Annuscha Pillay

Deal execution gets most of the attention, but a fund’s legal exposure doesn’t end at financial close. Ongoing compliance, portfolio

Fund managers rarely lose a deal because the thesis was wrong. They lose momentum — across fundraising, deployment, and exit

There is a particular point in an investment or acquisition where the commercial negotiation appears to be finished. The term

In South Africa, energy deals don’t get delayed because everyone disagrees on the vision. They get delayed because the fundamentals

Most multinationals measure legal function maturity by headcount, technology spend, or policy coverage. A more honest measure is simpler: what

Subsidiary and regional legal teams across Africa are routinely asked to deliver global-standard compliance and contracting with a fraction of

Multinational subsidiaries across Africa share a common structural problem. The regional legal team is expected to handle local compliance, contracts,

Subsidiary legal teams don’t lose control in a single moment. They lose it incrementally, through what accumulates into an exception

Subsidiary legal teams in Africa operate in a permanent squeeze: global expects compliance, local law demands nuance, the business wants

If you run legal or compliance at subsidiary or regional level in Africa, you’ll recognise this pattern: Global sends policies.