BANKING, INTERNATIONAL FINANCE; CORPORATE AND PROJECT FINANCE, INSOLVENCY AND DEBT RECOVERY: LEGAL AND FINANCIAL DUE DILIGENCE

NEA specializes in the structuring and preparation of transaction documents for single or multi-currency denominated facilities for international financial Institutions and multi-lateral organizations, international development finance agencies, Nigerian and other International commercial banks, financial institutions and export credit agencies. These include:

• International Finance Corporation (private lending structure of the World Bank),
• African Development Bank (ADB)
• Deutsche Infestation-Und Entwicklungsgesellschaft (DEG)
• The Entrepreneurial Development Bank of the Netherlands (FMO)
• Belgian Investment Company for Developing Countries (BIO)
• British Export Credit Guarantee Department (ECGD) through Irving and Bonnar
• The Nigerian Debt Management Office (DMO)
• Asset Management Corporation Of Nigeria (AMCON)
• African Finance Corporation (AFC)
• Merrill Lynch

Total Value of Debt and Equity Transactions for International Financial Institutions
OVER $5.5 Billion

Total number of dollar lines of credit to Nigerian Banks and Leasing Companies
Particular attention is given to the creation and perfection of security for these financing arrangements. Considerable in-house expertise and experience has therefore been amassed in this area of the law, equipping us to effectively represent the interests of either borrowers or lenders in these transactions as the case may be.
NEA has an in-house team of financial consultants and accountants licensed to practice in Nigeria, in America, Europe, United Kingdom and the Fareast. The supporting services rendered by this team considerably enhance its capabilities in the area of Finance, Taxation, Legal and Financial Due Diligence Services and turnaround management services.
Where debt restructuring options fail, Partners in NEA are frequently called upon to act as receivers and liquidators.
Partners of the Firm have acted as counsel to Ernest and Young and other international accounting firms and played a critical role in landmark cross border insolvencies such as the cross border insolvency of Devon Industries SdnBhd, one time owners of the Kings Vegetable Oil trademark. This insolvency impacted three jurisdictions, i.e. Singapore, Nigeria, Netherland s and Ghana.