The financial services sector in Mauritius has grown considerably over the last 20 years and has established itself as a well-regulated and transparent environment for businesses involved in cross border investment and finance.
Mauritius is regarded as an emerging international financial centre serving the African continent. The financial services sector is the fourth largest industry sector in Mauritius.
Our multidisciplinary team has extensive experience in acting for a range of international banks private equity firms and global investment funds who have also established a presence on the island.
Our team have vast cross border experience and are regularly asked to act on assignments in jurisdictions outside of Mauritius which include Mozambique, South Africa and Rwanda.
We have delivered a full range of domestic and cross border advisory and forensic accounting assignments, restructuring advice, in addition to undertaking formal insolvency appointments for a range of financial services sector companies including:
- Appointed Special Manager of The Delphis Bank - the 5th largest bank in Mauritius by the Bank of Mauritius. Eventually appointed Receiver of the bank. Completed a sale of the undertakings of the bank to a joint venture between an overseas bank and a local businessman, transferring the business into a new company, securing bank deposits, and ongoing employment for employees. Underperforming assets were hived off from the rest of the bank and were retained in the old co in receivership. These assets were recovered from a range of jurisdictions including Kenya, Switzerland and the UK and realised.
- Appointed liquidator to a wide range of protected cell companies.
- Appointed as solvent liquidator to a fund which had served its economic purpose, to settle liabilities and wind up the company in an orderly fashion.