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Corpus Legal Practitioners > Restructuring & Insolvency

Restructuring & Insolvency

Corpus advises on some of the largest and most complex restructurings, and the dedicated team prides on providing pioneering solutions as well as delivering real commercial results utilising a range options including reorganisations, schemes of arrangement, and debt for equity swaps.

 

Corpus team works closely with specialists in related practice areas including finance, corporate, real estate, employment, pensions, tax, regulatory, capital markets and litigation to provide a seamless and integrated service.

 

Atlas Copco Group: Advisor to the Atlas Copco Group, Sweden’s biggest industrial group by market capitalisation, in relation to the split of the group into two separate listed companies, Atlas and Epiroc. The spinoff company, Epiroc, focusing on the mining and civil engineering business while Atlas Copco focusing on the industrial business. Corpus provided advise on the steps to be taken and spearheaded the implementation of the Zambian portion of the restructuring.

 

Kukula Capital PLC: Advisor to investors in Postnet Zambia Limited in a USD 1,464,006.18 Creditors Scheme of arrangement. Corpus provided legal support and guidance in implementing the Creditor’s scheme of arrangement to pave way for an external investor to acquire the entity.

 

Chartered Institute of Management Accountants in Zambia (“CIMA Zambia”): Advisor to the Chartered Institute of Management Accountants in Zambia (“CIMA Zambia”), a professional body for Chartered Management Accountants which also covers CIMA’s operations in Zimbabwe, in relation to the restructuring of its operations considering its joint venture (the “Joint Venture”) with the American Institute of Certified Public Accountants (“AICPA”) to form the Association of International Certified Professional Accountants (the “Association”). In 2016, members of the AICPA and CIMA endorsed creation of the Association to represent the entire breadth of the accounting profession.

 

Eurasian Natural Resources Corporation Plc (“ENRC”): Advisor to Eurasian Natural Resources Corporation Plc in relation to the transfer of ENRC’s non-core assets (being its assets in Africa and Brazil) to a newly incorporated company, which company was to be demerged/separated from the ENRC plc group and listed it is own right on the Main Market of the London Stock Exchange. Corpus also advised ENRC in relation to its Africa Group restructure involving ENRC’s key African assets in respect of the consents, notifications and other regulatory approvals required for the direct transfer of 0.01% of the shareholding in Sabot Holdings Zambia Limited by ENRC Africa Holdings Limited to ENRC Africa BV.

 

Madison Asset Management Company Ltd (“MAMCo”): Advisor to Advisor to MAMCo, a subsidiary of the LSA Group, a private sector diversified financial services group, in relation to preparation of a scheme of arrangement for Focus Financial Services Limited (“Focus”), a small and medium-sized enterprise financing company in Zambia. Corpus has also provided legal representation to MAMCo in relation to a ZMW 56,879,317.39 and USD 595,000 debt recovery from Focus and a ZMW 38,822,712 and USD318,711 debt recovery from Pan African Building Society, a deposit taking non-bank financial institution.

Date:

September 25, 2021

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