TEMPLARS (Ghana) Advises First Atlantic Bank plc on Its Expansion into Liberia

The mandate encompassed end-to-end legal and regulatory support for the establishment and licensing of the new banking institution, including advising on the licensing and regulatory approval process before the Central Bank of Liberia in close coordination with Liberian counsel.

Our work extended to the design and implementation of the subsidiary’s regulatory and corporate governance framework, development of key governance and operational policies, legal due diligence on local shareholders and strategic partners, structuring the board and governance architecture, and advising on the regulatory aspects of the appointment of senior management and other foundational employment and personnel matters.

The successful completion of the process culminated in the commencement of operations by First Atlantic Bank Liberia Limited in Monrovia, establishing the bank’s first international banking subsidiary and a significant platform for its continued expansion across Africa.

The TEMPLARS team was led by Partner Sarpong Odame. Managing Partner (Ghana), Augustine Kidisil, supported on key aspects of the engagement. The team also included Associates Eyram Homenya and Maame Adwoa Kwankyewaah Awuah.