The African Private Equity & Venture Capital Association (AVCA) added six members to its Legal & Regulatory Committee.
Joining the committee are: Karim S. Anjarwalla, managing partner of the Africa Legal Network; Geoffrey Burgess, corporate partner at law firm Debevoise & Plimpton; Patrick Deasy, funds partner at law firm King & Wood Mallesons SJ Berwin; Arnaud Duhamel finance partner at law firm Gide Loyrette Nouel; Kem Inhenacho, corporate partner at law firm Clifford Chance; and Lele Modise, head of private equity Africa at law firm Bowman Gilfillan.
The committee, launched last August under the leadership of White & Case funds lawyer Mara Topping and O’Melveny & Myers funds lawyer Solomon Wifa, aims to promote rulemaking conducive to Africa’s building private equity industry as well as tracking and monitoring current legislation.
Since its launch, the committee has produced a series of country guides including Ghana, Nigeria, Zimbabwe, Mauritius, Morocco, Tunisia and South Africa.
The guides provide foreign investors and managers in Africa with country-specific information and address common investor considerations including formation of business entities, corporate governance, creditor protections, exit options, taxation, remedial action, the regulatory environment and intellectual property protections, said in a statement White & Case’s Topping.
As well as helping the committee produce more country guides, the new members will also play a role in developing proprietary private equity training models and legal document templates for AVCA’s member firms, said O’Melveny & Myers’ Wifa.
A full list of the committee members can be found HERE.