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Contents
04 OurFirm
05 OurFootprintinAfrica
06 OurTaxPractice
07 OurSpecialistServices
09 OurSignatureMatters10 Accolades
12 KeyContacts
Tax
3
4CONTENTS PAGE
Our Firm
WithsixofficesinfourAfricancountriesandover400specialisedlawyers,we
aredifferentiatedbyourindependenceandthequalityoflegalservicesweprovide.
WedrawonouruniqueknowledgeoftheAfricanbusinessenvironmentandin-depthunderstandingofthesocio-politicalclimatetoadviseclientsonawiderangeoflegalissues.Ouraimistoassistourclientsinachievingtheirobjectivesassmoothlyandefficientlyaspossiblewhileminimisingthelegalandregulatoryrisks.
Ourclientsincludecorporates,multinationalsandstate-ownedenterprisesacrossarangeofindustrysectorsaswellasfinancialinstitutionsandgovernments.
Ourexpertiseisfrequentlyrecognisedbyindependentresearchorganisations.WehavebeennamedAfricanLegalAdviseroftheYearbyDealMakersforthelastfourconsecutiveyearsandSouthAfricanLawFirmoftheYearfor2018intheChambersAfricaAwardsforExcellenceandtheSouthAfricanProfessionalServicesAwards.Wewerealsotheonlyfirmthatwas‘highlycommended’intheAfricanLawFirmoftheYear–LargePracticecategoryattheAfricanLegalAwardshostedbyLegal WeekandtheCorporateCounselAssociationofSouthAfricain2017andwontheTechnology,MediaandTelecommunicationsTeamoftheYearAward.
Bowmans is a leading Pan-African law firm. Our track record of providing specialist legal services, both domestic and cross-border, in the fields of corporate law, banking and finance law and dispute resolution, spans over a century.
BOWMANS
5CONTENTS PAGE
Our Footprint in Africa
WeprovideintegratedlegalservicesthroughoutAfricafromsixoffices(Cape
Town,DaresSalaam,Durban,Johannesburg,KampalaandNairobi)infourcountries(Kenya,SouthAfrica,TanzaniaandUganda).
WeworkcloselywithleadingNigerianfirm,UdoUdoma&Belo-Osagie,andMozambique-basedboutiquefirm,TacianaPeãoLopes&AdvogadosAssociados.WealsohavestrongrelationshipswithotherleadinglawfirmsacrosstherestofAfrica.
WearerepresentativesofLexMundi,aglobalassociationwithmorethan160independentlawfirmsinallthemajorcentresacrosstheglobe.Thisassociationgivesusaccesstothebestfirmsineachjurisdictionrepresented.
Bowmans offices
Relationship firm
Significant transaction or advisory experience
Tax
6CONTENTS PAGE
Wehaveknowledgebasedonyearsofexperienceandadepthandbreadthoftaxlawskillsthatfewareabletomatch.Weprovideefficienttaxandbusinesssolutionsbycombiningthisstrengthwithcommercialacumen.
OurtaxspecialistsworkcloselytogethertoadviseoninvestmentsandoperationsinvariousAfricancountries,ensuringthatallaspectsofinternationaltransactionsarethoroughlyconsideredandplanned.
Servicesrangefromthetaxaspectsofcorporatetransactions(includingmergersandacquisitions,privateequitytransactions,cross-borderinvestmentstructuresandcorporaterestructures),tofinancialstructuring,projectfinancemattersandthetaximplicationsofemploymentdecisions,andextendtotaxlitigationanddisputeresolution.
Wehavespecialistknowledgeofavarietyofsectorsincludingconstructionandinfrastructure,energy,financialservices,logistics,mining,realestateandtelecommunications.
Ourclientsincludeleadingcorporates,financialinstitutionsandindividualsinthecountriesinwhichweoperate.WealsoworkwithinternationallawfirmstoservicetheirclientsexpandingintoAfrica.
Our Tax Practice
We provide efficient
tax and business
solutions by combining
our experience with
commerical acumen.
BOWMANS
7CONTENTS PAGE
Ourmainfocusareasinclude:
CORPORATETAX
• reviewingcommercialagreements(includingmergers,acquisitionsandjointventures)andadvisingonthetaximplications;
• advisingonthetaximplicationsoftherestructuringofgroupsofcompanies,intellectualpropertytransactionsandrealestatetransactions,includingthetaxtreatmentofrealestateinvestmenttrusts(REITS);
• advisingonthetaximplicationsoftheformationofprivateequityfunds,acquisitionsanddisposalbyprivateequityfundsanddebtrestructurings;
• undertakingtaxduediligenceinvestigationstodeterminethetaxexposureofinvestments;
• advisingonthetax-efficientstructuringofdebtandequityfundingprovidedbylocalandinternationalfinancialinstitutions,includingthetaxtreatmentofcomplexfinancialinstruments;and
• advisingonthetaxtreatmentofoilandgasoperationsandinotherenergysectors,suchasrenewableenergyandminingoperations.
INTERNATIONALTAX
• advisinglocalcorporates,financialinstitutionsandindividualsonthetaxandexchangecontrolimplicationsoftheirforeigninvestments,includingpotentialtaxexposuresinotherjurisdictionsandtheimpactofdoubletaxationagreements;
• advisingforeignresidentsonthetax-efficientstructuringoftheirinvestmentsinSouthAfricaandinotherAfricancountries,includingexposuretoSouthAfrican
withholdingtaxesandtheuseoftheSouthAfricanHeadquarterRegime;
• advisingonexchangecontrolrestrictionsapplicabletocross-bordertransactions,includingassistingwithapplicationstotheFinancialSurveillanceDepartmentoftheSouthAfricanReserveBank;
• advisingontheapplicationoftheSouthAfricantransferpricingrules,includingthereviewingandimplementationoftransferpricingpoliciesandarrangements;and
• advisingonthetaxconsequencesofinternationalsecondmentsofpersonnel.
DISPUTERESOLUTION
• assistingclientswithallaspectsoftaxlitigationincludingresponsestoSouthAfricanRevenueServicequeries,audits,objections,appeals,representationincourtcases,alternativedisputeresolutionandthenegotiationofsettlementsoftaxdisputes.
Our Specialist Services
"Well-established practice
valued for its long-standing
strength in a diverse array of
tax concerns, with notable
proficiency in corporate
transactions and business
restructurings. Widely respected
for its ability to handle complex
mandates for an impressive
roster of domestic and
international players."
– Chambers & Partners, 2017
Tax
8CONTENTS PAGE
TRUSTSANDINCENTIVESCHEMES
• advisingonthetaximplicationsofshareschemesandotherincentiveschemes;
• planningandadvisingonthetaximplicationsofblackeconomicempowermenttransactions;and
• advisinghighnetworthindividualsontheuseoftrusts(localandforeign)andthetaxconsequencesoftheflowoffundsviasuchtrusts.
CUSTOMSANDINTERNATIONALTRADE
• advisingoninternationaltradeandcustomsandexcise,includingassistingwithrelatedlitigation;and
• advisingonunfairtradepractices(includinganti-dumping,safeguardingandtheimpositionofcountervailingduties)andallotherdealingswiththeInternationalTradeAdministrationCommissionofSouthAfrica.
GENERAL
• advisingindividualsandcorporatesongeneraltaxmatters;and
• providingthesupportingservicesnecessarytoimplementouradvice,includingassistingwithvarioustaxregistrationsandobtainingrulingsanddirectivesfromtheSouthAfricanRevenueService.
"Clients praise the team
for its “excellent advice”,
“approachable manner”,
“industry knowledge” and
“fast turnaround times”.
– Legal 500, 2017
BOWMANS
9CONTENTS PAGE
Someofourrecentmattersincludeadvising:
• theAlexanderForbesGroupofcompaniesonitslistingonthemainboardoftheJSE,valuedatZAR9.7billion;
• CitiBankandJPMorganonloanfacilitiesofapproximatelyZAR21billion,grantedtoWoolworthsfortheacquisitionofDavidJonesinAustralia;
• ontheestablishmentoftheDeltaInternationalRealEstateFund,oneofthefirsttwodually-listedAfricanrealestatefunds–weadvisedontheother(SanlamAfricaCoreRealEstateFund)aswell;
• MarriottindesigningtheacquisitionstructureinitsprocurementoftheProteaGroupvaluedatapproximatelyZAR2billion.OurinvolvementextendedtoadvisingonthecomplexexchangecontrolrulesandapplicationtotheReserveBank;
• PeermontGlobalontheproposedacquisition,bySunInternational,ofitssharesandexistingdebtvaluedatalmostZAR5billion;
• SABonatariffdisputewithSARS;• SABMillerplcandSABontheproposed
transactiontocombinetheirnon-alcoholicready-to-drinkbeveragebusinesses(principallyinsouthernandeasternAfrica)withthoseoftheCoca-ColaCompanyandGutscheFamilyInvestments,valuedatapproximatelyUSD6billion;
• anddefendingvariousentitiesinagroupofcompaniesagainstaggressivetaxassessmentsbySARS–penaltiesdemandedwere200%;wehelpedourclienttosettleforasignificantlylowerpenalty;and
• on,andrespondingto,ananti-dumpingdutyinexcessofZAR500millionimposedonWiesenhofInternationalGMBHforexportsoffrozenchickenfromGermany.
Our Signature Matters
Tax
10CONTENTS PAGE
Accolades
AFRICANLEGALAWARDS2017WewontheTechnology,MediaandTelecommunicationsTeamoftheYearAward.Wewerealso‘highlycommended’intheAfricanLawFirmoftheYear–LargePracticeandLitigationandDisputeResolutionTeamoftheYearcategories.DEALMAKERSAWARDS2018
WehavebeenidentifiedastheleadinglegaladviserinAfricabyvolume.Thisisthefourthconsecutiveyearwehavebeenrecongnisedthisway.
INTERNATIONALLAWOFFICECLIENTCHOICEAWARDSWewontheawardforSouthAfricafor2005,2006,2008,2011andagainin2015.
INDIABUSINESSLAWJOURNAL2017WewerenamedasoneoftheleadinginternationallawfirmsforIndiawork.
WHO’SWHOLEGALAWARDS2016WewerenamedSouthAfricanLawFirmoftheYear.
BOWMANS
11CONTENTS PAGE
36 Recognised Lawyers67 Recognised
Lawyers
TIER1KENYA
Financial&CorporateMining
SOUTHAFRICA
CapitalMarketsCompetitionEnergyM&AUGANDA
Financial&CorporateProjectDevelopmentTIER2
KENYA
EnergyInfrastructure
SOUTHAFRICA
BankingInfrastructureMiningOil&GasProjectFinance
BAND1
KENYA
Banking&FinanceCorporate/CommercialEmployment
SOUTHAFRICA
CapitalMarkets:DebtCapitalMarkets:EquityCompetitionCorporateInvestigationsM&AEmploymentEnvironmentIT/TelecommunicationsProjects&EnergyShippingTax
UGANDA
GeneralBusinessLaw
BAND2
SOUTHAFRICA
Banking&FinanceDisputeResolutionMedia&BroadcastingRestructuring/Insolvency
KENYA
Projects&Energy
TANZANIA
GeneralBusinessLaw
IFLR1000 2018 RANKED US IN THE FOLLOWING AREAS
CHAMBERS & PARTNERS 2018 RANKED US IN THE FOLLOWING AREAS
32 Recognised Lawyers
TIER1
KENYA
Banking,Finance&CapitalMarketsCommercial,Corporate&M&AEmploymentRealEstate&Construction
SOUTHAFRICA
Commercial,Corporate&M&ACompetitionEmploymentProjects&InfrastructureShipping
UGANDA
LegalMarketsOverview TIER2
KENYA
DisputeResolutionProjects&Energy
SOUTHAFRICA
Banking&FinanceConstructionDisputeResolutionInvestmentFundsTax
TANZANIA
LegalMarketsOverview
THE LEGAL 500 EMEA 2018 RANKED US IN THE FOLLOWING AREAS
Tax
12CONTENTS PAGE
Key Contacts
BARRYGARVEN HeadofTax,JohannesburgJohannesburg,SouthAfrica T:+27116699323E:barry.garven@bowmanslaw.com
WALLYHORAK
HeadofTax,CapeTownCapeTown,SouthAfricaT:+27214807935E:wally.horak@bowmanslaw.com
ERNESTWILTSHIRE
PartnerKampala,Uganda
T:+256414254540E:ernest.wiltshire@bowmanslaw.com
ALEXMATHINI
PartnerNairobi,Kenya
T:+254202899000E:alex.mathini@bowmanslaw.com
KELLYPRETORIUS
PartnerJohannesburg,SouthAfrica
T:+27116699287E:kelly.pretorius@bowmanslaw.com
ALANKEEP ManagingPartnerJohannesburg,SouthAfrica T:+27116699348E:alan.keep@bowmanslaw.com
ANERIABOUWER PartnerCapeTown,SouthAfrica T:+27214807936E:aneria.bouwer@bowmanslaw.com
DANIELGANTUNGO
PartnerKampala,Uganda
T:+256414254540E:daniel.gantungo@bowmanslaw.com
BETSIESTRYDOM PartnerJohannesburg,SouthAfrica T:+27116699396E:betsie.strydom@bowmanslaw.com
PATRICIAWILLIAMS
PartnerJohannesburg,SouthAfrica
T:+27116699313E:patricia.williams@bowmanslaw.com
BOWMANS
13CONTENTS PAGE
VIRUSHASUBBAN PartnerJohannesburg,SouthAfrica T:+27116699383E:virusha.subban@bowmanslaw.com
Toviewprofilesofourlawyers,
pleasevisitwww.bowmanslaw.com
SAMIRELLARY
PartnerJohannesburg,SouthAfrica
T:+27116699338E:samir.ellary@bowmanslaw.com
Tax
CONTENTS PAGE
CapeTown
T:+27214807800E:info-cpt@bowmanslaw.com
DaresSalaam
T: +255768988640E: info-tz@bowmanslaw.com
Durban
T:+27312650651E:info-dbn@bowmanslaw.com
Johannesburg
T:+27116699000E:info-jhb@bowmanslaw.com
Kampala
T:+256414254540E:info-ug@bowmanslaw.com
Nairobi
T:+254202899000E:info-ke@bowmanslaw.com
FollowusonTwitter:
@Bowmans_Law
www.bowmanslaw.com
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