PROJECT DETAILS
- Date 03 Aug 2021
- Lawyer Benson Ngugi, Rushmi Matete
- Location Kenya
- Category Property & Real Estate Practice Group
ABOUT THIS PROJECT
The firm has a dedicated team with expertise in preparation, facilitation, management and perfection of banking securities.
The firm has a dedicated team with expertise in preparation, facilitation, management and perfection of banking securities.
NOTABLE ACHIEVEMENTS
- Advised and assisted in an application by an Independent Power Producer to set up a 45 MW Solar Plant in Kenya. Our Client is currently in the process of negotiating a Power Purchase Agreement.
- Advised a collective investment scheme worth Kes 12bn on the structure and the security documents for the projects.
- Defended KenHA on a suit on Access roads to Super-Highways, saving the parastatal almost Kes 2bn in super-highway reconstruction costs and loss of business
- Successfully prosecuted a defamation suit; our client being awarded the highest amount of damages in the country
- Won a favourable Supreme Court decision on a long-running land dispute matter under Section 163.4.A
- Successfully negotiated on $3mn settlement for specific passengers in the Boeing mishaps of 2019
- Retained by a top Bank in Kenya to advice on risk management for a mobile phone loan product for the purposes of ensuring compliance with both the Banking Act and the Insurance Act and the accompanying Regulation, Guidelines and Policies.
- The Firm assisted in the structure and set up of a Revolving Fund set up by an Islamic Development Partner in Somalia to provide 5-7 year loans to University students to be repaid without interest after graduation. The Firm also carried out a restructure of the Fund to increase its scope in 2020.