In the aftermath of the global financial crisis, banks and other financial institutions need now, more than ever, to reduce and manage legal, regulatory, financial and reputational risks.
We are experienced in handling investigations and claims and are regularly instructed by major financial institutions in relation to their most substantial and sensitive disputes in Ghana and beyond.
Experience has included advising:
- A foreign bank in three separate court actions relating to a mandatory takeover offer by it to shareholders of a Ghanaian bank.
- A Ghanaian bank in relation to the deposit of counterfeit currency in one of its branches and currently representing the bank in litigations commenced against it by the customer who deposited the counterfeit notes and an employee of the bank whose employment was terminated as a result of the transaction.
- A syndicate of Ghana lenders including banks in the enforcement of a USD35 million loan and security documentation on an event of default and obtained summary judgment against the borrower and arranged for the appointment of a receiver to sell the charged assets.
- Lenders including major financial institutions in proceedings before the High Court for extension of the time limited for registration of particulars of charges created under the various security documents in their favor.
- A foreign lender in the official winding up of a Ghanaian borrower following the borrower’s insolvency before the High Court.
- A major bank in litigation involving the issue of letters of credit to a downstream petroleum company in Ghana and in relation to which we are seeking to recover an amount in excess of GHS6 million from the company and its managing director who provided personal security for the facility.
- A multinational bank in an appeal to the Supreme Court on behalf of a multinational bank to reverse a decision by the Court of Appeal that awarded against it an amount in excess of GHS15 million.