The small island nation of Mauritius, with its population of 1.3 million, has an economy supported by food processing, textiles, clothing, mining, chemicals, metal products, transport equipment, nonelectrical machinery and tourism. Its main exports include clothing and textiles, sugar, cut flowers, molasses, fish to the United Kingdom, France, the United States, South Africa, Spain, Italy and Madagascar.
Lex Mundi in Mauritius
Lex Mundi provides coverage in Mauritius through Appleby, Lex Mundi member firm for Bermuda. Appleby was the first global, offshore law firm to provide legal services from the Republic of Mauritius. Its clients are diverse, ranging from banks and state owned enterprises, to investment funds, listed companies and high-net-worth individuals. Appleby’s corporate and commercial practice has consistently earned top-tier ranking in leading publications such as Chambers Global and IFLR 1000.
Representative matters include:
- Acting as Mauritius counsel to The Standard Bank of South Africa (SBSA) in connection with the financing granted by SBSA to Mota-Engil in connection with the Nacala corridor project for the building of a 145.1 km long railway between the border of Mozambique and Malawi and Nkaya Junction, close to Liownde
- Acting as Mauritius counsel to Standard Chartered Bank in connection with the joint acquisition of Videocon's 10 percent stake in the Rovuma field-1 of Mozambique that is estimated to hold as much as 65 trillion cubic feet of gas by ONGC Videsh (OVL) and Oil India (OIL) for about $2.475 billion.
- Acting as Mauritius Counsel to Credit Suisse in connection with debt financing provided by Credit Suisse (along with RBC Capital Markets and Barclays) to a private investor group led by Bain Capital and Golden Gate Capital together with GIC Special Investments Pte Ltd (“GIC”) and Insight Venture Partners for the acquisition of BMC Software (NASDAQ: BMC) valued at $6.9 Billion
- Acting as Mauritius counsel to Mitsui & Co. Ltd in connection with their acquisition of a minority interest in Congolone Heavy Minerals Limited (a Jersey registered company which is a subsidiary of Kenmare Resources plc)
- Acting as Mauritius counsel to Lagos based Asset & Resource Management Company Limited (as sponsor of the fund) in connection with incorporation and launch of a Mauritius based Infrastructure Fund (ARM - Harith Infrastructure Fund (International) Limited) for investment exclusively in a variety of infrastructure projects West Africa