Dede has curved a niche in Banking and Project Finance transactions within the Coastal Region. Dede advises top Commercial Banks including KCB Bank Kenya Limited, Barclays Bank of Kenya Limited, Gulf African Bank Limited, African Banking Corporation Limited, HFC Limited and most recently joining the list of top clients, NIC Bank Kenya PLC. He also has a vast experience in complex Real Estate and Property transactions and additionally handles corporate restructuring transactions and mergers and acquisitions with a bias for clients within the Coastal Region.

Areas of Expertise

• Banking and Finance
• Real Estate and Property Law
• Corporate Restructuring and Mergers and Acquisitions

Education

• Post Graduate Diploma in Law, Kenya School of Law, Nairobi
• University of Nairobi, Bachelor of Laws LL.B. (Hons)

Banking and Finance

• Acted for NIC Bank Kenya PLC (“NIC”) in relation to a takeover of facilities in excess of the sum of KShs. 400 million advanced to one of the largest wholesale and retail distributors in the country from Barclays Bank of Kenya Limited (“BBK”). The transaction involved a comprehensive due diligence in relation to the borrower and the existing securities in favour of BBK and subsequently procured creation of securities in favour of NIC to secure facilities to the borrower in the sum of KShs. 900 million.
• Acting for NIC Bank Kenya PLC in relation to corporate finance arrangements in favour of a leading flagship logistics company in the Coastal Region to secure facilities in excess of KShs. 2 Billion. The transaction involved a comprehensive due diligence in relation to the borrower, securities documentation and perfection.
• Acting for KCB Bank Kenya Limited (“KCB”) on the discharge of residential apartments for sale within the English Point Marina Project at the Coastal City of Mombasa, Kenya. KCB is the sole financier of the English Point Marina Project, which has been hailed to be a blue-print project that aims to transform Kenya into a newly industrializing, middle-income country providing high quality of life to all its citizens by 2030 in a clean and secure environment. The transaction involved negotiating appropriate terms of undertakings with the developer’s Advocates, Advocates for various purchasers and Advocates representing the financier’s offering facilities to prospective purchasers in facilitating the discharge process for individual units being sold at all times ensuring that the sale proceeds are remitted into an escrow account with KCB to offset the existing liabilities.

Real Estate and Property Law

• Participated in the Legal Team advising Kenya Railways Corporation on the legal issues on the properties affected by the construction of the Standard Gauge Railway (the Mombasa – Nairobi line) with a view to guiding the Corporation in making a determination of the compensation sums estimated to be over KShs. 2billion, payable to the owners of the properties. The transaction involved a comprehensive legal due diligence exercise at the relevant government registries tapping into various issues affecting property interests within the SGR Corridor as well as reviewing on going cases filed in court to challenge the project and reviewing the previous awards preferred by the Government in favour of various land owners.
• Participated in the Legal Team advising the Industrial and Commercial Development Corporation in relation to a real estate development in Nyali area in Mombasa County worth approximately KShs. 364 million in the construction and sale of luxury apartments development. The transaction involved undertaking a change of user on the property; restructuring of the management company, structuring of the development including preparation of the necessary preparation of offer letters, sale agreements and Leases relating to the end buyers.
• Participated in the Legal Team representing a real estate developer in developing high end apartments in Nyali area in Mombasa County worth approximately KShs. 282 Million. This involved undertaking a complex due diligence exercise; advising on a Joint Venture arrangement with investors, preparing Shareholders Agreements and restructuring of a Special Purpose vehicle; rendering legal advice to facilitate the sale of the apartments; negotiating with the purchasers on the terms of the agreement for sale; and perfecting the registration of the Leases in favour of end purchasers.

Corporate Restructuring and Mergers and Acquisitions

• Participated in the Legal Team advising a local listed Real Estate Investment Trust (REIT) company in its intended acquisition of two established hotels situated in the Kenyan tourism hub of Mombasa, a transaction that involves a share purchase and an asset purchase respectively of the going concerns.

Languages

• English.
• Swahili.

Countries of Work Experience

• Kenya .