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FTInsight April/May 2016

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38 Spur Road, Freetown |

38 Spur Road, Freetown | Tel: +232 77 399399 | Website: www.swissspirithotels.com/freetown 38 Spur Road, Freetown | Tel: +232 77 399399 | www.swissspirithotels.com/freetown

Invest Sierra Leone 2016 Special Seven years of a groundbreaking partnership - Herbert Smith Freehills and the GoSL Leading international law f irm, Herbert Smith Freehills (HSF) is now in the seventh year of Fair Deal Sierra Leone - its ground breaking partnership with the Government of Sierra Leone (GoSL), providing legal assistance on a pro bono basis to help build Sierra Leone’s capacity to manage inward investment. The firm offers its services to GoSL for free, where it does not have sufficient financial, legal and human resources to achieve the best results for the country, but where it can benefit from world class legal assistance on supporting deal negotiation with international investors, helping bridge skills gaps to redress the balance when negotiating with large well-advised international investors. HSF works across a range of Government departments and bodies, including the President’s office, the Ministries of Energy, Health, Trade and Agriculture, the Attorney General’s office, the Law Officers’ Department and the investment promotions and PPP agencies; and coordinates with other development partners of GoSL (including DFID, UNDP, the World Bank, and the Africa Governance Initiative). Since its involvement with GoSL began in 2010, over 100 people across HSF have delivered over £2m worth of support, in what is believed to be the f irst pro bono facility focused by a law f irm on this scale in support of one country’s development efforts. FT Insight 11 In one example HSF was asked by the Ministry of Health to assist with the establishment of the National Pharmaceutical Procurement Agency, and the negotiation of its key supply contract. A team of HSF’s outsourcing specialists worked with GoSL for over a year alongside UNICEF and other international development agencies, to coordinate and support negotiation of the contract and creation of the requisite new legislation. On completion of the process, Zainab Hawa Bangura, Minister of GoSL, wrote: On behalf of the Government and people of Sierra Leone, I would like to extend my deepest thanks to Herbert Smith […] for your time, insights and hard work in assisting the Ministry of Health… and its partners in developing a final agreement to establish the …NPPU in Sierra Leone. […] I am deeply grateful for your invaluable help. HSF’s M&A partner Gavin Davies spent three months on his sabbatical living in Freetown in 2010, supporting the Government on deal negotiation and capacity building. Disputes associate Dan Hoyle was seconded to the Attorney General in 2011-2012 for seven months. He was followed by corporate associate Richard Woods, who spent two months of his sabbatical working with the Law Officers’ Department and the PPP unit in Freetown during the summer of 2013, and corporate associate Rebecca Perlman who was seconded to the PPP unit during February and March 2014. Rebecca Perlman of HSF says of the partnership and her experience working with the PPP Unit: “Fair Deal Sierra Leone was established by Herbert Smith Freehills to help the Government of Sierra Leone respond more effectively to growing volumes of foreign investment as part of its programme of recovery, growth and sustained development. We treat the Government of Sierra Leone like any other key global client, with a full relationship team and access to all of our expertise. We believe that Fair Deal Sierra Leone is a truly innovative project that demonstrates how lawyers can support and influence development outcomes at the highest levels, www.ftinsight.net

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© 2016 by Yumpu
Leone Sector Insight Economic Governance Freetown Countries Investors Herbert Opportunities www.ftinsight.net