1. Debt Recovery

The firm has a well-established Debt Recovery and Insolvency department which provides top notch services to clients including banks, micro finance institutions, insurance companies and other entities.

I-E-O ADVOCATES takes strategic moves to ensure that our Clients maintain good business relationships with their customers by offering viable alternative means of recovering debts to avoid unnecessary litigation. The firm resorts to court recovery mechanisms only when it is necessary and when the relationship between our Clients and their respective customers is irredeemable.

We also assist our clients to:

• Recover secured and unsecured loans
• Carrying out asset tracing and forensic audits
• Advising lenders be it banks, micro-finance institution or money landing agents on the protective measures to put in place to reduce the risk of bad debts and such risky exposures.
• We prepare, review loan agreements, charge instruments, credit facility agreements and related such agreements to ensure that not only are they properly drafted and dully filed, but also to make sure that they are in compliance with the applicable laws so to fully protect interest of our clients.
• We prepare and respond to various applications seeking reliefs for our clients.

1. Winding up and Insolvency

Existence of companies contribute to growth of economy therefore, at KRCA we believe that no company should be wound up just because the company seems unable to pay its debts as and when they fall due. We note that the Insolvency Act No.18 of 2015 has made it very is easy for a company to be declared insolvent which may lead to winding up.

• To protect our clients’ interests, we propose better ways of resolving any disputes concerning insolvency and advice on alternatives to winding up as provided for by the law.
• In litigation, we have successfully prepared insolvency applications and petitions and defended against such other applications and petitions to protect the interests of our clients.
• We are representing multiple clients in various insolvency petitions. We have obtained stay orders in favour of our clients.
• We have advised and do advise on formal restructuring procedures including but not limited to schemes of compromise, schemes of arrangement and debt, equity swaps, exchange offers, business rescue and liquidation;
• Distressed M&A transactions including purchase and sale of whole businesses or part of it;
• Equity capital raising and restructuring;
• We also advise on share buybacks to protect the interests of the clients’ businesses.