The firm is enlisted as external solicitors with many banks operating in Nigeria, and it has thus acquired immeasurable experience in handling legal matters for them. FRC provides comprehensive services in different banking operations and these include offering legal advice and opinions, participating in the negotiation of large credit facilities, preparation and perfection of asset-backed and secured loans, real estate loans, letter of credit facilities and loan participation. FRC also engages in legal documentation towards securing facilities offered by customers both at the Corporate Affairs Commission, Abuja as well as Land Registries all over the nation.
The firm offers its services to almost all the banks in Nigeria and it institutes legal proceedings for banks in their recovery matters as well as robustly and effectively defend them in any suit instituted against them.
FRC routinely offers legal advice and opinion to its corporate clients in their dealings with various banks and financial institutions. It advises and provides representation to its corporate clients in the structuring, negotiation and documentation of credit facilities, equipment leases, securitization and other financing transactions. It participates in project finance transactions on behalf of its clients, drafts and often participates in and/or reviews different aspects of projects’ documentation, Concession Agreements, International Commercial Agreements, Property Acquisition Agreements etc.
The firm is capable of conducting Due Diligence in respect of companies etc. It can perform Due Diligence legal research on whomsoever its clients are entering into factoring arrangements with. In this regard, apart from the involvement of Solicitors in the firm, it will, if the need arises, engage experts whose speciality is accessing different sources for relevant information apart from gleaning this information from the courts, appropriate registries, government ministries and agencies. One of the firm’s main thrust is in the various legal issues related to the factoring industry with a view to providing its clients with the most effective legal representation possible.
As banking law issues often require expertise situated in many traditional practice areas such as banking itself, finance, compliance issues, and securitisation etc, Counsel in FRC work together to provide comprehensive legal services to our banking industry clients.