Bilingual Legal Consultant (ENG-FR) to Support the Special Operations Unit (SNOU) - PGCL at the African Development Bank Group (AfDB)

African Development Bank Group (AfDB) - Established in 1964, the African Development Bank is the premier pan-African development institution, promoting economic growth and social progress across the continent. There are 80 member states, including 54 in Africa (Regional Member Countries). The Bank’s development agenda is delivering the financial and technical support for transformative projects that will significantly reduce poverty through inclusive and sustainable economic growth.

We are recruiting to fill the position below:

Job Title: EOI - Selection of 1 (one) Bilingual Legal Consultant (ENG-FR) to support the Special Operations Unit (SNOU) - PGCL

Location: Abidjan, Cote d'Ivoire
Duration of the assignment: 6 months
Expected Start Date: August 2023
Job family: Other
Consultant type: Individual Consultant

Brief Description

• PGCL.2 is seeking one (1) bilingual legal consultant (working languages: English and French) who will work under the direct supervision of the Division Manager and the SNOU Chief Legal Counsel in the Private Sector Operations Division (PGCL.2).
• The consultant will be primarily responsible for providing legal support to the Bank’s Special Operations Unit (‘SNOU’), particularly with respect (but not limited) to projects located in anglophone and francophone jurisdictions but may also assist the Division Team in achieving its Work Program. 
• We hereby invites individual consultants to submit their proposals in respect of the following consultancy assignment: “Selection of 1 (one) Bilingual Legal Consultant (ENG-FR) to support the Special Operations Unit (SNOU)”. 
• The General Counsel and Legal Services Department (PGCL) provides legal services to the statutory organs of the African Development Bank Group.
• In addition, the Legal Department provides legal advice on the administration, operations and financial activities of the Bank.
• The Legal Department also ensures that the Bank's activities and operations are consistent with the constitutive documents and other legal instruments of the Bank, its policies, the relevant norms and principles of international and commercial law, as well as the best practices of international development banking.
• The principal objectives of the Private Sector Operations Division (PGCL.2) of the Legal Department are to handle private sector and other non-sovereign transactions and support the work of the Bank regarding the private sector and the financial sector as well as special operations.
• These transactions comprise principally non-sovereign loans, guarantees, project finance transactions, syndicated loans (including A-B loans), trade finance, private equity and direct equity investments, amongst others.
• The Private Sector Operations Division provides legal and advisory services to several client departments and units across the Bank’s private sector ecosystem, which includes the Special Operations Unit.
• The Special Operations Unit (SNOU) is responsible for managing problem investments in the Bank’s Non-Sovereign Loan and Equity portfolios and provides assets resolution and workout solutions by managing such investments, with emphasis on preserving value and managing reputational risks under adverse conditions while maximizing development impact.
• The transactions handled by the SNOU comprise principally non-sovereign loans and, in particular, project finance and syndicated loans, guarantees, trade finance and private equity transactions, amongst others. The SNOU requires specialist and time-effective legal support and advice in developing and implementing appropriate workout solutions for the Bank’s non-performing transactions.
• PGCL.2 is seeking one (1) bilingual legal consultant (working languages: English and French) who will work under the direct supervision of the Division Manager and the SNOU Chief Legal Counsel in the Private Sector Operations Division (PGCL.2).
• The consultant will be primarily responsible for providing legal support to the Bank’s Special Operations Unit (‘SNOU’), particularly with respect (but not limited) to projects located in anglophone and francophone jurisdictions but may also assist the Division Team in achieving its Work Program. 

Key Responsibilities

• Develop legal practical, innovative and creative restructuring and workout solutions for complex infrastructure projects (including energy projects, toll roads, airports and ports, amongst others);
• Advising on distressed investments and non-performing loans, while ensuring compliance with applicable rules, regulations and Bank policies
• Advising as appropriate, on documentation in connection with any creditors’ rights issues, on any bankruptcy, insolvency and on any potential dispute resolution alternatives that may be required as part of any debt recovery and insolvency proceedings
• Advising on appropriate means for asset resolution including, but not limited to, any asset sales.

Other Responsibilities:

• Conducting legal due diligence on proposed transactions including the review of, among others, project documents and agreements (e.g. development or construction contracts, supply agreements, concession agreements, joint-venture agreements etc.), constitutive documents of proposed borrowers/investee companies and funds (e.g. corporate documents, shareholders’ agreements, management agreements etc.) as well as legal and regulatory requirements;
• Drafting and/or reviewing, negotiating and finalising all legal documentation relevant to Bank’s lending and other investments, including (without limitation) term sheets, loan agreements, lines of credit agreements, common terms agreements, guarantee agreements, participation agreements etc., depending on the nature of the project and the type of investment from time to time concerned;
• Advising on transaction structure and documentation for private equity investments by the Bank to ensure compliance with Bank’s policies and practice as well as applicable laws including drafting and/or reviewing shareholders’ agreements, partnership agreements, management agreements, coinvestment agreements, subscription agreements etc.;
• Advising on transaction structure and deal documentation for project finance, trade finance, corporate finance etc.;
• Liaising and collaborating with staff in private sector operations, finance, environmental and social complexes and regional centres to develop the appropriate terms and conditions of transactions, ensuring compliance with applicable rules, regulations and Bank’s policies;
• Participating in project appraisal missions and reviewing project concept notes, project appraisal reports and advising as appropriate;
• Drafting board resolutions and assisting in preparing projects for presentation to the Board of Directors;
• Providing legal support for the implementation and monitoring of projects post-financial close including advising on waiver requests, consents and approvals and project workouts amongst others;
• Liaising with co-lenders/investors, partners and external counsel as appropriate;
• Undertaking any other missions in the performance of the foregoing tasks;
• Provide legal input in connection with the formulation of policy and guidelines in private sector operations; and
• Performing such other assignments and duties in furtherance of the Department's mandate as may be assigned by the General Counsel, the PGCL.2 Manager and/or the PGCL.2 Legal Officer(s) designated by the latter.

5. The Bank hereby invites individual consultants interested in applying for the consultancy to submit their proposals pursuant to paragraph 12 below. Proposals must mention/ refer to “Selection of 1 (one) Bilingual Legal Consultant (ENG-FR) to support the Special Operations Unit (SNOU)”, and include the following documentation:

• A short statement commenting on the consulting assignment, stating the consultant’s relevant experience and capacity to perform the services set out therein and confirming her/his availability for a 6-month period starting as from August 2023 (indicatively)
• A detailed Curriculum Vitae (CV).

The consultants should meet the following Qualifications and Requirements

• At least a Master's Degree in Law (or its equivalent), or a First University Degree plus a relevant combination of academic qualification in Law (e.g. Juris Doctor (JD)) and admission to the Bar of (or diploma to practice law in) one of the African Development Bank’s Member Countries, preferably to the Bar of a francophone civil law country. Furthermore, a specialization in, or working knowledge of, OHADA law would be an asset;
• At least 5 years of relevant professional experience with an established law firm, or the legal department of a private or public entity or an international financial institution, with proven technical competence and experience in:
  • International banking and/or corporate transactions (i.e. project finance transactions, cross-border M&As, investment funds, trade finance etc.)
  • Restructuring and workouts, cross-border insolvency and bankruptcy, distressed debt and asset resolution, with a focus on infrastructure projects;
• Excellent negotiation skills and demonstrated ability to work under pressure and deliver within tight deadlines;
• Possess a versatile multi-disciplinary skills-set, an ability to work in a multi-cultural environment and effective communication, team building, inter-personal, writing and analytical skills;
• Ability to communicate, write and work in both English and French languages is mandatorily required;
• Preferably, experience with, or to act on behalf of, multilateral development banks (MDBs) and/or international financial institutions (IFIs) in the domain of private sector operations;
• Preferably, knowledge of the Region (experience in African countries);
• IT competence in the use of standard software such as MS Word, Power Point, Excel and Internet.

Remuneration
The consultant will receive a monthly lump sum commensurate with his/her experience; no additional benefits will be paid

Application Closing Date
26th May, 2023 before 17:00 (Abidjan time).