26 September 2012
Watson, Farley & Williams Asia Practice, Singapore (“WFW”), a leading international law firm, is pleased to announce that it has advised Lekki Port LFTZ Enterprise (“LPLE”), in relation to the Container Terminal Operator Sub-Concession Agreement (“Sub-Concession Agreement”) at a deep water port in Ibeju Lekki, Lagos, Nigeria (“Lekki Port”).
LPLE, as master concessionaire, has granted International Container Terminal Services Inc., a leading international container terminal operator, a sub-concession to operate the container terminal at the Lekki Port on the terms and conditions of the Sub-Concession Agreement.
This was a complex cross-border transaction which is expected to contribute significantly to the continued growth of the region’s economy.
Partner Chris Lowe said: “We are pleased to have advised on this very exciting venture which will no doubt contribute positively to trade and commerce in West Africa.”