Shamiza Ratansi | Managing Partner

Background

Shamiza Ratansi is the Managing Partner of ATZ Law Chambers and her practice focuses mainly on Corporate, Commercial, Merger and Acquistions, Conveyancing, Banking and Finance, Private Equity, Regulated Sector, Mining and Capital Markets. She has acted for and advised lenders on the obtaining, perfection and enforcement of securities and in the reviewing of loan and facility agreements in Tanzania.

Shamiza undertakes all types of company commercial work, and has acted for and advised vendors and purchasers on the acquisition and disposal of shares and assets, including undertaking detailed due diligence investigations and drafting share purchase and asset purchase agreements, undertaking Fair Competetion Approvals.

She also handles all types of conveyancing work, including property acquisition as well as drafting of commercial and residential leases.

 

Professional qualifications

  • LL.B. (Hons) University of Liverpool (2.1)
  • Legal Practice Course – College of Law Birmingham (Distinction)

 

Memberships

  • Tanganyika Law Society
  • East African Law Society

 

Career summary

  • MAR 2014 – DATE: Managing Partner, ATZ Law Chambers
  • AUG 2013 – FEB 2014: Managing Partner, Adept Chambers
  • JAN 2013 – JUL 2013: Partner, Adept Chambers
  • JAN 2010 – DEC 2012: Senior Associate, Adept Chambers (previously Ringo & Associates)
  • AUG 2006 – DEC 2006: Associate Ringo & Associates, Advocates
  • SEPT 2005 – AUG 2006: Trainee Lawyer, Ringo & Associates, Advocates 

 

Areas of expertise

  • Banking and Finance
  • Private Equity
  • Corporate Commercial
  • Real Estate
  • Mining Law
  • Capital Markets

 

Top matters

  • Acting as Local counsel in connection with a syndicated loan of USD 150 million to Vodacom Tanzania Limited arranged by Citibank, N.A.
  • Acting for Citibank Tanzania Limited in connection with a USD 65million bridge facility to Tanesco. Work undertaken included negotiating the term sheet, drafting the facility agreement, drafting the Government Guarantee, legal opinions and liaising with the Attorney Generals Offices.
  • Acting as local counsel in connection with a USD 20 billion by Standard Bank of South Africa to a leading local company.
  • Acting as local counsel in connection with a loan of USD 35million to Wananchi Group (Holdings) Limited arranged by Standard Bank PLC including a review of the Loan Agreement, drafting of appropriate security documents and providing a legal opinion.
  • Acting as local counsel in connection with a loan of USD 15million to East Coast Oils and Fats Limited arranged by Stanbic Bank including a review of the Loan Agreement, drafting of appropriate security documents and assisting with the drafting of CPs and providing a legal opinion.
  • Acting as local counsel in connection with a USD 350million term loan to the Government of the United Republic of Tanzania. Work included advising on the loan agreement, drafting of legal opinions and ancillary documents.
  • Incorporating and registering with the Bank of Tanzania the first microfinance institution as a financial institution in Tanzania under the majority shareholding of Development International Desjardins Inc. (“DID”) and Africinvest Financial Sector Ltd to undertake banking business primarily within households, small holder farmers and micro enterprises in rural or urban areas of Tanzania. Work undertaken included advice on the structure, review of the regulatory regime, undertaking licence application and advising on the compliance requirements after obtaining banking licence.
  • Advising a consortium of local shareholders in connection with setting up of a Islamic Bank in Tanzania. Work undertaken included advice on the structure, review of the regulatory regime, undertaking licence application and advising on the compliance requirements after obtaining banking licence.
  • Acting for Rabobank (being a strategic shareholder in and manager of National Microfinance Bank) in connection with the proposed IPO of shares held by the Government in National Microfinance Bank.
  • Acting for Turnstar Holdings Limited in connection with the acquisition of the entire issued share capital of Mlimani Holdings Limited. Work included undertaking due diligence on the company, review of the leases for the shopping complex, undertaking review of the land acquisition process, advising on the structure and undertaking competition clearance.
  • Acting for Seaside Apartments Limited in connection with the acquisition of a property for construction purposes. Work included advising on the acquisition, reviewing the construction and development documents, advising on the structure and drafting various agreements for the sale of the individual apartments upon completion of the development project as well obtaining subtitles.
  • Acting for Seaview Holdings Limited in connection with the acquisition of a property for construction purposes. Work included advising on the acquisition, advising on the structure and drafting various agreements for the sale of the individual apartments upon completion of the development project as well obtaining subtitles.
  • Acting for the purchaser in connection with the acquisition of certain sisal estates in Tanzania including undertaking a due diligence, drafting the transaction documents, advising on the transaction structure and the necessary requirements for the acquisition of the infrastructure.
  • Acting for Catalyst on their recent acquisition of Chai Bora Limited, a leading company in the Tea industry in Tanzania. Work done included undertaking a detailed due diligence, drafting the transaction documents, attending negotiation meetings as well as providing anti-competition advice and obtaining the relevant clearances.
  • Advising International Finance Corporation in connection with a loan facility for financing a Saw Mill Company including a review of the Loan and Project Funds Agreements and relevant supply contracts, drafting of appropriate security documents and providing a legal opinion.
  • Advising Norfund in connection with a loan facility for financing saw mill company including a review of the Loan and Project Funds Agreements and relevant supply contracts, drafting of appropriate security documents and providing a legal opinion.
  • Advising Standard Chartered Bank Tanzania Limited in connection with a syndicated medium term Tanzania shillings and US Dollar loan facility of USD70 million for the financing of Celtel Tanzania Limited, a mobile telecommunications operator.
  • Acting for a group of lenders in connection with at T.Shs 408 billion term loan to a Government entity supported by a Government Guarantee. Work included drafting and negotiation the LMA based facility agreement, the Government Guarantee, security documents and legal opinions.
  • Acting for two insurance companies on the proposed purchase of the life and non-life insurance business of the National Insurance Corporation from the Government of Tanzania including undertaking due diligence investigations and negotiating the Share Purchase Agreement.
  • Acting for Herakles Telecom LLC in connection with the confirmation of the proposed East and Southern African international undersea fibre optic cable. Advising on the relevant licences, undertaking the licence applications, reviewing the business plan as well as drafting various agreements.
  • Undertaking extensive research on the local telecommunication laws for a major international telecommunications company.
  • Acting for Tamoil, a major operator in the oil and energy industry in Africa and Europe, in its proposed acquisition of a leading multinational oil company operating in East Africa. Work done included undertaking a detailed due diligence and preparation of a report on the ownership of land and fueling stations, material contracts, pending litigation and review of the relevant laws and regulations affecting the oil industry.
  • Acting for a major operator in the oil and energy industry in India, in its proposed acquisition of a leading multinational oil company operating in East Africa. Work done included undertaking a detailed due diligence and preparation of a report on the ownership of land and fueling stations, material contracts, pending litigation and review of the relevant laws and regulations affecting the oil industry.
  • Assisting as local counsel in connection with the acquisition of a majority of shares in Eurafrican Bank Tanzania Limited, including undertaking a due diligence and security review exercise.
  • Acting for Reliance Industries in connection with its recent acquisition of Gapco, including the co-ordination of a five (5) country due diligence exercise.
  • Acting for ABB Group in connection with its disposal of shares in ABB Tanelec Limited, the sole manufacturer of transformers in Tanzania.
  • Acting as local counsel in connection with the global transfer of certain networks business from Nokia and Siemens into a new joint venture entity, the largest such international carve out ever undertaken.
  • Acting for a consortium led by Rabobank Nederland in connection with the acquisition of a 49% share in National Microfinance Bank from the Government of the United Republic of Tanzania. Work undertaken included undertaking a legal due diligence, drafting a consortium agreement, negotiating the Share Purchase Agreement, Shareholder’s Agreement and Management Agreement and review of the Disclosure Letter.
  • Acting for the shareholders of the parent company of Chemi&Cotex Industries Limited, a leading manufacturing company in Tanzania, in connection with a sale of a majority stake to HSBC Investment Bank and Satya Capital. Work undertaken included preparation of the data room, negotiation of the share purchase agreement and completion documents.
  • Acting for the shareholders of CF Union Bank Limited and the bank in connection with the sale of its entire issued share capital to a consortium of investors including I&M Bank Limited, Proparco and the Kibo Fund. Work undertaken included preparation of the data room, negotiation of the share purchase agreement and completion documents.
  • Acting for BhartiAirtel as Tanzanian counsel in connection with the acquisition by BhartiAirtel of the shares of MTC in Zain Africa BV.
  • Acting for a proposed purchaser of a majority of the shares in Kilombero Valley Teak Company Limited (KVTC) from Actis. Work undertaken included undertaking a due diligence review and negotiating the share purchase agreement and reviewing and advising on the shareholder’s agreement.
  • Assisting in the USD 30 million Barclays bank Medium Term Note IPO legal Opinion.
  • Acting for two insurance companies on the proposed purchase of the life and non life insurance business of the National Insurance Corporation from the Government of Tanzania including undertaking due diligence investigations and negotiating the Share Purchase Agreement.
  • Acting for a consortium led by Rabobank Nederland in connection with the acquisition of a 49% share in National Microfinance Bank from the Government of the United Republic of Tanzania. Work undertaken included undertaking a legal due diligence, drafting a consortium agreement, negotiating the Share Purchase Agreement, Shareholder’s Agreement and Management Agreement and review and comment on the Disclosure Letter.
  • Acting for the shareholders of the parent company of Chemi & Cotex Industries Limited, a leading manufacturing company in Tanzania, in connection with a sale of a majority stake to HSBC Investment Bank and Satya Capital. Work undertaken included preparation of the data room, negotiation of the share purchase agreement and completion documents.

 

AWARDS

  • Shamiza Ratansi is ‘dedicated’, ‘business minded’, and ‘always willing to go the extra step’, and maintains a ‘strategic outlook – Legal 500 –2016
  • Shamiza is well recognised by commentators for her developing expertise advising on corporate transactions in the local market- Chambers Global 2016.
  • Shamiza has been recognised as a Rising Star in a cross spread of areas – IFLR1000 Guide to the World’s Leading Financial Law Firms 2016,
  • Shamiza has been recognised as a leading lawyer in banking – Who’s Who Legal 2014, 2015 and 2016

 

Languages

  • English
  • Kiswahili

 

Location

Tanzania