Milly Mbedi

Posted on October 24th, 2018

Milly Mbedi

Senior Associate

 

T: +254 709 250 000/709 250 714

E: milly@oraro.co.ke

 

Milly is a Senior Associate in the Corporate and Commercial practice group and specialises in corporate & commercial law, competition law, employment & labour law and intellectual property law. Milly has advised local and international clients on corporate restructurings, mergers & acquisitions, commercial contracts, drafting employment contracts, reviewing of employment policies & procedures, trademarks and copyrights.

Milly was part of a team that advised Equity Group Holdings Limited (formerly Equity Bank Limited) on a 79% stake of the of ProCredit Bank, a financial institution in the Democratic Republic of Congo, from Belgische Investeringsmaatschappij voor Ontwikkelingslanden, Stichting DOEN and ProCredit Holding AG. The acquisition required undertaking a comprehensive due diligence, drafting and reviewing of the share purchase agreement and undertaking the competition filings at the Competition Authority of Kenya.

Milly has a Bachelor of Laws (LLB) from Moi University and a post-graduate diploma in Law from Kenya School of Law.

“Milly has experience advising local and international clients on a wide array of Corporate & Commercial aspects.”

Experience
  • Part of a team that advised Essar Overseas Energy Limited in connection with their sale of 50% stake in Kenya Petroleum Refineries Limited to the Government of Kenya, including assisting in drafting the agreements and the completion process.
  • Part of a team that advised Equity Group Holdings Limited (EGHL) (formerly Equity Bank Limited) on its acquisition of 79% of the share capital of ProCredit Bank, a financial institution in the Democratic Republic of Congo, from Belgische Investeringsmaatschappij voor Ontwikkelingslanden, Stichting DOEN and ProCredit Holding AG, including structuring the all stock consideration for the sale through issue and allotment of EGHL’s shares to each of the three sellers, undertaking due diligence on ProCredit Bank and addressing the multiple financial and competition regulatory challenges to the transaction.
  • Part of a team that assisted in undertaking due diligence and thus advising Godrej Consumer Products Limited on its proposed acquisition of a major stake in Canon Chemicals Limited.
  • Part of a team that assisted in advising Atlas Development and Support Services Limited (formally Africa Oilfield Logistics Limited), a company incorporated in the Island of Guernsey, Channel Islands and listed on the London Stock Exchange, on its cross-listing onto the Growth Enterprise Market Segment (GEMS) of the Nairobi Securities Exchange – the first ever successful cross-listing onto GEMS.
  • Assisted in advising clients in a variety of sectors on employment and labour related issues. The scope of work included drafting and developing a standard template for expatriates, senior local employees and junior local employees, drafting separation/settlement agreements and advising on dismissals and redundancies.

Corporate & Commercial

Posted on June 12th, 2018

Our Corporate & Commercial practice area brings on broad sector experience and commercial awareness to every transaction. We help drive business growth while combining a strategic outlook with deep legal knowledge and a keen understanding of the business factors involved in this area of law. 

Our Corporate & Commercial practice provides comprehensive legal advice by combining competition law, employment, financial, regulatory and taxation expertise. Our recent significant involvement includes advising complex mergers, acquisitions, joint ventures and commercial contracts for which we are well regarded.

Experience

We regularly advise on IPOs, rights issues, medium-term notes, private placement bonds and the set up of new products in the NSE and the Capital Markets. In particular, we have advised:

  • Advising the largest sugar miller in Kenya in the restructuring of its debt, owing from local and international lenders. Our role involved reviewing the contractual documentation, restructuring facilities documents and other security agreements and providing a legal opinion on the debt restructuring.
  • Advising a Dutch firm involved in the water sector and a Dutch financial risk management firm on the establishment of a capital market structured water pool facility, to finance water infrastructure projects in Kenya.
  • Advising a leading commercial bank on its proposed restructuring. Our role includes advising on the powers under the Kenya Deposit Insurance Act, 2012 to undertake the restructuring, the legal aspects of the restructuring, and advising on alternative restructuring options.
  • Advising the Attorney General of Kenya in the largest and most complex debt and equity restructuring which involved reviewing the restructuring documentation, converting Government loans into equity and securing Government sovereign guarantees for key lenders and issuing new shares to investors in consideration of in-kind capital contributions of non-cash assets to the company.
  • Acting a legal counsel in relation to the sale of shares to a Kenyan cement manufacturer hold shares in a Mauritius based company that holds shares in another company that owns and operates the cement factory.
  • Advised the NSE and the Capital Markets Authority (CMA) on the demutualisation of the NSE, as well as compliance with various statutory regimes governing their respective operations.
  • Advised on three successful and heavily subscribed rights issues for a leading commercial bank in Kenya.
  • Advised the Government of Kenya and KenGen during its offer and sales of 6.5 million ordinary shares at the Nairobi Securities Exchange (NSE).

Recent Insights

Extension of Timelines for Submission of Beneficial Ownership Information

Disclosure of Beneficial Ownership of Companies in Kenya

Smelling the Coffee: Salient Changes Brought About By the New Business Laws (Amendment) Act

Salient Changes Under the Business Laws (Amendment) Act, 2020

Obligations of a Company in Relation to Disclosure of Company Beneficial Ownership Information


Related Services

Banking & Finance, Capital Markets and Dispute Resolution


For more information about our Corporate & Commercial practice, please contact Jacob Ochieng (Partner).  Alternatively click here to download our Corporate Mergers & Acquisitions profile.

Key Contacts
George Oraro SC
Founding Partner

 

E: goraro@oraro.co.ke

Jacob Ochieng
Partner

 

E: jacob@oraro.co.ke

Cindy Oraro
Partner

 

E: cindy@oraro.co.ke

Sheila Nyakundi

Posted on April 11th, 2018

Sheila Nyakundi

Senior Associate

 

T: +254 709 250 000/709 250 714

E: sheila@oraro.co.ke

 

 

Sheila is a Senior Associate in the corporate & commercial practice group. She specialises in commercial contracts, due diligence, mergers & acquisition, corporate restructuring and reorganisations from target sectors such as construction, financial services, and manufacturing and industries.

Sheila has advised both local and international clients and was part of a team that advised in the acquisition of a 48.9% stake in a company which specializes in providing serviced office solutions by a leading real estate and investments management company.

Sheila holds a Bachelor of Laws (LLB) from the University of Nairobi and a post-graduate diploma in Law from the Kenya School of Law.

“Sheila is well regarded for her Corporate & Commercial expertise ”

Experience
  • Part of a team providing legal services to a technology firm that has developed a patient-engagement, telemedicine mobile application that helps doctors grow their medical practice revenues and personalize patient care.
  • Part of a team involved in the exercise of a Pan-African bank’s statutory power of sale against a borrower who has defaulted their loan agreement.
  • Part of a team advising a financial services institution in Kenya on a suitable structure for the upstamping of the existing securities as well as advising the lender on the additional security documentation to secure the lender’s interest.
  • Part of a team that is advising in the acquisition of a 48.9% stake in a company which specializes in providing serviced office solutions by a leading real estate and investments management company.
  • Part of a team providing legal advice on nuclear energy project for potential investors by reviewing the current legal and regulatory framework for the energy sector in Kenya.
  • Part of a team reviewing various agreements for a Kenyan-based company seeking to distribute renewable energy technology in Kenya.

About Us

Oraro & Company Advocates is a full-service market-leading African law firm established in 1977 with a strong focus on dispute resolution and corporate & commercial law. With a dedicated team of 10 partners, 4 senior associates, 10 associates, 1 lawyer and 36 support staff, the Firm has been consistently ranked by leading legal directories such as Chambers Global, IFLR 1000 and Legal 500 as a top-tier firm in Kenya.

Oraro & Company Advocates is an affiliate member of AB & David Africa.

Contact Us

Oraro & Company Advocates
ACK Garden Annex, 6th Floor, 1st Ngong Avenue
P. O. Box 51236 - 00200, Nairobi, Kenya.
T: +254 709 250 000
E: legal@oraro.co.ke | W: www.oraro.co.ke

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