In a growing economy like Kenya’s, debt is an important source of financing. Banks need to ensure that their lending is secure through proper security documentation and cross-border financing.
At times, due to the nature of a transaction, borrowers may find that it is necessary to borrow from more than one bank and sometimes these banks are in different countries. Our Firm has had experience in loan syndication.
In all instances, both the bank and the borrower need to have legal representation to ensure that their interests have been taken into consideration in the various contracts and more importantly, that both parties know their rights and obligations under the contracts.