BOWMANS ADVISES ON HIGH-PROFILE COMPETITION MATTERS
Pan-African law firm Bowmans advised or was associated with three matters that were recognised as winners at the 7th Annual Global Competition Review (GCR) Awards held in Washington on Wednesday, 28 March 2017.
The GCR Awards recognise the best competition and antitrust matters of the year based on votes by members of the international competition community. They chose from shortlists of nominees, any of which would have been a deserving winner.
AB InBev’s acquisition of SABMiller was named Matter of the Year. At USD 107 billion, this was the largest M&A transaction in South African transaction history and the third largest M&A transaction globally at the date of announcement. Bowmans was local and African counsel to SABMiller and the Bowmans competition team advised from a South African perspective on all competition elements of the transaction in relation to Africa.
Microsoft’s proposed USD 26.2 billion acquisition of LinkedIn was named Merger Control Matter of the Year – Europe. This was the largest deal in Microsoft’s history and posed a number of cutting-edge challenges regarding access to data and platforms. Bowmans was local counsel to Microsoft from a competition perspective.
Nationwide Airlines’ pursuit of South African Airways, which resulted in South Africa’s first-ever court-awarded damages for a breach of competition law, was named Litigation Matter of the Year – Non-Cartel Prosecution. This award followed an enforcer finding in 2005 that South African Airways had abused its dominant position by using exclusionary loyalty rebates in incentive agreements with travel agents. Bowmans advised Nationwide from a competition perspective. This South African-based matter overtook many other significant international competition litigation matters from all around the world, and thus is a testament to the Bowmans team in this regard.
Bowmans chairman and senior partner Robert Legh says, "This is a great achievement for our Competition Practice. As a firm, it is a privilege to advise on matters that are recognised as being the best of the best on a global scale. It also serves as an external endorsement of the calibre of advice we are able to provide our clients across the continent."
The news follows closely after the release of the 2017 Chambers Global ranking which rated Bowmans Competition Team in Band 1, along with its head, Derek Lotter. Two of the firm’s female partners, Joyce Karanja-Ng’ang’a and Claire Reidy, were also included in the Global Competition Review’s Women in Antitrust 2016 Report, which recognises nearly 100 remarkable women at the helm of law firms' competition practices around the world.
For further information please contact:
Candice Moollan, Communications Manager, +27 11 669 9443 M +27 84 251 1998
Melody Makeka, Communications Co-ordinator, +27 21 480 7898, M +27 74 101 9082
Bowmans is a leading Pan-African law firm. Its track record of providing domestic and cross-border legal services in the fields of corporate law, banking and finance law and dispute resolution, spans over a century.
With 400 specialised lawyers, Bowmans is differentiated by its geographical reach, independence and the quality of legal services it provides.
The firm delivers integrated legal services to clients throughout Africa from six offices (Cape Town, Dar es Salaam, Durban, Johannesburg, Kampala and Nairobi) in four countries (Kenya, South Africa, Tanzania and Uganda).
Bowmans works closely with leading Nigerian firm, Udo Udoma & Belo-Osagie, which has offices in Abuja, Lagos and Port Harcourt, and has strong relationships with other leading law firms across the rest of Africa. It is a representative of Lex Mundi, a global association with more than 160 independent law firms in all the major centres across the globe.
Clients include corporates, multinationals and state-owned enterprises across a range of industry sectors as well as financial institutions and governments.
Bowmans expertise is frequently recognised by independent research organisations. The firm has been named African Legal Adviser by DealMakers for the last three consecutive years and South African Law Firm of the Year for 2016 by the Who’s Who Legal. Bowmans also won the Banking, Finance and Restructuring Team of the Year, the Employment Team of the Year, and the Property Team of the Year Awards at the prestigious African Legal Awards hosted by Legal Week and the Corporate Counsel Association of South Africa in 2016.