Leading pan-African law firm advises on largest commercial settlement in South Africa’s construction industry
A team of specialist litigation and corporate lawyers at Bowmans South Africa has been involved in one of the largest, if not the largest, commercial settlements in the history of South Africa’s construction industry. The settlement, valued at ZAR 1.274 billion, was signed on Monday, 21 November 2016.
Bowmans acted jointly for the Bombela Concession Company (the concession company heading up a collection of companies who constructed the Gautrain) and the Gauteng Provincial Government in relation to the settlement, and was instrumental in facilitating the lengthy negotiations between the parties and in drafting the settlement agreement.
The Bowmans key advisors team on the transaction were Tim Gordon-Grant (Senior Litigation Partner, Litigation), Rob Cohen (Partner, Corporate) and Cei Fehr (Senior Associate, Corporate).
“The settlement brings resolution to various expensive and complex litigation matters and it has been an honour to be part of this process,” stated Tim Gordon-Grant.