Banking & Finance
Your legal partner in funding bankable ideas to fruition
Overview
Banks and financial institutions play a fundamental role in mobilisation and allocation of capital, a vital resource in a market economy such as Kenya. A key provider of capital for the establishment and expansion of business enterprises, the banking and financing sector’s contribution to the growth of the economy has been phenomenal.
Retained by key players in the finance, banking and insurance landscape such as Equity Bank PLC, Dubai International Bank Kenya, Bank of China Representative Office, Kingdom Bank Limited, Britam, Madison Insurance, Micro-Finance Institutions (MFls), large Savings and Credit Co-operative Societies (SACCOs) including Mwalimu National Sacco, the largest SACCO in Africa, Kimisitu Sacco and Tower Sacco, our Banking and Finance Practice Group walks hand-in-hand with the financial institutions to navigate the opportunities and challenges brought about by major shifts that continue to be witnessed in the market, policy, legal and regulatory landscapes.
Services
Our Practice regularly advises on:
- Asset Finance
- Corporate Finance
- Debt recovery
- Insolvency, administration and receiverships
- Mortgage finance
- Securities enforcement
- Structured finance
- Syndicated finance
Risk advisory, Regulatory, and Compliance matters relating to:
- Anti-Money Laundering and Proceeds of Crime
- Bribery and corrupt practices
- Central Bank of Kenya Prudential Guidelines
- Consumer rights
- Data Privacy & Cyber security
- International Financial Reporting Standards
Experience
Representative Transactions
- Offering legal advisory to Bank of China Limited, a Chinese state-owned multi-national and financial services corporation, on Kenya’s policy, legal and regulatory framework governing financial sector in general and the setting up of a Representative Office in Kenya in particular, with respect to registration and licensing, requirements applicable.
- Advising Kenya Ecumenical Church Loan Fund (ECLOF) a Micro-Finance Institution (MFI) on an on- going basis, in syndicated borrowing transactions to raise capital for onward lending to its customers. The Firm advises, negotiates, prepares and reviews extensive loan documentation involving multiple lenders (both local and foreign).
- Acted for project owners in negotiating and reviewing terms of Project Finance loan documentation for provision of Senior and Mezzanine debts to finance the costs of construction and operations of a 170-room hotel facility in Nairobi in a transaction involving two Tier-1 banks in Kenya.
- Acting for Equity Bank, DIB Bank Kenya, Kingdom Bank, Tower Sacco and Kimisitu Sacco in retail and corporate lending segments where the firm handles on an ongoing basis, transactional work related to due diligence, preparation, stamping, registration and perfection of bank securities and mortgage documentation.
Key Contacts
Chege Njoroge
Managing Partner
Michelle Dande
Associate