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You are here: Home / Practicing Areas / Banking and Finance Law

Banking and Finance Law

There is an exceptional volatility in the global financial system which is subjecting market participants to extraordinary risk and uncertainty. The reassessment of risk by both lenders and borrowers has resulted in a less borrower-friendly environment and more restrictive terms in finance documents. Sporadic changes in the financial, institutional and regulatory framework have transformed the way banking business is conducted and are affecting legal arrangements. We are keen to assist and swiftly advising our clients to adapt to the new banking ways so as to help them to achieve their business objectives.

Breakthrough Attorneys has the experience and insight to help its clients navigate current financial markets in Banking and Finance Securities. We advise on all aspects of cross-border and domestic financing across a wide range of industries from manufacturing to everything in between. Our team is experienced in local and international banking and finance laws, regulations and customs. Our Advocates combined have worked for and advised over 15 local and international commercial banks, investment banks and merchant banks as well as financial institutions in all matters including drafting and execution of lending and securities documents; local banking compliance rules and regulations; bank-customer regulations; registration of securities at respective registries; and recovery and litigation proceedings at every level of the judiciary system.

Practice Related Articles

FINANCE LAW UPDATE: FOREIGN CURRENCY BAN: WHAT TANZANIAN BUSINESSES NEED TO KNOW

July 22, 2024

Breakthrough Attorneys has prepared this Article as a guide to businesses and service providers on the current limitations on foreign currency transactions in Tanzania.

FINANCE AND TAX LAW UPDATE: OVERVIEW OF THE TAX AND NON-TAX CHANGES FOR TANZANIA AS PER FINANCE ACT 2024

July 12, 2024

Fiscal receipt is a mandatory requirement for local purchases for income tax Rental of construction machinery and equipment attracts WHT at the rate of 10% Service of documents between the Commissioner General and Taxpayers by electronic means acceptable Admission of notices of objection made clearer Value of 1 currency point increased to TZS 20,000 Supply […]

FINANCE LAW UPDATE: ANALYSIS OF RECENT AMENDMENTS TO TANZANIA’S FOREIGN EXCHANGE REGULATIONS

November 5, 2023

The Foreign Exchange Regulations, GN No. 294 (the Regulations), were issued by the Governor of the Bank of Tanzania in May 2022. The Regulations was a much awaited update of the Foreign Exchange Regulations, 1998 and the Foreign Exchange (Listed Securities) Regulations, 2003, and the Foreign Exchange Circular No. 6000/DEM/EX.REG/58 of 24th September 1998 which regulated foreign exchange in Tanzania before the Regulations.

Practicing Areas

  • CORPORATE SECRETARIAL SERVICES
  • LITIGATION PRACTICE
  • INTELLECTUAL PROPERTY
  • SUCCESSION LAWS AND ESTATE PLANNING
  • BANKING AND FINANCE LAW
  • CAPITAL MARKETS AND SECURITIES
  • ENERGY, OIL, GAS AND MINING
  • PRIVATE EQUITY
  • REAL ESTATE AND CONSTRUCTION
  • MERGERS AND ACQUISITIONS (M&AS) AND OTHER FAIR COMPETITION RELATED MATTERS
  • INTERNATIONAL TRADE LAW
  • TAX LAW
  • TRAINING
  • TRANSPORT
  • WILDLIFE AND TOURISM LAWS
  • CORPORATE COMMERCIAL LAW

Contact

Breakthrough Attorneys
T: +255 222 603 002
F: +255 222 603 001
M: +255 784 763 933
E: info@breakthroughattorneys.co.tz

Address
66 BTA House, Plot No. 331/00
Msasani Road, Oysterbay,
Opposite United Nations, Umoja House,
P.O. Box 72838
Dar es Salaam, Tanzania
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About us

Breakthrough Attorneys is an ultramodern legal practice based in Dar es Salaam, Tanzania having a spectrum of cross-borders practices that caters for local and multinational corporations, financial institutions, government entities as well as business private individuals concerning their legal needs around the globe.
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