Leonard John Businge

Legal Associate
Corporate Advisory
+256 393 260 017
+256 393 260 330

 BACKGROUND.

Leonard is an Associate at the firm and works with the Commercial Transactions team. Leonard acts for and advises clients on mergers and acquisitions, corporate structuring, investment law and drafting of technical and complex commercial agreements and documents including shareholders’ agreements and sales and purchase agreements. He holds an LL.B (Hons) degree from Makerere University Kampala and a Post Graduate Diploma in Legal Practice. Leonard is interested in the field of commercial law.

MEMBERSHIP IN PROFESSIONAL SOCIETIES

  • Advocate, High Court of Uganda
  • Member, Uganda Law Society
  • Member, East Africa Law Society

PROFESSIONAL QUALIFICATIONS

  • LL.B (Hons), Makerere University, Uganda
  • Dip. L.P (Bar Course), Law Development Centre, Uganda

CAREER SUMMARY

  • 2020 - DATE     Associate, MMAKS Advocates, Uganda
  • 2018 - 2019     Senior Associate, Kampala Associated Advocates, Uganda
  • 2014 - 2018     Associate, Kampala Associated Advocates, Uganda

AREAS OF EXPERTISE

  • Mergers and Acquisitions
  • Private Equity
  • Technology, Media and Telecommunications
  • Corporate commercial
  • Banking
  • Corporate Finance

TOP MATTERS 

  • Part of the stakeholder engagements convened by the Capital Markets Authority for the preparation of the draft Capital Markets (Accounting and Financial Requirements) Regulations, 2022, the draft Capital Markets (Licensing and Approval) Regulations 2022 and the draft Capital Markets Authority (Conduct of Business) Regulations 2022.
  • Part of the team that is advising Investisseur & Partenaire Developpement Limited PCC, IPDEV II and Damascus Advisory LLP on the structuring and setting up of their venture capital fund in Uganda. The advice involves fund structuring, corporate governance and compliance issues and other related matters.
  • Part of the team that is advising Alterra Capital Partners, a majority shareholder in a leading pharmaceutical company and pharmaceutical products manufacturer in Uganda and East Africa, on the proposed disposal of its shareholding in these entities. We were required to support the client’s Ugandan subsidiaries with preparing and availing the necessary documentation, policies and practices required by the proposed acquirer in preparation for the proposed acquisition.
  • Led the team that is advising New Forests Asset Management Pty on its acquisition of subsidiaries of Green Resources AS, including in Uganda. This advice involves conducting a red-flag due diligence on the Ugandan entity and advising on all related legal and regulatory matters connected with this acquisition.
  • Part of the team that advised Simbanet (U) Limited on its proposed amalgamation with Wananchi Cable Uganda Limited, both of which are subsidiaries of Wananchi Group (Holdings) Limited, a leading telecommunications provider in Africa. This involved advising on all legal and regulatory aspects connected therewith.
  • Part of the team that provided legal and regulatory advice to the conversion into equity of certain debt held by shareholders of Wananchi Group (Holdings) Limited, a leading telecommunications provider in Africa.
  • Part of the team that advised SN Power Netherlands B.V. on the disposal of 10% of its shareholding in Bujagali Energy Limited.
  • Part of the team that advised on the acquisition of the retirement benefits scheme and unit trust business of Stanlib Uganda Limited, a leading retirement benefits scheme by ICEA LION Asset Management (U) Limited.
  • Part of the team that is advising a leading asset management company in Uganda on its proposed amalgamation of two of its unit trust schemes. This includes advising on the regulatory landscape for asset management in Uganda and all applicable statutory, and contractual consents, permit and approvals required for the transaction.
  • Part of the team that is advising a leading insurance company on the reorganization of the shareholding of all its Ugandan entities.
  • Part of the team that is providing legal and regulatory advice to a licensed money remittance company on the change of control requirements under Ugandan law.
  • Acted as counsel for Total Outre Mer S.A on the regulatory aspects in the acquisition of Gulf Africa Petroleum Corporation, the sole shareholder of Gapco Uganda Limited.
  • Acted as counsel for a client on the regulatory aspects of an acquisition of a conglomerate that operates in the East African region engaged in the supply of auto parts.
  • Acted as counsel for Kolibri Kapital ASA (a Norwegian micro finance institution) and conducted a due diligence on Stromme Microfinance East Africa Limited, a Uganda incorporated micro finance company.
  • Acted as counsel for Saipem International BV in structuring an acquisition of Habib Oil’s 49% shareholding in Saipem East Africa Limited by its subsidiary, Snamprogetti Netherlands BV.
  • Part of the team that advised Jervois Mining (an Australian listed entity) in the acquisition of a stake in Eurasian Capital (a Canadian owned entity with interests in the Ugandan cobalt mining sector.
  • Acted as counsel for British Education Fund as it acquired Uganda’s only online university valued at 800,000 Pounds Sterling.
  • Acted as counsel for KKR on the acquisition of Unilever’s spreads business globally, but specifically in Uganda.
  • Acted as counsel for a mobile telecommunications company on the potential acquisition of its radio frequency spectrum by another telecommunications company in a deal valued at USD. 16,000,000.
  • Acted as counsel for Finasi SRL in the negotiation and structuring of a project involving the design, finance, construction, equipping and operation of a specialized hospital for the Government of Uganda.
  • Acted as counsel for a petroleum products supplier on the acquisition of all the fuel stations owned by another local petroleum supplier, in a transaction worth USD. 10,000,000.
  • Acted as counsel for East African Development Bank on the financing of the construction of East African Medical Vitals Limited, the first medical sundries manufacturing plant in Uganda, worth USD. 6,335,000.
  • Acted as counsel for Standard Chartered Bank on a USD. 104,022,277 backed Term Loan Facility Agreement between SINOSURE and the Government of Uganda.
  • Acted as counsel for Children of Rwenzori, an international NGO, on the construction of a malaria clinic, maternity ward and other assorted buildings in Kasese District worth over US$ 400,000.
  • Member of the Technical Working Group that is drafting the first national policies on the regulation of digital assets and emerging technologies in Uganda.