Headed also by Charles Rwechungura, this portfolio has in past five years performed impressively. Mr.Rwechungura was appointed by the High Court to be an Administrator of two distressed companies (a power generating company and a communications company). The firm recently handled three receiverships to assist a pensions fund (National Social Security Fund-NSSF) to recover its loan investments in certain companies. It is currently helping the Bank of Baroda to recover its loan from a defaulter through a receivership. A large bulk oil distributing company retained the firm to advise it in its restructuring process and stripping of ten non-core properties.
Among the beneficiaries of the firm’s services in land acquisition/dispositions and estate development are the: