Breakthrough Attorneys

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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: ANALYSIS OF THE NEW FOREIGN EXCHANGE REGULATIONS IN TANZANIA.

July 24, 2022

What do the Regulations say about investment in Securities? Are Foreigners eligible to invest in Government Securities? Requirement for Non-residents to have Securities Settlement Account Conditions for Foreign Credit Accommodation Agreements Issuance of securities in SADC and EAC member countries Maintaining Foreign Banks accounts and outward direct investment by Residents How are Export, Import, and […]

FINANCE AND TAX LAW UPDATE: OVERVIEW OF THE THE FINANCE ACT, 2022 AMENDMENTS AND ITS IMPLICATION TO BUSINESS AND INVESTMENT IN TANZANIA.

July 19, 2022

Introduction of Digital Services Tax Exemption of withholding tax from interest paid to holders of corporate and municipal bonds Tax credit for business or investment operating in both Mainland Tanzania and Zanzibar Introduction of a standard rate of tax on presumptive income Introduction of amicable settlement in tax disputes Introduction of mandatory issuance of taxpayer […]

FINANCE LAW UPDATE: BREAKTHROUGH ATTORNEYS’ OVERVIEW OF THE TANZANIA’S BUDGET FOR THE FINANCIAL YEAR 2022/2023.

June 22, 2022

Our Tax Department at Breakthrough Attorneys has prepared this general overview of the budget for the financial year 2022/2023 highlighting the estimates of the Government’s revenue and expenditure for 2022/2023.

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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