Benedict A. Ishabakaki

Executive Partner

Benedict is a strategically innovative lawyer, carrying with him an aura of aggressiveness and tactical solutions to complex issues. He brings to the firm a large clientele of International and Local Corporations.

Overview

Benedict specializes in corporate law, telecommunications & ICT law, banking and finance law, capital markets and securities law, tax law and non-for-profits.

He possesses broad experience on contemporary corporate and commercial issues revolving around mergers & acquisitions, Tax compliance and Transfer Pricing, Corporate Management and Restructuring, Project Facilitation & Business Planning, Corporate Real Estate, Insolvency Management and Dissolution of Companies. Ishabakaki has facilitated most of these undertakings on behalf of some of the key players in the tourism, mining and ICT, media and telecoms sectors in the country.

He holds undoubtable influence over majority of the International and Local Non-Governmental Organizations, Societies, Trusts and Clubs, in the country, in regard to legal compliance, litigation and property management. He has received exceptional recommendations from majority of these corporations, due to his agility in partaking in the legal restructuring most of them amidst the 2019 changes in the law, which affected the being of these institutions.

Benedict is an Advocate of the High Court of Tanzania and Subordinate Courts thereto.

Practice Focus

Benedict advises large multinational Corporations in the energy, tourism and the ICT and Telecoms sectors on enormous capital investment ventures. He is renowned for providing solutions to salvage corporations from their legal ordeals.

Benedict has successfully litigated and appeared for arbitration on behalf of companies and individuals, on several commercial, economic and general criminal cases in the ICT & Telecoms, Tourism and Extractives sectors amongst others. He has facilitated major plea bargaining deals on behalf of clients facing criminal charges on financial and economic crimes, the major being money laundering.

He also works with telecoms infrastructure and smart devices manufacturers, designers, developers and sellers, broadcasting companies and media outlets with local and international presence. His specialty is on assisting clients on general regulatory compliance, network access issues, licensing, franchising, and contracting and tax compliance and general dispute resolution.

Benedict also extends services in practice areas such as mergers and acquisitions, legal advisory on Initial Public Offering at the Capital Markets and Securities Authority (CMSA), and international and local tax planning. Additionally, he represents clients in dispute proceedings at the Tanzania Communications Regulatory Authority (TCRA) and in quasi-judicial legal proceedings at the Fair Competition Tribunal.

Education

Benedict holds a Bachelor’s degree in law an (LL.B Hons.) from the University of Dar es Salaam and Postgraduate Diploma in Legal Practice of the Law School of Tanzania, he has attended several short causes in project management and human rights in USA, Netherlands and Sweden. Benedict is training to become a certified capital markets securities legal expert with the Tanzanian Capital Markets and Securities Authority (CMSA).

Professional Associations & Memberships

  • Tanganyika Law Society
  • East Africa Law Society
  • International Bar Association (IBA)
  • CEO Roundtable Tanzania

SERVICES

AGRIBUSINESS & FOOD                         

ARBITRATION & LITIGATION

BANKING & FINANCIAL SERVICES

CAPITAL MARKETS & SECURITIES

COMPETITION

COMPLIANCE & INVESTIGATIONS

CONSTRUCTION & PROCUREMENT

CONSUMER PROTECTION

CORPORATE GOVERNANCE, RESTRUCTURING & INSOLVENCY

CORPORATE SERVICES

ECONOMIC AND ORGANIZED CRIMES LITIGATION/ PLEA BARGAINING

EMPLOYMENT & COMPENSATION

ENVIRONMENTAL, HEALTH & SAFETY

INSURANCE COVERAGE & RECOVERY

INTELLECTUAL PROPERTY

INTERNATIONAL TRADE & FINANCE

MERGERS & ACQUISITIONS

MINING

NON-PROFIT INSTITUTIONS

OIL & GAS

PROJECT DEVELOPMENT & FINANCE

TAXATION

SECTORS

AVIATION

CUSTOMER GOODS FOOD & RETAIL

ENERGY & NATURAL RESOURCES

HOTELS & LEISURE

INDUSTRIALS

INFRASTRUCTURE

FINANCIAL SERVICES

TELECOMMUNICATIONS, MEDIA AND TECHNOLOGY

REAL ESTATE  

QUICK LINKS

MOOT COURT COMPETITION

ESSAY COMPETITION

FIRM PROFILE

NOTABLE ACHIEVEMENT

RESTORING OF BAHARI BEACH HOTEL

We have managed to advice and work with the government of Libya through its investment company LAICO in restoring its property in Tanzania the Bahari Beach Hotel Limited.

HANDLING CLIENTS ON USAID PROJECTS AND EU FUNDS

We have managed to advise over 20 International and Local NGOs and other not-for-profit entities on legal and regulatory compliance, most especially in the advent of legal 2019 amendments. Our firm boasts experience in handling clients on USAID projects and EU funds.

SECURED THE BEST PLEAS DEALS WITH THE DIRECTOR FOR PUBLIC PROSECUTION (DPP)

We have secured the best pleas deals/plea agreement with the office of the Director for Public Prosecution (DPP) for clients in the Banking & Finance, Telecoms and Wildlife, Tourism and Leisure industries.

HANDLING LIQUIDATION FOR THE FIRST INSURANCE COMPANY

We have created a precedent on Corporate Restructuring & Insolvency through handling liquidation for the first insurance company undergoing voluntary winding up.

Victory Attorneys & Consultants © 2022

Augustine Dominic Shio

Managing Partner

Augustine Dominic Shio is also known as Mr Shio is a highly sought-after and widely recognized criminal law expert with more than 30 years of experience advising and assisting corporations and individuals charged with white-collar crimes.

Overview

Before founding the firm Mr Shio held several positions in the public sector, he served as a Principal State Attorney at the Attorney General’s Chambers, Legal Advisor at the President’s Office (Commission for Enforcement of the Leadership Code), Director of Legal Services and Complaints at the Ministry of Home Affairs and retired as a Deputy Director of Public Prosecutions at the Directorate of the Public Prosecutions.

Mr Shio is a recipient of the Presidential Medal for his distinctive public services and ethics of the highest order. His distinguished aptitude in handling complex criminal cases, particularly money laundering, economic and organized crimes has enabled the firm to handle high profile criminal cases in Tanzania.

Practice Focus

As the firm’s head of the Financial & Organized Crimes Department, Mr Shio represents corporations and individuals in the telecoms, media & ICT, mining, oil & gas and banking sectors in high profile criminal cases. He has advised and prepared legal compliance models and for large scale agribusiness operators, public listed companies and securities dealers and brokers in line with sector-specific laws.

He possesses vast experience in advising multinational corporations on money laundering and tax evasion throughout the life span of their commercial transactions.

Mr Shio has represented clients in major plea bargaining negotiations at the office of the Director of Public Prosecutions. He is renowned for closing some of the best pleas deals in the country on behalf of many locals and expatriates charged with money laundering, economic and organized crimes and cybercrimes. Additionally, Mr Shio consults and assists criminally charged individuals to secure pre-trail and post-trial bail on serious criminal charges.

Education

Mr Shio holds a Bachelor’s Degree (LL.B Hons) from the University of Dar es Salaam, Certificate in Criminal Justice and Treatment of Offenders from the United Nations Institute (Fuchu, Japan). He is a certified criminal law expert in Money Laundering and Terrorism.