Diana Situma joined the firm in 2004. Her areas of specialisation include corporate and commercial work, mergers and acquisitions including cross-border acquisitions, capital markets, securitisation, conveyancing and property law, employment law, banking law, and insurance law.
Examples of key recent experience for Diana include:-
- Involved, as a member of the legal team, in acting for I&M Bank Limited in the acquisition of shares in a Bank in Rwanda held by a company domiciled in Mauritius.
- Acted for InReturn Capital, a venture capital fund in East Africa, in the acquisition of a minority equity stake in Reltex Tarpaulins (Africa) EPZ Limited through a capital injection of USD 2,300,000.00.
- Involved, as a member of the legal team, in the rights issue undertaken by Family Bank Limited to raise up to K.Shs.1 billion.
- Involved, as a member of the legal team, in the rights issue undertaken by Jamii Bora Bank Limited to raise up to K.Shs.1 billion.
- Involved, as a member of the legal team, in connection with the reorganisation and restructuring of the insurance business under CfC Insurance Holdings Limited by the acquisition of the shares in The Heritage Insurance Company Limited in exchange for equity in CfC Insurance Holdings Limited at fair value and the acquisition of the shares of CfC Life Assurance Limited.
- Involved in advising on the restructuring and reorganisation of an insurance company to facilitate the raising of capital by private placement.
- As part of the firm’s legal team was involved in the issue by CfC Stanbic Bank Limited of Unsecured Medium Term Floating and Fixed Rate Notes of K.Shs.5 billion.
- Assisted, as a member of the legal team in connection with the issue by Tourism Promotion Services (Kenya) Limited of Medium Term Notes of K.Shs.1 billion. The assignment included conducting a limited legal due diligence on the Issuer and issuing a legal opinion on regulatory compliance.
- Assisted, as part of the firm’s legal team in connection with the issue by Mabati Rolling Mills Limited of K.Shs. 2 billion Floating and Fixed Rate Medium Term Unsecured Notes listed in the Fixed Income Securities Market Segment of the Nairobi Stock Exchange.
- Assisted, as a member of the legal team in carrying out a pre-listing legal due diligence in preparation for the flotation of shares in an overseas Stock Exchange.
- As part of the firm’s legal team was involved in conducting a legal due diligence on behalf of Oryx Oil and Gas in its proposed acquisition of Chevron Kenya Limited.
- Assisted, as part of the firm’s legal team, in the conduct of an extensive due diligence exercise prior to the acquisition of the shares of Banque Belgolaise in Allied Bank International, Uganda by Bank of Africa Kenya Limited.
- Assisted, as a member of the legal team in the acquisition of the shares of Banque Belgolaise in Eurafrican Bank Tanzania by Bank of Africa Kenya Limited.