Onyinye Okafor Udo Udoma & Belo-Osagie structuring transactions in a manner that ensures that they qualify for tax exemptions. (c) It is also important to keep in mind the disbursement/closing timeframe of the parties and to ensure that all corporate searches and due diligence are completed and conditions precedent documents or evidence are provided as early as possible so the transaction can reach financial close at the estimated timeline intended by the parties. Were your team confronted with significant obstacles during their work on the financing round? If so, how did they overcome them? Bottlenecks are typical in large transactions, especially where a lender is not familiar with the relevant jurisdiction. To mitigate such bottlenecks, it is important that the lawyers in the transaction inform the relevant parties about the peculiarities of the jurisdiction that could impact the transaction. Identifying these issues and discussing them with the parties will help address most obstacles that could cause delays or even truncate transactions. In relation to this transaction, some of these key considerations which I mentioned above were identified and addressed promptly and this helped overcome one or two obstacles that could have impacted the transaction significantly. Why were your team’s skills and training a good fit for this work? I would say that we have garnered a lot of experience advising on major transactions and have been involved in some major telecommunication financing, as well as transactions involving development finance institutions such as the lender. In summary, our experience spoke for us, and in the Nigerian market we are well known for our expertise in banking and finance. 90 LAWYERMONTHLYMARCH 2023
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