Brief biography: Born in Bunda , Tanzania , May 25, 1962. Education: University of Dar Es Salaam (LL.B., Hons., 1989); Strathclyde University (Post Graduate Diploma in Finance, 1998).
Work experience: Mr. Sadock D. Magai ranked as among the best banking and finance lawyer in the country by IFLR 1000, the Guide to the World’s Leading Financial law firms, he is well known for handling complex banking and financial transactions in the country including USD 250 million and restructuring of the Syndication loan following default by the borrower. He is regular contributor to “Getting the Deal Through” a Project Finance Jornal that covers 38 jurisdictions worldwide and published by the International Bar Association.
Chief Legal Examiner, Tanzania Institute of Bankers, 1997-. State Attorney, 1989-1990. Legal Counsel, Bank of Tanzania , 1990-1997. Member: Tanganyika Law Society, East African Law Society. Languages: English and Swahili.
Banking & Finance Law:
Our Banking & Finance Practice represents lenders, underwriters, arrangers, borrowers and other clients in their various roles in financing transactions, and provides reasoned and timely advice concerning:
Mergers and acquisitions
Tender offer financings
Bank/bond bridge financings
Debtor-in-possession and exit financings and other credit transactions.
IMMMA Advocates is part of DLA Piper Group, an alliance of legal practices, with offices in Dar es Salaam, Zanzibar and Mwanza.
IMMMA is a medium sized corporate law firm providing a wide range of legal services, including banking and finance, project finance, securities, natural resources law, privatization and acquisition of parastatal corporations, infrastructure development, telecommunication and transport divestiture, privatization, mergers and acquisitions, security documentation, insurance and social security matters, employment as well as admiralty law, taxation matters and energy and gas.
The firm has one of the leading litigation departments in Tanzania and actively supports its corporate clients in their legal needs.
IMMMA has a wide range of corporate clients, from big banking and insurance corporations to well known mining conglomerates in Tanzania . IMMMA has also played a key role in the privatization of a number of key parastatals, both as Counsel for Government and on behalf of investors and have participated in a number of merger and acquisition transactions.
IMMMA’s work has not gone unnoticed and the Firm has received several international recognitions as a leading business law firm. Below is a highlight of some of these recognitions:
Chambers Global (2016) Market Perception says “They have their share of the market and are still doing very well.”
IMMMA is ranked in
Band 2 in the General Business law by the Chambers Global (2016).
Tier 1 in Energy and Infrastructure and Tier 2 in Financial and corporate by the IFLR 1000 (2016).
First Tier in Legal market overview by the Legal 500 (2016).
The Firm’s commitment to client’s service and delivery is paramount and IMMMA is selective in its acceptance of new corporate clients to maintain this excellent reputation.