Bridget King joined Cliffe Dekker Hofmeyr as a Director in 2015.

Bridget’s areas of expertise include financial services and markets regulation, banking regulation, the exchange control regime and over the counter and listed derivatives. She is local South African counsel to ISDA Inc., provides ISDA with industry opinions on the collateral, clearing and margin arrangements under ISDA agreements and assists with ISDA's initiatives in Africa. Her clients include major financial institutions (including foreign banks and financial services providers) who require advice and assistance with margin and clearing requirements under the new Financial Markets Act. She also assists foreign clients to establish (or de-register) a presence in South Africa under the Banks Act, and/or obtain Financial Services Board registration in terms of the Financial Advisory and Intermediary Services Act and/or Banks Act. She advises FinTech companies on fractional share rights trading, derivatives, CFDs, mobile money and non-bank lending.

  • Advises on derivatives, repo's and stock lending and acts as local South African counsel to the International Swaps and Derivatives Association Inc. (ISDA). She provides ISDA with the industry opinions on the collateral, clearing and margin arrangements under the ISDA agreements and assists with ISDA's initiatives in Africa. She assists the global markets teams at Nedbank, Absa Bank, Deutchse Bank, HSBC Limited, Citibank, JPMorgan and other clients in respect of the enforceability of the ISDA Master Agreement and collateral arrangements in terms of the Credit Support Documents under South African law. Bridget assists corporate and banking clients with the negotiation and execution of GMSLAs, GMRAs and ISDA Master Agreements, Schedules and Credit Support Documents.
  • Negotiated and drafted hedging agreements for gold, coal, grain and other commodities for, among others, Harmony Gold, BNP Paribas, Deutsche Bank, Cargill Inc., Continental Coal and Investec Bank Limited. Bridget drafted and advised on the loan-linked interest rate and forex hedging agreements for various sponsors, developers and lenders on 14 of the Department of Energy's renewable energy projects, and continues to do so. She also advised a major state owned entity with regards to a funded collar and stock loan arrangement documented under ISDA and GMSLA agreements.
  • Acted for Barclay's Bank Plc in relation to the banking regulatory aspects of restructuring their African assets, involving the sale of Barclay's interests in Botswana, Ghana, Kenya, Tanzania, Uganda, Zambia, Mauritius and Seychelles businesses to Absa Group in exchange for an increased shareholding in Absa Group (a deal valued at ZAR 18.3 billion) together with the formation of an integrated African holding structure in keeping with Barclays' One Bank in Africa Strategy.
  • Assisted Barclays Bank Plc with the sale of their South African business to Absa Bank Limited (ZAR 578 million) as part of Barclay's acquisition of a controlling interest in Absa Bank Limited in 2005 (ZAR 31 087 million). She continues to advise on the Banks Act requirements for registered banks to acquire offshore and local subsidiaries, establish (and de-register) branches and representative offices and for companies to acquire shares in banks and bank controlling companies.
  • Acted for EasyEquities with regards to establishing Africa's first Fractional Share Rights trading platform, including drafting all client agreements, platform terms and conditions and liaising with the South African regulators to bring the product to market. Bridget continues to advise EasyEquities and other FinTech companies with regards to the financial services and markets legislation which effects the operations of FinTech companies in South Africa.
  • Assisted Deutsche Bank Australia in connection with facilities for Babcock and Brown and assisted in drafting the Facility Agreements, Prime Brokerage Agreements, ISDA Schedules and Master Netting Agreements. Bridget assisted ASX (Australian Securities Exchange) with indemnity agreements for services provided by ASX Operations Limited.
  • Worked extensively with the National Credit Act, and was involved in redrafting the retail banking credit agreements for Standard Bank, First National Bank and recently Mercedes Benz Financial Services. She worked with the Nedbank global markets team and assisted with redrafting their agreements and documentation for compliance with the Consumer Protection Act and new Companies Act, 2008.
  • Advises local and offshore stock broking firms (and clearing members) of the JSE on the Financial  Markets Act and the Rules of the JSE Limited's Equities Division, Derivatives Division and Interest Rate and Currency Division (previously the bond market). She frequently prepares advice and agreements for the custody and administration of securities under the Rules of the Central Securities Depository, Strate Limited. She also advises on the South African insider trading regime and shareholder disclosure rules, and all aspects of the new Financial Markets Act and its subordinate legislation.

Publications

  • Bridget King authored the FinTech Law: Trends and Developments chapter for South Africa in the Chambers and Partners Global Practice Guide on Fintech Law in 2018.
  • Chambers Global 2019 Fintech Legal Guide ranks Bridget in Band 2
  • Chambers Global 2017 - 2019 ranks Bridget in Band 2 in Banking and Finance: Regulatory.
  • The Legal 500 EMEA 2017-2019 recommended Bridget for banking and finance.
  • Who's Who Legal 2018 ranked Bridget as one of the leading lawyers in Capital Markets - Structured Finance. Who's Who Legal 2018 ranked Bridget as one of the leading lawyers in Capital Markets - Debt and Equity.
  • Best Lawyers International 2019 listed her for banking and finance law.

Education

  • BCom Law and LLB (Cum Laude) and RPE (Equities).

Memberships

  • Legal Practice Council
All Podcasts