Legal news

Fasken Martin opens African office

Fasken Martin, a leading business law and litigation firm has opened an office in Johannesburg, South Africa, making it the first Canadian law firm to establish an office on the African continent.

The firm believes recent developments such as the adoption of Black Empowerment legislation and other international initiatives have put South Africa on the brink of an unrivalled period of economic development. It is anticipated that the advent of this empowerment era in the African mining sector will require upwards of US$14 billion of new capital over a 10-year period. Canadian markets are likely to feature prominently as a source of capital and Fasken Martin’s global mining practice will assist in the area of mining and mine finance.