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Global Guide
Firm Profile

Mardemootoo Solicitors

Firm Profile

Port-Louis

  • Les Jamalacs
  • Rue du Vieux Conseil
  • Port-Louis
  • Port Louis
  • Mauritius

Firm profile submitted by Mardemootoo Solicitors

Managing Partner: Sivakumaren (Robin) Mardemootoo
Number of partners: 11
Number of lawyers: 16
Languages:English, French


Mardemootoo solicitors (‘MS’) is in a mode of continuous expansion. Established since 1971, Mardemootoo Solicitors (‘MS’) has successfully carved a niche for itself in the legal sector. It has witnessed a remarkable growth leading to it becoming one of the largest firms in Mauritius. During the past 8 years, the firm has comfortably sustained its position as a market leader having both premium litigation and corporate advisory departments. It has consolidated its existing robust reputation for its excellent ‘know how’. Being a multi-disciplinary law firm having a full –fledged corporate practice, a newly established compliance department, and the setting up of its international not for profit organisation as part of its corporate social responsibility, MS is without a doubt a pioneer and continues to play an instrumental role in radically transforming the legal landscape in Mauritius.



Banking:
■ The firm is the legal adviser for the setting up of an Islamic Bank in Mauritius. The client is a consortium from the Middle East Islamic banking being relatively new to Mauritius, except in the deepest banking quarters, the firm is introducing concepts such as credit sale, deferred payment sale, sale and buy-back agreement, hire purchase, gift hibah and usury in Islam on the island
■ The firm is also the legal advisor for the setting up of a Swiss private bank in Mauritius. The firm’s mandate was to draft and/or vet all documents relating to the bank, the clients and third party intermediaries such as Visa, Master Card, Amex etc. The bank is fully set up, duly licenced and operational

Project Finance & Equity:
■ Assistance in the setting up the second national airline for an Indian Ocean island. The first phase comprised of the administrative process with the Department of Civil Aviation of that country for the AOC of the airline. The second phase has started in January 2014 and is on-going. It comprises of (a) discussions with aircraft leasing companies for financing the acquisition of the aircrafts and (b) discussions among the stake holders with regards to equity investment. It also involves discussions with institutional lenders for long term funding
■ Lead advisor to a French client in connection with the financing, structuring and securitisation of two connected major real estate investments in the north of Mauritius at Pointe aux Piments. The firm advises on the project finance aspects of the investment, negotiating the banking facility, drafting the security documentation, and structuring the investments in the most tax efficient system
■ Sunnystar Resorts - International Consortium of Investors and Hoteliers- This assignment consists of a hostile take-over of a Mauritian hospitality group, through the stock exchange. The consortium comprises of the world’s leading travel and hospitality travel group. This deal is a very complex take-over, the more so as it will represent one of the largest hostile take-overs in Mauritius, involving both the public and private sectors

Corporate Finance:
■ UBS Monaco SA / Warwyck Phoenix PCC -The team’s services have been retained to provide legal services to both Warwyck Phoenix PCC and UBS Monaco SA in relation to the appointment of UBS Monaco SA to act as custodian to Warwyck Private Bank Ltd. We advised and set up a legal structure, including drafting of legal documentation, to enable UBS Monaco SA to benefit from various exemptions under our financial regulations thus optimising the investment opportunities of clients of Warwyck Phoenix PCC, Warwyck Private Bank Ltd and UBS Monaco SA

Real Estate:
■ Acquisition of a city centre property in a central downtown city area in one of the South East Asian hubs and design/construction of a mixed use project development over the property including two 5-star hotels, a premium shopping mall, condos and a museum
■ Acquisition and development of a large portion of land in South India, precisely at Vishakapatnam, for the purpose of a new city, inclusive of residential, commercial, office space, hotels and restaurants as well as private airport. The assignment comprises of negotiation and execution of agreements of the purpose of land acquisition, land development, bank finance, cross-border security documentation, project finance and cross-border tax structuring

Practice Areas:
Aviation
Banking
Capital Markets & Securities
Company & Commercial
Construction
Corporate Finance
Cross Border Transaction & Litigation
Employment & Labour
Family Funds & Other Collective Investment Schemes
Hospitality Information & Communication Technologies
Insolvency & Restructuring
Insurance & Intellectual Property
International Law & International Trade
Litigation & Alternative Dispute Resolutions
Mergers & Acquisitions
Mining 
Resources & Energy
Private Equity
Project Finance
Infrastructure Development & PPP
Real Estate
Shipping & Maritime

Branches

  • Les Jamalacs,
  • Rue du Vieux Conseil,
  • Port-Louis,
  • Port Louis
  • Mauritius
  • Tel +230 212 1150
  • Fax +230 212 2422
  • Website : www.mardemootoo.com