CAL Bank Limited 9000083010
Closed Special Notice Posted
- Responses due
- Set-aside
- No set-aside
Opportunity facts
- Place of performance
- Washington, District of Columbia 20527, United States
- Points of contact
Notice details come from SAM.gov. Updated .
About this opportunity
This Special Notice is from the International Development Finance Corporation (DFC), a civilian federal agency, regarding legal services required for a transaction/restructuring involving a $100 million loan originally committed by the Overseas Private Investment Corporation (OPIC) to Cal Bank plc, a Ghanaian bank.
The purpose of this notice is to announce a direct award (sole source) for the required legal services in accordance with FAR 13, which is expected to take place over the next 1-2 years and will involve engaging local counsel due to the local regulatory regime. The deadline for this opportunity is June 27, 2024, and the sole-source awardee is A&O Sherman, a law firm located in Washington, D.C. There are no set-aside requirements for this contract, and the high-level overview indicates it is related to the refinancing of an OPIC-guaranteed Citibank loan and on-lending to Ghanaian small and medium enterprises.
Notice text
Title of Requirement: Legal Services for Transaction / Restructuring Counsel (incl. local counsel)
This will be a direct award (Sole Source) for legal requirements IAW FAR 13 to:
A&O Sherman (“A&O”)
1101 New York Avenue NW
Washington, D.C. 20005
Scope: In 2018, OPIC committed a $100mm loan to Cal Bank plc (the “Borrower” or “Cal Bank”), a Ghanian bank, (i) for on-lending to Ghanaian small and medium enterprises and (ii) to refinance an OPIC-guaranteed Citibank loan of $8.3 million to Cal Bank.
The scope of work pertains to that restructuring and related negotiation, which we anticipate will take place over the next 1-2 years, subject to regulatory approvals. Given the local regulatory regime relevant to the borrower, DFC expects that the engaged vendor will also engage local counsel.
Similar open opportunities
| Opportunity | Agency | Set-aside | Responses due |
|---|---|---|---|
| Legal services ongoing maintenance and enforcement of settlement agreements and judgments already obtained by DFC | International Development Finance Corporation | No set-aside |
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