Simmer and Jack Mines Limited intends to distribute to its shareholders pro rata to their shareholding in Simmer and Jack Mines Limited, and the assumption by Village Main Reef Gold Mining (1934) Limited of certain liabilities of Simmer and Jack Mines Limited.  The transaction is subject to the fulfilment of certain conditions.

In this issue

  • Relief for taxpayers and a host of amendments securities lending transactions
       
  • Exchange Control Regulations amended to address Administrative Relief Consumer Protection Act
       
  • FAIS Changes Money Laundering and Terrorist Financing Control Regulations
       
  • Companies Amendment BillOTC derivatives
       
  • A sale in execution may not be impeached in the case of movable property, after delivery thereof, as against a purchaser in good faith and without notice of any defect SCA
       
  • English Case provides comfort to financial institutions seeking to rely on exemption clauses under English LawNational Credit Act
       
  • Recent Deals 
       
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    Anton Barnes-Webb | Project Finance Lawyer
    Anton Barnes-Webb
    (Director)
    Anton Barnes-Webb is a partner in Bowman Gilfillan's Corporate Department and is the head of the firm's Project Finance and Infrastructure practice area. He specialises in project and other financing transactions and mergers and acquisitions.

    Read more
       
     
    Joanne Pretorius | Banking and Finance Lawyer
    Joanne Pretorius
    (Senior Associate)

    Joanne Pretorius is a senior associate in Bowman Gilfillan’s corporate department and specialises in corporate and commercial law; banking and finance; and administrative law. She holds an LLB degree (cum laude) from the University of the Witwatersrand and was admitted as an attorney in 2008.