Executive Director of International Lawyers for Africa (ILFA ) Ms. Cynthia Lareine, has said that the aim of the training and collaboration with NBA-SBL is to help further deepen the law profession, especially strengthen the capacity of young commercial lawyers in Africa; that this is a great opportunity to make sure young lawyers understand the fundamental issues with Banking and Finance.
Ms Cynthia made this statement on Monday at the Banking and Finance Academy training organized by the Nigerian Bar Association Section on Business Law, NBA-SBL held at FourPoints by Sheraton, Victoria Island, Lagos.
According to her, from inception, the vision for the training is “Enlightened Self-Interest” which the founder, TIM Taylo saw as an opportunity to facilitate the growth & professional development of lawyers across Africa through the practice of secondment schemes.
ILFA, is an international charity organization founded in 2007 in Dubai, but practising in London.
ILFA’s mandate is to organize knowledge exchange programs, in partnership with Law firms in the UK, for African lawyers.
Qualified lawyers from Africa are selected and sent to law firms in the UK, Paris for a 3-month internships.
“These lawyers would benefit from a curriculum of technical legal training relevant to the African market.
“Through extensive networking and relationship building activities, secondees expand their perspectives on their work, the legal industry and on global issues facing Africa.
“The beauty of the international secondment programme is that as well as being beneficial to the individual lawyers who participate in these secondments, the programme also enables Africa focused law firms to establish, develop and strengthen rich relationships with leading lawyers in Africa.
“Secondment programme continues to be an important part of the work that ILFA does.
“The secondments by their nature will impact a handful of lawyers; the challenge ahead for ILFA and for other organisations involved in Africa capacity building is to find ways of engaging with and having greater direct impact on skills development for many more lawyers whilst doing so in a manner that is sustainable and meaningful.
“The ILFA Legal Excellence Academy is one of the means we’ve identified to achieving this. In partnership with local law societies and bar associations across Africa, ILFA can collaborate with international law firms and local lawyers to deliver classroom style teaching on a variety of topics to candidates who apply and are selected to attend.
“I am personally very excited about the Academy and about our blossoming relationship with the NBA-SBL which also extends to our online legal education platform called Angaza Africa law training.
“The partnership model we have with the NBA-SBL is a template for what we want to achieve in other parts of Africa. I believe that through relationships like this one, ILFA really is well positioned to build legal excellence & strengthen the rule of law across Africa.”
Chariman of the NBA-SBL, Mr. Seni Adio, in his opening remarks welcomed participants, trainees and assured the trainees of getting a very rich and quality training throughout the 3 days.
The Chairman of the NBA-SBL Banking & Finance Committee, Mr Tominiyi Owolabi, during his remark said the reason for the academy is to train young lawyers on financing business and when they get to the modern market they will be able to harness the good of modern market. He also pointed out that another reason for the training is for NBA-SBL to provide wider reach for young lawyers to train them in financing because the more lawyers are good in the business of financing, the better it is for all of us and that is why NBA-SBL has engaged one of the world biggest Financing institution to train Nigerian lawyers.
He also added that financing is at the heart of any developing economy and as such plays major role in the growth of any economy and that lawyers will play a great role in making that happen. He encouraged the trainees to make use of this opportunity.
Some of the courses to be treated are:
– Introduction to Finance and Types of Financing, delivered by White & Case.
– Facility Agreement and other Finance Documents, delivered by Stephenson Harwood.
– Project Finance, delivered by Dentons.
– Understanding Syndication and Club Deals, delivered by White & Case
– Understanding Term Sheet, delivered by Dentons.
– Key Nigerian Law Consideration for Financing, delivered by Templars.
– Structured Trade & Commodity Finance, delivered by Hogan Lovells.
– Covenants and Representations, delivered by Hogan Lovells.
– Debt Capital Markets, delivered by Hogan Lovells.
– Granting and Taking Securities in Nigeria delivered by Olaniwun Ajayi LP And
– Restructuring and Insolvency, delivered by Stephenson Harwood.
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