Immigration services
Client size: pan-African
Kenyan banks KCB, Diamond Trust, Standard Chartered and Bank of Africa sought Adili’s restructuring and insolvency advisory services, in response to the collapse of their debtor Nakumatt. Nakumatt was at one time East Africa’s biggest retail chain valued at USD 407 million. Our experts stepped in to advise the banks on their recovery options just two years after the implementation of Kenya’s insolvency law. Our services included advising on the various restructuring and turnaround options available and the likely success of business recovery, the enforceability of the securities held by the senior lenders, receivership, company voluntary arrangements, schemes of arrangement, administration and liquidation options, and negotiating and advising on moratoriums and stand still arrangements/agreements. This was a high-profile insolvency, as it affected other East African countries and it allowed us to fully engage the new insolvency law in providing advice on potentially precedence-setting issues.
Client size: Multinational
Adili’s immigration team helped expats employed by a multinational company renew their work permits without leaving the country, as their existing permits became nullified when they transitioned from their previous engagements.
Kenyan law does not support transferrable permits, and as these expats joined the multinational, our team were quick to apply for cancellation of the existing permits, securing special passes that allowed the expats to start work with the new employer while their new work permits were being processed. This support provided a seamless transition for the expats, who received their work permits before their special passes expired.
