Breakthrough Attorneys

You are here: Home / Practicing Areas / Banking and Finance Law

Banking and Finance Law

There is an exceptional volatility in the global financial system which is subjecting market participants to extraordinary risk and uncertainty. The reassessment of risk by both lenders and borrowers has resulted in a less borrower-friendly environment and more restrictive terms in finance documents. Sporadic changes in the financial, institutional and regulatory framework have transformed the way banking business is conducted and are affecting legal arrangements. We are keen to assist and swiftly advising our clients to adapt to the new banking ways so as to help them to achieve their business objectives.

Breakthrough Attorneys has the experience and insight to help its clients navigate current financial markets in Banking and Finance Securities. We advise on all aspects of cross-border and domestic financing across a wide range of industries from manufacturing to everything in between. Our team is experienced in local and international banking and finance laws, regulations and customs. Our Advocates combined have worked for and advised over 15 local and international commercial banks, investment banks and merchant banks as well as financial institutions in all matters including drafting and execution of lending and securities documents; local banking compliance rules and regulations; bank-customer regulations; registration of securities at respective registries; and recovery and litigation proceedings at every level of the judiciary system.

Practice Related Articles

FINANCE LAW UPDATE: BREAKTHROUGH ATTORNEYS’ OVERVIEW OF THE TANZANIA’S BUDGET FOR THE FINANCIAL YEAR 2022/2023.

Our Tax Department at Breakthrough Attorneys has prepared this general overview of the budget for the financial year 2022/2023 highlighting the estimates of the Government’s revenue and expenditure for 2022/2023.

BANKING AND FINANCE LAW UPDATE: RESTATING THE STANDARDS OF GOOD CORPORATE GOVERNANCE PRACTICE FOR BANKS AND FINANCIAL INSTITUTIONS IN TANZANIA UNDER THE BANKING AND FINANCIAL INSTITUTIONS (CORPORATE GOVERNANCE) REGULATIONS 2021.

Recently, the Bank of Tanzania has enacted new regulations on corporate governance for banks and financial institutions. The newly imposed regulations, Banking and Financial Institution (Corporate Governance) Regulations, 2021 (“the Corporate Governance Regulations”) were published on 29th October, 2021. The Corporate Governance Regulations set standards for corporate governance and structures of banks and financial institutions. It provides guidance to board of directors, directors and senior management of banks and financial institutions for proper discharge of their responsibilities.

COMPANY LAW UPDATE: WHAT YOU SHOULD KNOW ABOUT BENEFICIAL OWNERSHIP IN TANZANIA.

As part of the efforts to developing Tanzania in business and investment, but also as a means of prevention and detection of corruption and money laundering, the Government of the United Republic of Tanzania has adopted the concept of Beneficial Ownership as a mechanism to deal with among other things the issues forementioned. One of the mechanisms so adopted to curb and keep tag on the forementioned matters is imposing a Beneficial Ownership reporting. Beneficial Ownership Reporting is meant to reveal the persons termed as beneficial owners behind companies registered in the United Republic of Tanzania.

Contact

Breakthrough Attorneys
T: +255 222 603 002
F: +255 222 603 001
M: +255 784 763 933
E: info@breakthroughattorneys.co.tz

Address
66 BTA House, Plot No. 331/00
Msasani Road, Oysterbay,
Opposite United Nations, Umoja House,
P.O. Box 72838
Dar es Salaam, Tanzania
Our Office Directions

About us

Breakthrough Attorneys is an ultramodern legal practice based in Dar es Salaam, Tanzania having a spectrum of cross-borders practices that caters for local and multinational corporations, financial institutions, government entities as well as business private individuals concerning their legal needs around the globe.