CRB AFRICA LEGAL joins IR as the exclusive Commercial and Corporate Law Member in Tanzania
Published 21 Sep, 2016
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Charles is the founder and Managing Partner of CRB AFRICA LEGAL. He is an experienced consultant in the fields of mining, corporate, banking and financial law and is held in high regard by clients and peers. Chambers Global Guide to the World’s Leading Lawyers describes market observers as “praising Charles Rwechungura’s ‘hands-on approach’ to an array of work, including mining, banking and finance activities.”
Charles regularly advises mining exploration and extraction companies on corporate and commercial issues such as joint venture agreements, transfers or assignments of mineral rights, applications for mining and prospecting licenses and has conducted multiple large-scale due diligence exercises for foreign investors looking to invest in the Tanzanian mining sector.
In addition, Charles acts for many of the national and foreign banks operating in Tanzania, advising them on the full range of financial and banking law issues. He has advised on over six equity IPOs and bonds listing at the Dar es salaam Stock Exchange and two cross listings of bond issues for the East African Development Bank (EADB) as well as the Eastern and Southern African Trade and Development Bank (PTA Bank). In recognition of his industry knowledge and legal expertise he is often appointed to act as arbitrator on complex commercial disputes.
Charles cut his teeth in project finance during the early 1980s while working for six years as an in-house corporate counsel in the National Textile Corporation (TEXCO), a large corporation that sourced funds from international financiers for the construction and management of over 16 textile manufacturing projects. He moved to work for another six years as Head Counsel at the Tanzania Investment Bank (TIB), a foreign funded project financier through long term secured lending. He ventured into private practice in 1993 as founder partner in the firm Maajar & Rwechungura Law Office that eventually merged with another law firm to become REX ATTORNEYS from where he retired to found CRB AFRICA LEGAL.
Charles obtained an LLB (Hons) from the University of Dar es Salaam in 1977.
He has held professional leadership positions at local and international.
He is the current President of the Tanganyika Law Society, the Bar Association of Tanzania Mainland, and an ex official member of the Council of the International Bar Association (IBA) and the East African Law Society (EALS). Other previous positions held by Charles are:
Mr. Rwechungura is a member of several professional bodies, amongst which are:
CRB AFRICA LEGAL (“the firm” or “CRB”), celebrated its 6th Anniversary in the market in February 2015. Founded in February 2009 as a solo practice (originally under the name CRB ATTORNEYS), the firm has steadilydeveloped to win a place among the top ranking reputable providers of corporate legal services in Tanzania. The firm has four Partners, three Associates and five Legal Officers. Within a year of commencing business the firm was profiled in the prestigious 2010 Edition of IFLR 1000 (the Guide to the World’s Leading Financial Law Firms) and it has consistently been featured in the subsequent editions including the current 2015 Edition.(www.iflr1000.com).
In 2012 the firm featured in Chambers Global (the World’s Leading Lawyers for Business) (www.chambersandpartners.com) , ranked under Band 3 in the General Business Law category of leading law firms and Charles R. B. Rwechungura, the founder of the firm and its Managing Partner, was ranked under Band 2 in the leading individuals categories in General Business Law and Dispute Resolution categories. It has since been ranked in all the subsequent Chambers Global editions.
Since 2012, the Managing Partner of the firm has annually been listed in the Mining and Banking editions of the WHO’S WHO LEGAL publications (www.whoswholegal.com).
The firm is duly registered as a partnership under the laws of Tanzania and has a USD 2 million professional indemnity cover from a reputable insurer, ICEA Lion Insurance Company (T) Limited.
As of December 2015, the CRB team of professional lawyers includes the Managing Partner, a Principal Partner, a Senior Partner, two Junior Partners, and six Legal Officers. The firm expects to be joined by two Senior Partners in the year 2016. Out of these, six are duly admitted practicing Advocates. The vision of the firm is to become and remain a provider of a broad spectrum of high quality services to the satisfaction of clients. Although the firm is relatively new in the market, the three partners between them have vast experience as corporate and general legal practitioners in the Tanzanian market and in handling complex international transactions in various fields.