Mauritius Commercial Bank Limited

Home
Home
Mauritius Commercial Bank Limited

Mauritius Commercial Bank Limited

Our team advised MCB in relation to the security release of certain secured petroleum assets that the borrower was selling to a third party.

4 Mar 2021 1 min read Featured work

Related services

Banking, Finance & Projects

We advised on the proposed release mechanism to ensure that the lender was paid from the purchase price whilst protecting its interests. We reviewed the security agreements and partial discharge of charge and attended to its perfection.

We had to think carefully about the mechanism for release of the security to ensure that the sale transaction could proceed to completion while ensuring that the lender was adequately protected. The notice on the deal is here: https://gulfenergy.co.ke/downloads/communication-to-suppliers-and-partners.pdf

THE TEAM BEHIND THE DEAL

Sammy Ndolo

Kenya Managing Partner, Partner

Corporate & Commercial Law

You might also be interested in

20 Mar 2025

by Gerhard Badenhorst, Tersia van Schalkwyk and Varusha Moodaley

Rising rates, rising resilience: Navigating the VAT rate increase

With another value-added tax (VAT) rate increase on the horizon, businesses are once again required to navigate both the legal complexities and the operational challenges that come with the change. In his Budget Speech on 12 March 2025, the Minister of Finance (Minister) announced a phased increase in the standard rate of VAT from 15% to 15,5%, set to take effect on 1 May 2025, and thereafter from 15,5% to 16%, effective from 1 April 2026. The upcoming increases build on the 2018 amendment that raised VAT from 14% to 15%.

Tax & Exchange Control

10 min read

3 Oct 2025

by Alex Kanyi and Charity Muindi

Kenya issues draft Income Tax (Significant Economic Presence Tax) Regulations, 2025

The Commissioner of the Kenya Revenue Authority (KRA) on behalf of the Cabinet Secretary for National Treasury and Economic Planning has developed the draft Income Tax (Significant Economic Presence Tax) Regulations, 2025 (Regulations). The Regulations revoke the Income Tax (Digital Service Tax) Regulations, 2020. The Regulations seek to broaden the scope of services subject to significant economic presence tax (SEPT) and reflect the Finance Act, 2025 amendment that removed the KES 5 million turnover threshold previously applicable under the digital service tax regime.

Tax & Exchange Control

4 min read

13 Aug 2025

by Desmond Odhiambo and Faith Obunga

When the piper calls in the face of a disputed debt

The legend of the pied piper has long served as a cautionary tale for debtors who fail to honour their obligations. Ignore the piper’s call, and the price to be paid will be far greater. In today’s insolvency landscape, the statutory demand is the legal equivalent of that call: a formal written notice from a creditor to a debtor, demanding payment of an outstandingdebt.

Corporate Debt, Turnaround & Restructuring

4 min read

12 Sep 2025

by Brigitta Mangale, Elgene Roos and Sibonokuhle Baart

Access Chapter 2 admitted as amicus curiae in landmark sex work decriminalisation case

In May 2024 in the Western Cape Division of the High Court, S.H. and The Sex Workers Education and Advocacy Taskforce (SWEAT) launched a landmark legal challenge to decriminalise sex work in South Africa. In the application referred to as S.H. and Another v The Minister of Justice and Correctional Services and Others , SWEAT is the second applicant and positions itself in support of the first applicant, S.H., who is a sex worker based in Cape Town. The founding affidavit is deposed to by S.H., and in it she chronicles the harassment, lack of protection, stigmatisation and discrimination that she endures as a sex worker. In this groundbreaking and historic application, both S.H. and SWEAT seek to have the legislation that criminalises sex work in South Africa declared unconstitutional and to, as a consequence, have sex work decriminalised.

Pro Bono & Human Rights

4 min read

11 Sep 2025

by Patrick Kauta, Jackwell Feris, Magano Erkana and Nhika Vassallo

Namibia’s green hydrogen legislative framework: The proposed synthetic fuels act

The overarching purpose is to foster an enabling environment, mitigate operational uncertainty for developers, and establish stringent quality benchmarks to meet the demands of global export markets.

Industrials, Manufacturing & Trade

1 min read

16 Apr 2025

by Phetha Mchunu and Vivien Chaplin

Seized and suspended: Is your mining investment safe from political crises?

Earlier this year, Barrick Gold, a leading Canadian mining company, temporarily suspended operations at its Loulo-Gounkoto mine in Mali following the seizure of gold stocks by the Malian junta amid an ongoing revenue dispute and an interim attachment order. The seizure marked a significant escalation in the tensions between Barrick Gold and the Malian Government, which had been worsening over the past months due to a protracted financial disagreement.

Corporate & Commercial Law

5 min read