ABSA Bank Limited.

Client Requirement:  Our firm was in charge of structuring and drafting a guaranty structure for a facility agreement, the guaranties involve pledges over assets, bank account, insurance and credit rights of local companies of the debtors’ group. Our Participation: Our firm was tasked with structuring the guaranty to be provided by Peruvian companies of the debtor’s group, in order to provide a pledge that included shares, bank accounts, insurance and other credit rights, without creating a trust or a similar structure. Benefit for the Client: The client obtained a guarantee structure that is valid and enforceable in Peru.

Matter value – include currency and amount in figures :

USD 15’000,000

Is this a cross-border matter? If yes, please indicate the jurisdictions involved :

Yes, Peru and South Africa.

Lead partner :

Carlo Viacava

Other team members :

Vladimir Popov, Jessica Mercado

Other firms advising on the matter and their role(s) :

Werksmans – Advice to ABSA Bank in South Africa

Date of completion or current status :

September 2022