- Industry Banking
- Contact Person 429 0190
Seychelles Credit Union (SCU) wishes to engage a legal firm to provide External Legal Services to the organization.
SCU is the only community-based savings and credit cooperative society (Credit Union) in Seychelles, established under the Credit Union Act 2009 (as amended). SCU is owned and controlled by its members and its main objectives are:
- Creation of a pool of funds to provide credits/loans to members
- Mobilization of savings amongst its membership
- Promote thrift amongst its membership
- Provide financial services at affordable and competitive rates of interest
- Encourage good governance, transparency and democratic practices
- Empower members so that they become self-reliant
Statement of Requirements
Below outlines the information that must be included in tender submissions. Failure to provide all or part of the information may result in your submission being excluded from the evaluation process.
The contract will cover the external legal service for 2 years, with the possibility of an extension of a further 2 years, subject to satisfactory performance and board of director’s approval.
Scope of Services
The services to be provided are:
- legal services to SCU including but not limited to presenting SCU in court cases
- legal support in discreet legal issues by advising SCU, drafting undertakings and structuring remedies for relevant issues
- Conduct legal analysis and research on legal matters
- advise on different legal issues and assist in drafting legal opinions, memoranda and other legal documents
- assist in reviewing the legal material and any other relevant documents and identify the most important issues that need to be sorted out on a priority basis
Last date for submission of tender is 12 noon on 12th May 2021.
Firms will be judged on the following evaluation criteria:
- Experience and expertise of the firm within the Banking Sector
- Experience and ability of the legal team
- Knowledge of and ability to interpret Credit Union Laws
- The ability of the firm to ‘’add value’’ rather than providing purely a compliance audit
Short-listed companies may be invited to present and discuss their proposals (date to be notified in due course).
SCU will not be liable to reimburse any costs incurred by the audit firm during this tender process.
SCU wishes to maximise the value obtained from the available external legal resource, however, does not bind itself to accept the lowest tender.
Evaluation of tenders will be carried out by the Board of Directors, and the evaluators will, if necessary, contact the firms to seek clarification of any aspect of a tender.
Legal firms should identify any work that they are currently carrying out or competing for which could cause a conflict of interest, and indicate how such a conflict would be avoided.
Documentation to be submitted
To facilitate the needs of the Board of Directors in the evaluation process, SCU encourages eligible and interested legal firms and professional lawyers to submit their proposals in the following format:
Section 1 – Background information on your firm
Section 2 – Organisation chart for your firm or, in the case of multi-office firms, an organisation chart for the local office responsible for this contract.
Section 3 – Details of previous experience of providing external legal services to the banking and/or financial sectors.
Section 4 – Personnel and employment details of the legal team. This should include name of employee, job title, experiences, accountancy qualifications and other professional qualifications.
Section 5 – Price; please confirm the annual fee (inclusive of expenses, excluding and including VAT) which your firm will levy. SCU expects these rates to remain constant for the duration of the contract.
Section 6 – Any other relevant information about the firm and its legal practices.
Please forward all tenders or inquiries to:
Chief Executive Officer
Cooperative House, Huteau Lane
Seychelles Credit Union