M&M Advocates maintains a broad banking transactional, regulatory and operational practice. The Property and Banking Department constantly advises major Clients in the region on a full range of legal issues confronting the industry. The department is headed by a Partner, Ms. Judith Okanda.
The Firm constantly advises banks and financial institutions on the structuring of financial products, secured lending and asset financing. Some of the Firm’s clients within the Financial Sector include Bank of Africa Kenya Limited, First Community Bank Limited, Stanbic Bank Kenya Limited, African Banking Corporation, Rafiki Microfinace Bank Limited, Kenya Women Microfinance Bank Limited (Kwft), Samchi Credit, Real People Kenya Limited, Platinum Credit among others.
As part of value addition, the Firm’s banking law specialists offer training to Bank employees on the laws relating to the business and processes of banks in Kenya. Ms. Judith A. Okanda is experienced in property law and security perfection having handled transactions for several clients. She currently handles a fairly busy portfolio in the security and documentation docket on behalf of various financial institutions.
Ms. Okanda has on a regular basis been involved in structuring and perfecting various securities to secure borrowing by varying entities with a bias to corporate borrowings that entail preparation of appropriate resolutions that capture the details of the transactions, registration of the securities at all the appropriate entities be it the Lands Registry, Companies Registry, Co-Operatives as the transactions may demand, preparation of up to date securities in compliance with the Companies Act, 2015, the Insolvency Act, 2015 and the Land Registration (General) Regulations, 2017 and general regular update of our precedent database to ensure that our securities are up to date on the law and enforceable by the lender should need arise
The Advocates within the department have got vast experience in property securitization having handled several multi-billion- shilling projects including the sale of 75 villas in One Red Hill estate at the approximate value of Kshs. 1.4 billion, 24 residential units at Edgy Apartments off Mombasa Road financed by Barclays Bank of Kenya, Azollia Suites in Ngong involving the sale of 26 apartments financed by Housing Finance, Mogen Investments in South B involving the sale of 17 apartments, among others.