Firm Profile > Walker Kontos Advocates > Nairobi, Kenya

Walker Kontos Advocates
HAKIKA HOUSE, BISHOPS ROAD
PO BOX 60680 - 00200
NAIROBI
Kenya

Banking, finance and capital markets Tier 1

Walker Kontos Advocates has deep traditions in banking and finance. It continues to represent an impressive number of local and international banks, along with a sizeable tranche of development finance institutions (DFIs), such as International Finance Corporation (IFC) and Overseas Private Investment Corporation (OPIC). The firm has further leveraged its alliance with Norton Rose Fulbright, affording it greater international credibility and a flow of cross-border engagements. Aside from debt finance, the firm has a fine record in capital markets issuances, including both equity and debt offerings. Michael Kontos is a key name, with Deepen Shah providing further senior-level expertise in project finance, syndicated lending and DFI financings. Peter Mwangi is a leading figure in insolvency and restructurings.

Practice head(s):

Alexandra Kontos; Michael Kontos; Peter Mwangi; Deepen Shah

Key clients

International Finance Corporation

Overseas Private Investment Corporation

Consolidated Bank of Kenya

SBM Bank (Mauritius)

Société de Promotion et de Participation Coopération Economique (PROPARCO)

Standard Bank Group (Standard Bank of South Africa, Stanbic Bank Kenya)

The Trade and Development Bank

Coöperatieve Rabobank

Citibank

Bank of Africa Group

Absa Bank Kenya

I&M Bank

Standard Chartered Bank

KCB Bank Kenya

NCBA Bank Kenya

Jamii Bora Bank

Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO)

European Investment Bank

Deutsche Investitions- und Entwicklungsgesellschaft (DEG)

GuarantCo

Commercial, corporate and M&A Tier 2

Walker Kontos Advocates has further cemented its strong standing in East Africa transactions, private equity, restructuring and distressed M&A. It is also frequently working alongside alliance firm Norton Rose Fulbright on a large number of cross-border and international transactions. The firm remains especially close to domestic and international banks, along with a number of development finance institutions. Michael Kontos is experienced and versatile, handling a mixture of significant corporate and financing transactions. Peter Mwangi provides further senior expertise in restructuring and distressed M&A.

Practice head(s):

Alexandra Kontos; Michael Kontos; Peter Mwangi; Deepen Shah

Testimonials

‘The firm has in depth experience and expertise in respect of its commercial, corporate and M&A practice, with many decades of experience. I have engaged with them in several transactions and have always found them to be very professional and very helpful in meeting their client’s needs.’

‘The firm is run very professionally. They take time to understand clients’ requirements and guide them appropriately. ’

‘Experience in dealing with complex agreements and working very meticulously and interacting with the client at each stage.’

‘Michael Kontos is very knowledgeable in his areas of practice, but also very approachable. This makes him the first point of call for his clients when we need urgent advice on any issue within his area of expertise. ’

‘Alexandra Kontos is always available for any guidance or advice needed.’

Key clients

International Finance Corporation

Overseas Private Investment Corporation

Consolidated Bank of Kenya

SBM Bank (Mauritius)

Société de Promotion et de Participation Coopération Economique (PROPARCO)

Standard Bank Group (Standard Bank of South Africa, Stanbic Bank Kenya)

The Trade and Development Bank

Coöperatieve Rabobank

Citibank

Bank of Africa Group

Absa Bank Kenya

I&M Bank

Standard Chartered Bank

KCB Bank Kenya

Jamii Bora Bank

Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO)

European Investment Bank

Deutsche Investitions- und Entwicklungsgesellschaft (DEG)

GuarantCo

Dispute resolution Tier 2

Walker Kontos Advocates has a well-established dispute resolution department that is highly rated for insolvency and receivership litigation, disputes in the financial services sector and broader commercial cases. Intellectual property and debt recovery matters are also fortes for the firm. The dispute resolution team is particularly close to banks and financial institutions, much like the rest of the firm, which is allied to Norton Rose Fulbright. The highly rated Gregory Karungo and Paul Ogunde lead the department.

Practice head(s):

Gregory Karungo; Paul Ogunde

Testimonials

‘Dedicated, efficient, professional, easily reachable, objective.’

‘Paul Ogunde is organised, strategic, committed, objective, professional, very reasonable, easily accessible and always strives to get the client the most favourable outcome. He is the first to come to mind whenever a legal issue arises.’ 

Key clients

Stanbic Bank Kenya

Consolidated Bank of Kenya

Commercial Bank of Africa

Barclays Bank of Kenya

HFC

Bank of Africa Kenya

Guaranty Trust Bank Kenya

SBM Bank (Kenya)

Equity Bank Kenya

Standard Chartered Bank Kenya

I&M Bank

Jamii Bora Bank

KCB Bank Kenya

Prime Bank

The Eastern and Southern African Trade and Development Bank

Gulf African Bank

Equity Bank (Kenya)

Diamond Trust Bank Kenya

Paramount Universal Bank

NIC Bank

UBA Kenya Bank

Kenya Electricity Generating Company

Employment Tier 2

Walker Kontos Advocates represents a range of multinationals. embassies and banks, while its alliance with Norton Rose Fulbright gives it greater credibility in cross-border and international matters. It has a particularly fine record in insolvency-related employment issues. State and diplomatic immunity is another forte. Gregory Karungo and Paul Ogunde are the key partners.

Practice head(s):

Gregory Karungo; Paul Ogunde; Alexandra Kontos

Key clients

International Finance Corporation

Overseas Private Investment Corporation

Consolidated Bank of Kenya

SBM Bank (Mauritius)

Société de Promotion et de Participation Coopération Economique (PROPARCO)

Standard Bank Group (Standard Bank of South Africa)

Stanbic Bank Kenya

The Trade and Development Bank

Coöperatieve Rabobank

Citibank

Bank of Africa Group

Absa Bank Kenya

I&M Bank

Standard Chartered Bank

KCB Bank Kenya

Jamii Bora Bank

NCBA Bank Kenya

Nederlandse Financierings-Maatschappij voor

Ontwikkelingslanden

European Investment Bank

Deutsche Investitions- und Entwicklungsgesellschaft (DEG)

GuarantCo

Privatisation and projects Tier 2

Walker Kontos Advocates is a key name for renewable energy projects in Kenya, landing engagements from both sponsors and lenders. The firm is also gaining an additional foothold in infrastructure projects, including those that form part of Kenya's Roads Annuity Programme. In addition, it is active in the secondary market, advising on project acquisitions and investments. Its alliance with Norton Rose Fulbright, provides it with additional cross-border capabilities and knowledge. Michael Kontos is a key player in energy and infrastructure project documentation and project finance.

Practice head(s):

Alexandra Kontos; Michael Kontos; Peter Mwangi; Deepen Shah

Other key lawyers:

Diana Situma; Rahma Karanja

Key clients

Stanbic Bank Kenya

Consolidated Bank of Kenya

Commercial Bank of Africa

Barclays Bank of Kenya

HFC

Bank of Africa Kenya

Guaranty Trust Bank Kenya

SBM Bank (Kenya)

Equity Bank Kenya

Standard Chartered Bank Kenya

I&M Bank

Jamii Bora Bank

KCB Bank Kenya

Prime Bank

The Eastern and Southern African Trade and Development Bank (TDB)

Gulf African Bank

Equity Bank (Kenya)

Diamond Trust Bank Kenya

Paramount Universal Bank

NIC Bank

UBA Kenya Bank

Kenya Electricity Generating Company

Real estate and construction Tier 2

Walker Kontos Advocates' strong reputation has landed an impressive client base of corporate, investor, developer and financier clients. The firm is well acquainted with land law and regulations, residential and commercial developments. It advised the World Bank on the creation and implementation of the Naivasha Affordable Housing Project. it also remains active in the land aspects of renewable energy and conventional power projects. Senior partner Alexandra Kontos remains active in high-value acquisitions and disposals, while Peter Mwangi is a leading figure in land law and regulations.

Practice head(s):

Alexandra Kontos; Michael Kontos; Peter Mwangi; Deepen Shah

Key clients

International Finance Corporation

Overseas Private Investment Corporation

Consolidated Bank of Kenya

SBM Bank (Mauritius)

Société de Promotion et de Participation Coopération Economique (PROPARCO)

Standard Bank Group (Standard Bank of South Africa, Stanbic Bank Kenya)

The Trade and Development Bank

Coöperatieve Rabobank

Citibank N.A.

Bank of Africa Group

Absa Bank Kenya Plc

I&M Bank Limited

Standard Chartered Bank Limited

KCB Bank Kenya Limited

Jamii Bora Bank Limited

Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO)

European Investment Bank

Deutsche Investitions- und Entwicklungsgesellschaft (DEG)

GuarantCo

The firm: Walker Kontos was founded in 1988 by Peter Walker and Alexandra Kontos. Today, the firm has grown to comprise nine partners, 12 associates, five legal assistants, and over 35 support staff offering expert legal advice and support services to businesses, corporate entities, banks and financial institutions (including microfinance institutions), governments, multinationals, state corporations, diplomatic missions, NGOs, development agencies, and private clients.

The firm’s focus lies in corporate and commercial law in Kenya and the region with particular emphasis on M&A, capital markets, corporate and project finance, energy, banking and securitisation, company law, privatisation, conveyancing, and property law and infrastructure. The dedicated litigation team handles commercial litigation, corporate recovery and ADR matters.

In 2016, Walker Kontos entered into a strategic alliance with global law firm Norton Rose Fulbright, with whom it has forged a strong mutual understanding and working relationship. They share the firm’s vision for growth and – with more than 3,800 lawyers and a presence in more than 50 cities across the world – have a verifiable reputation as a global leader in legal services. Operating in Burundi, Morocco, South Africa, Tanzania, Uganda and Zimbabwe, they also have one of the largest legal footprints in Africa.

Areas of practice
Banking, finance and securitisations: as counsel to a number of commercial banks and mortgage finance institutions, the firm advises on various aspects relating to their day-to-day activities, new and upcoming banking legislation and prudential regulations as well as taking a proactive approach in a dynamic and evolving sector. The firm also advises development finance institutions (including IFC, EIB, DEG, FMO and PROPARCO) on various local and cross-border corporate and project finance transactions, syndications and debt restructuring transactions which require harmonisation as a result of multi-jurisdictional conflicts. Recently, the firm acted for Stanbic Bank Kenya Limited in connection with the proposed term loan and working capital facilities for the aggregate sum of US$25m to  a company in the manufacturing (confectionery) sector and guaranteed by a related company.

The firm also acted for Standard Chartered Bank Limited in relation to the US$35m loan facility granted, in relation to the purchase of a  mall in Uganda, to a subsidiary to be incorporated in Uganda for that purpose and secured by a mix of English, Ugandan and Kenyan law security created by the sponsors and related parties.

Mergers and acquisitions: the firm advises on a number of M&A transactions, both as counsel to the vendor and the purchaser. Its M&A work extends to advising on joint ventures, partnerships, management buy-outs and equity participations. The firm has acted in most of the recent M&As involving banks and financial institutions in Kenya.

The firm recently advised SBM Bank (Kenya) Limited in the acquisition of certain assets and the assumption of certain liabilities from and of Chase Bank (Kenya) Limited (In Receivership). The deal was innovative as it was the first receivership transaction to occur under the Kenya Deposit Insurance Act.  Accordingly, it was necessary to find ways to navigate around gaps in the legislation to allow the deal to occur.  We also acted for Prime Bank Limited (PBL) in the equity investment by AfricInvest Fund III LLC and Catalyst Fund II LP in consideration of shares in PBL.

Capital markets: the firm advises a wide client base including commercial banks and corporates on initial public offerings, rights issues, note and bond programmes including cross-listings on the five regional stock exchanges. The firm has acted for several commercial banks in their rights issue, IPOs and cross-listings.  We advised Kenya Electricity Generating Company Limited in its KES 28bn rights issue as well as in the subscription of its untaken shares following the rights issue by Public Investment Corporation SOC Ltd.

Energy: the firm has acted in recent ground-breaking transactions in the energy (renewable and traditional) and infrastructure sectors. It advises on all facets typical to transactions in these sectors such as applicable regulations, government support, direct agreements, EPC contracts and all local law security documents. On the sponsor side, the firm guides its clients on all set-up and regulatory matters and helps them to navigate the complexities of Kenyan land law. Michael Kontos and Rahma Karanja are currently advising clients in the development of a 40MW solar PV power project and the development of a 50MW wind farm project.

Real estate/conveyancing: in addition to acting for banks and financial institutions in securities over real property, the firm advises real estate developers on projects from inception to third party sales. Its experience is diverse and includes complex leasing and management structures for the development of residential estates and apartments as well as industrial estates, business parks and shopping malls. One of the Firm’s partners has been appointed to various task forces on land law, including most recently on the gazetted Regulations under the Land Act and the Land Registration Act. The firm is also currently advising Prabhaki Developers in connection with the development of an industrial park comprising 23 warehouses.

Corporate, commercial and company law: in this capacity, the firm is called upon to advise on a wide range of matters which affects clients’ day-to-day business. These are as varied as incorporation and start-up, joint ventures, corporate and management structuring, share issues, employment law, licensing and regulatory matters, financing, product development, environmental compliance matters and sales and acquisitions.

Corporate recovery and litigation: the firm’s litigation team primarily focuses on corporate recovery, employment, and insurance matters where principal clients include most of the commercial banks in Kenya and insurance companies. It has acted for client banks and receivers not only in debt collection and in the realisation of securities, but also in examining and putting together viable pre-receivership alternatives. The firm has also prosecuted and defended insurance claims including workmen’s compensation, employer liability and running down matters.

Department Name Email Telephone
Banking and finance Alexandra Kontos akontos@walkerkontos.com +254 20 2719787
Banking and finance Michael Kontos mkontos@walkerkontos.com +254 20 2718431
Banking and finance Deepen N Shah dshah@walkerkontos.com +254 20 27130323-6
Banking and Finance Peter Mwangi pmwangi@walkerkontos.com +254 20 2718430
Mergers and acquisitions Alexandra Kontos akontos@walkerkontos.com +254 20 2719787
Mergers and acquisitions Michael Kontos mkontos@walkerkontos.com +254 20 2718431
Mergers and acquisitions Deepen N Shah dshah@walkerkontos.com +254 20 27130323-6
Mergers and acquisitions Diana N Situma dsituma@walkerkontos.com +254 20 27130323-6
Mergers and acquisitions Martha Muturi mgitonga@walkerkontos.com +254 20 27130323-6
Capital markets Michael Kontos mkontos@walkerkontos.com +254 20 2718431
Capital markets Peter M Mwangi pmwangi@walkerkontos.com +254 20 2718430
Capital markets Deepen N Shah dshah@walkerkontos.com +254 20 27130323-6
Capital markets Diana N Situma dsituma@walkerkontos.com +254 20 27130323-6
Energy Deepen N Shah dshah@walkerkontos.com +254 20 27130323-6
Energy Rahma W Karanja rkaranja@walkerkontos.com +254 20 27130323-6
Energy Diana Situma dsituma@walkerkontos.com +254 20 27130323-6
Energy Michael Kontos mkontos@walkerkontos.com +254 20 2718431
Real estate Alexandra Kontos akontos@walkerkontos.com +254 20 2719787
Real estate Peter M Mwangi pmwangi@walkerkontos.com +254 20 2718430
Real Estate Deepen N Shah dshah@walkerkontos.com +254 20 27130323-6
Real Estate Martha Muturi mgitonga@walkerkontos.com +254 20 27130323-6
Private Equity Michael Kontos mkontos@walkerkontos.com +254 20 2718431
Private Equity Peter M Mwangi pmwangi@walkerkontos.com +254 20 2718430
Private Equity Deepen N Shah dshah@walkerkontos.com +254 20 27130323-6
Litigation, arbitration and ADR Gregory Karungo Ngethe gkarungo@walkerkontos.com +254 20 27130323-6
Litigation, arbitration and ADR Paul Ogunde pogunde@walkerkontos.com +254 20 27130323-6
Insolvency and restructuring Peter M Mwangi pmwangi@walkerkontos.com +254 20 2718430
Insolvency and restructuring Paul Ogunde pogunde@walkerkontos.com +254 20 27130323-6
Project finance Alexandra Kontos akontos@walkerkontos.com +254 20 2719787
Project finance Deepen N Shah dshah@walkerkontos.com +254 20 27130323-6
Project finance Michael Kontos mkontos@walkerkontos.com +254 20 2718431
Project finance Diana Situma dsituma@walkerkontos.com +254 20 27130323-6
Corporate, commercial and company law Alexandra Kontos akontos@walkerkontos.com +254 20 2719787
Corporate, commercial and company law Michael Kontos mkontos@walkerkontos.com +254 20 2718431
Corporate, commercial and company law Peter Mwangi pmwangi@walkerkontos.com +254 20 2718430
Corporate, commercial and company law Deepen N Shah dshah@walkerkontos.com +254 20 27130323-6
Corporate, commercial and company law Diana Situma dsituma@walkerkontos.com +254 20 27130323-6
Corporate, commercial and company law Rahma Karanja rkaranja@walkerkontos.com +254 20 27130323-6
Corporate, commercial and company law Martha Muturi mgitonga@walkerkontos.com +254 20 27130323-6
Privitisation Michael Kontos mkontos@walkerkontos.com +254 20 2718431
Privitisation Peter M Mwangi pmwangi@walkerkontos.com +254 20 2718430
Employment and ESOPS Peter M Mwangi pmwangi@walkerkontos.com +254 20 2718430
Employment and ESOPS Gregory Karungo Ngethe gkarungo@walkerkontos.com +254 20 27130323-6
Intellectual property Rahma W Karanja rkaranja@walkerkontos.com +254 20 27130323-6
Intellectual property Gregory Karungo Ngethe gkarungo@walkerkontos.com +254 20 27130323-6
Regulatory and law reform Alexandra Kontos akontos@walkerkontos.com +254 20 2719787
Regulatory and law reform Michael Kontos mkontos@walkerkontos.com +254 20 2718431
Regulatory and law reform Peter M Mwangi pmwangi@walkerkontos.com +254 20 2718430
Regulatory and law reform Deepen N Shah dshah@walkerkontos.com +254 20 27130323-6
Insurance Alexandra Kontos akontos@walkerkontos.com +254 20 2719787
Insurance Michael Kontos mkontos@walkerkontos.com +254 20 2718431
Insurance Peter M Mwangi pmwangi@walkerkontos.com +254 20 2718430
Aviation Deepen N Shah dshah@walkerkontos.com +254 20 27130323-6
Aviation Michael Kontos mkontos@walkerkontos.com +254 20 2718431
Government, diplomatic missions and NGOs Peter M Mwangi pmwangi@walkerkontos.com +254 20 2718430
Photo Name Position Profile
Mrs Martha Gitonga Muturi  photo Mrs Martha Gitonga Muturi Martha is a partner in the corporate and commercial department specializing in…
Ms Rahma Karanja  photo Ms Rahma Karanja Rahma Karanja is a Partner in the Corporate and Commercial department of…
Mr Gregory Karungo  photo Mr Gregory Karungo Gregory Karungo is a Litigation & Disputes Resolution Partner at Walker Kontos.…
Mrs Alexandra Kontos  photo Mrs Alexandra Kontos Alexandra Kontos is one of the founding partners and currently the Senior…
Mr Michael Kontos  photo Mr Michael Kontos Michael Kontos is the Managing Partner of Walker Kontos. His expertise principally…
Mr Wassim Mohamedali  photo Mr Wassim Mohamedali Associate
Mr Peter M Mwangi  photo Mr Peter M Mwangi Peter Muhiu Mwangi is a partner at Walker Kontos’ commercial and corporate…
Mr Paul Ogunde  photo Mr Paul Ogunde Paul Ogunde is a Partner in the litigation department at Walker Kontos.…
Mr Deepen Shah  photo Mr Deepen Shah Deepen is a partner in the firm’s corporate and finance department specialising…
Miss Diana Situma  photo Miss Diana Situma Diana Situma is a partner in the corporate and commercial department. Diana…
Number of partners : 9
Number of associates : 12
Amharic
English
German
Greek
French
Italian
Kiswahili
Loan Markets Association
strategic alliance with Norton Rose Fullbright