Every large Kenyan and cross-border commercial transaction, merger or acquisition transaction requires a firm to consider the implications and applicability of competition and anti-trust regulations. There being a number of regional intergovernmental regulations for example, the Competition Act of Kenya & the Common Market for Eastern and Southern Africa (COMESA), we have in major transactions where regulations are applicable, guided clients in making applications and advised on regulatory compliance.
Advising Kenya Ports Authority, on a joint venture agreement relating to operations within the port of Mombasa. The transaction value in excess of US$650million, which required COMESA (Common Market for Eastern and Southern Africa) approval and Kenyan Competition Authority approval.
Advising Vipingo Ridge Limited on an investment in the company for an excess of US$6million. The investment required Kenyan approvals.
Advising Sunsail Trading Company Limited on an investment in the company for an excess of US$6million.
Advised M-Oriental Bank on regulatory and statutory compliance on an investment into the bank by a foreign entity.