Legal fight is on.......!

Looks like big boys who really want this deal to go through have hired some big guns to make sure it does......

Law Firms the World OverUnite For China-Zimbabwe Mining Deal

Firms from as far afield as Australia,China, Singapore and Zimbabwe are advising on the deal.

Lawfirms from around the world are advising as Chinese company Zhejiang HuayouCobalt acquires Arcadia Lithium Mine in Zimbabwe, majority-owned by Australianbased Prospect Resources, in a deal worth $422 million.

Prospectsays the transaction highlights the benefits flowing from the Special EconomicZone status of Arcadia Lithium Mine, with its potential to “put Zimbabwe firmlyin the electric vehicle supply chain”.

Huayou hasturned to Australian firm Minter Ellison, Jingtian & Gongcheng in China,Scanlen & Holderness in Zimbabwe and Morgan Lewis Stamford in Singapore,according to a statement on the deal.

King& Wood Mallesons in Australia, and Manokore Attorneys, and DLA Piper Africain Zimbabwe are Prospect’s two legal advisers.

Scanlen& Holderness’ senior partner Sternford Moyo told Law.com International thatlithium is a highly sought after commodity.

“Itis used in producing batteries, energy storage, electric vehicles, portabledevices and solar panels, and Zimbabwe has one of the world’s largest reservesof Lithium.”

Moyois leading the Scanlan & Holderness team advising Huayou on the Zimbabwelaw aspects of the matter, assisted by partner Memory Mafo, and associateTapiwa Chivanga.

TheMorgan Lewis Stamford team advising Huayou is led by director Bernard Lui,supported by associate director Gina Ng, and associate Aden Tan.

Zimbabwefirm Manokore’s team advising Prospect was led by partner Jabulani Nhongo,supported by senior associate Farai Nyabereka, associate Tatenda Tendayi, andconsultant Rainor Robinson.

Thetransaction is expected to be completed by the second quarter of 2022, subjectto Prospect shareholder approval, Chinese regulatory approvals and all otherconditions being satisfied or waived.