Deepen Shah

Deepen Shah joined the firm in 1998. He is a corporate and commercial lawyer experienced in telecommunications, banking, aviation, mining, insurance, hospitality and horticulture, both in the private and public sectors. Deepen is recognised as a leading lawyer by Chambers Global, IFLR 1000 and Legal 500 EMEA. Notable recent transactions include:-

  • Advising Gulf Afican Bank in connection with a K.Shs. 427,000,000.00 equity investment in Gulf African Bank Limited by IFC ; as well as establishing the Bank’s Employee Share Ownership Plan structured as a unit trust. 
  • Advising Athi River Mining Limited in connection with a US$50 million subordinated secured term loan facility from the Africa Finance Corporation.
  • Advising a I&M Bank in the acquisition of Banque Commerciale du Rwanda (BCR) through the puirchase of shares from a company domiciled in Mauritius. 
  • Advising the shareholders of an international ICT company in a proposed joint venture to undertake ICT infrastructure and development projects as well as digital outsourcing and mobile platform and software application solutions in East Africa.
  • Advising a principal shareholder in the QTE Group with respect to a regional share exchange and transfer in connection with the reorganization of the Group’s shareholding. 
  • Advising CfC Stanbic Bank with respect to project finance for the development of a 60MW renewable energy wind park. 
  • Advising PTA Bank in connection with an Oil Import and Guarantee Facility of US$ 14 million to Hashi Energy Limited.
  • Advising Celtel Kenya Limited (“Zain”) in connection with its ZAP mobile “money” transfer solution, a multi- layered “mobile banking” product that enables its customers purchase and transfer e-value (mobile money) through Zain’s GSM Network.
  • Advising AGRA with report to the establishment of a pan African Agricultural Fund Scheme in collaboration of Standard Bank Group under which Standard Bank through its subsidiaries will establish a US$ 100,000,000.00 agricultural loan portfolio.
  • Acting as transaction legal adviser in connection with the proposed issue by a micro-finance company of Floating and Fixed Rate Medium Term Unsecured Notes of K.Shs.1 billion.
  • Advising the World Bank with respect to a diagnostic assessment of the policy and regulatory environment for branchless banking for the poor in Kenya. 
  • Advising Business Partners International in the establishment of US$ 15 million fund to establish a local vehicle in Kenya capable of delivering finance and technical assistance to local SMEs in a commercially sustainable manner

Deepen is fluent in English and proficient in Gujarati and French.