ERM partner Asaf Rimon has featured in Globes, a leading Israeli financial newspaper, in their coverage of the round table discussion hosted by the firm with former South African opposition leader Tony Leon, now Senior Advisor to K2 Business Intelligence.
The event, which was attended by various industry leaders, addressed the topic of “Doing Business in Africa” with Tony imparting his wide knowledge of the region.
Tony observed that: “Resource-dependent economies are obviously keenly sensitive to downturn in metal and energy prices and the effects are being felt across most West African coastal states. But common to all of Africa, and a huge trade and investment deterrent, are chronic infrastructural bottlenecks. Transport costs in the continent are reckoned to be 63% higher than in other developing regions and a 2010 World Bank report estimates that $93bn is needed to bring in basic infrastructure across the continent.”
Asaf, partner in ERM’s energy and infrastructure team stated that: “the thirst in Africa for Israeli knowledge and entrepreneurship is no longer limited to defense and security matters and many Israeli companies are currently active in Africa. Foreign companies and banks negotiating the establishment of projects in Africa will commonly prefer selecting London as a place of jurisdiction or arbitration and will choose for the governing law to be English law rather than that of the location of the project”.
Please click here to read the full article in Hebrew.
Epstein Rosenblum Maoz (ERM) is regularly ranked as experts in the leading international legal directories, including IFLR 1000, Chambers and Partners, Legal500 in our core practice areas (corporate, finance, projects and technology) and as one of the leading Israeli law firms.
For more information, please contact Asaf Rimon or another member of our team.