Adetola Bucknor-Taiwo

20 Years of Post-Call Experience.

Adetola is the Managing Partner of STOHB, BUCKNOR & DURSON and has 20 years post call experience.

In the course of her years of practice, she has garnered considerable knowledge and expertise in the practice of Project and Infrastructure Finance, Transport Law, Communications, Corporate Restructuring, and Capital Market transactions. She has also honed her skill in Legislative Drafting and Advocacy, providing legal support to government agencies and parastatals for the drafting of Bills and operationalization of subsidiary legislations and regulations.

She holds an LLM degree in International Commercial Law from the University of Birmingham, UK. She is a Chartered Secretary certified by the Institute of Chartered Secretaries and Administrators, and a Securities and Exchange Commission, Nigeria trained Compliance Officer.

Selected Relevant Experience

Successfully advised the Enugu State of Nigeria in the investment, rehabilitation and revamp of the prestigious Nike Lake Resort Enugu via a 30-year long lease arrangement with the Landmark Africa Group, an indigenous hotel and hospitality brand.
Transaction Manager of the team that advised a key creditor in relation to the implementation of the comprehensive global restructuring of Seven Energy International Limited and its subsidiaries ("Seven Energy Group"), the complex capital restructuring between their key creditors and stakeholders, and the acquisition of certain assets of the Seven Energy Group by Savannah Petroleum PLC (and in particular the Nigerian assets).
Led a team of lawyers acting as Counsel to the Lender and Borrower/Purchaser in an Asset/Share Sale Acquisition Finance transaction in respect of the acquisition of the ferrous and non-ferrous metal business and operating assets of three corporate entities, worth US$72 Million.
Transaction Manager of the team that advised the Sellers in respect of the divestment, sale and purchase of the business and assets of Nutricima Limited and certain other assets of four other entities within the global PZ Cussons group, to Friesland Campina WAMCO Nigeria Plc and Friesland Campina Nederland B.V.
Transaction Manager of the team that advised a consortium of Nigerian commercial banks that advanced a ₦61 Billion Medium Term Financing facility to the Concessionaire of a Public Private Partnership arrangement for the construction, development, finance, and transfer of integrated civil infrastructure in the Katampe District, FCT Abuja.
Key member of a team that advised a group of lenders comprising Development Finance Institutions (African Development Bank and Deutsche Investitions- und Entwicklungsgesellschaft mbH) and five local commercial banks that advanced a US$120 Million syndicated loan facility, with provision for a US$12 Million standby facility, to Main One Cable Company Limited for the first phase of a 12,378-kilometre submarine fibre optic cable with landing stations in Lagos, Ghana and Portugal.
Advised and acted as Transaction Manager for the legal team that worked as consultants to the Nigerian Communications Commission ("NCC"), jointly with KPMG, to propose, draft and formulate a workable legal and regulatory framework for the introduction and sustenance of Number Portability in Nigeria and the operations of the Number Portability Clearing House. The Mobile Number Portability Regulations developed under this engagement were adopted by the NCC in 2014 pursuant to the Nigerian Communications Act 2003.
Advised and acted as Transaction Manager for the legal team that advised the NCC on the formulation and drafting of a new Annual Operating Levy ("AOL") Regulations to regulate licence applications and issuance under the NCA, and to ensure a more effective and efficient AOL administration regime in the Nigerian telecommunications sector. The AOL Regulations were adopted by the NCC in 2012.
Advised the Nigerian Shippers' Council ("NSC"), as economic regulator of Nigerian ports, in the formulation and establishment of a liability regime for carriage of goods by road in Nigeria and the drafting of a Carriage of Goods by Land Bill. The initial draft Bill was submitted to the NSC and underwent inter-ministerial reviews across transport-related ministries in 2021/2022.
Advised the Council for the Regulation of Freight Forwarding in Nigeria ("CRFFN") and assisted the Council with the formulation and drafting of four subsidiary legislations/regulations made pursuant to the Council for the Regulation of Freight Forwarding in Nigeria Act 2007.
Successfully advised a shipping company for the acquisition of a PSV, including review and negotiation of the offer price, MOA, and ship sale and purchase.
Successfully negotiated a US$54.5 million debt finance on behalf of a shipping company for the acquisition of a vessel and the securitisation by the lenders of the cash flow generated by the vessel, including negotiating all finance and mortgage documents on behalf of the company.
Advised Africa Export-Import Bank ("Afriexim") in a US$76.5 Million Bridge Loan Facility to Arik Air Limited for the financing and re-financing of two Boeing 737-800 aircraft, advising on Nigerian law and reviewing and negotiating the finance documents, and perfecting the security created at both the Corporate Affairs Commission and the Nigerian Civil Aviation Authority.
Advised a Nigerian commercial bank in a US$134 million loan transaction for the purchase of one Airbus A340-500 aircraft by Arik Air Limited, funded by a consortium of European Export Credit Agencies and arranged by HSBC.

Contact

Phone

+234 802 550 8336

adetola@stohbanddurson.com

20 Years of Post-Call Experience.

Contact

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