De Comarmond & Koenig is advising Gulf Africa Petroleum Corporation (Gapco)
January, 2008 - Port Louis, Mauritius
De Comarmond & Koenig has been a major player in the Mauritian market for more than a century. Established in 1828, the firm has grown from strength to strength. Now under the leadership of Thierry Koenig, De Comarmond & Koenig fields a team of six lawyers with expertise across the corporate and commercial spectrum.
This year the firm has received one of the biggest mandates to hit East Africa and islands of the Indian Ocean. De Comarmond & Koenig is advising Gulf Africa Petroleum Corporation (Gapco) – a Mauritian registered entity – on insolvency litigation initiated by Barclays Bank and Standard Chartered Bank in Uganda, Tanzania, Kenya and Mauritius. The banks have appointed a liquidator to put Gapco into receivership after it allegedly defaulted on the repayment of part of a $45 million loan. Gapco controls assets worth $300 million.
The firm is also proud of its international credentials; it has an offshore practice, Maigrot Koenig, which operates from the Financial Service Center.
