- Publications & Insights
Paras Shah is a partner in our Nairobi office and heads the M&A and projects team in Kenya.
Paras is one of the leading corporate & commercial lawyers in Kenya and specialises in corporate and commercial law, banking and finance law, privatisations, mergers and acquisitions, capital markets and real estate law. He has advised on some of the most important M&A and financing transactions, IPOs and takeovers, listings and public-private partnership (PPP) transactions undertaken in Kenya in recent years.
His expertise is recognised by Chambers Global, Legal 500 and IFLR1000 and he was named Banking & Finance Lawyer of the Year in Kenya for 2015.
He has a Diploma in Legal Practice (cum laude) from the College of Law, UK, a Diploma in Management from Henley School of Management, UK, and a Postgraduate Diploma from the Kenya School of Law. He is an English-qualified solicitor and an Advocate of the High Court of Kenya.
- Paras recently advised the largest equity deal in Kenya and East Africa in 2016 to date, involving the equity investment of USD 140 million into ARM Cement Limited (ARM) by the CDC Group (CDC), as well as on the USD 500m syndicated credit facilities to Kenya Power & Lighting Company Limited..
- Several high profile capital markets work, including IPOs and Take Over Regulations. Notable deals he has led on include the IPOs of Kengen, AccessKenya, Eveready Batteries & Kenya Reinsurance, the privatisation of Telkom Kenya Ltd and Kenya/Uganda Railways, and the take-overs of AccessKenya Group, REA Trading, Unilever Tea and CMC Motors.
- The historic demutualization of the Nairobi Securities Exchange Limited(NSE).
- Several right sissues including the USD 250m Kenya Airways Limited Rights Issue.
- He has also advised on some of the only PPP transactions in Kenya, such as the Kenyatta University Student Accommodation PPP and the development of Konza Technopolis by the Government of Kenya.
- In real estate, he has advised on some of the largest real estate transactions in Kenya, including the sale of office towers to PWC and the World Bank, and on the purchase of a large industrial estate in Tatu City.
- Chambers and Partners ranked Paras in Band 1 for Banking & Finance for the past five consecutive years (2016 to 2020), in Band 1 for Corporate/ Commercial for the past six consecutive years (2015 to 2020), in Band 2 for Corporate/ Commercial Real Estate in 2019 and 2020 (and prior to that in Band 3 from 2016 to 2018) as well as in Band 3 for his work in the Projects and Energy space, for the past three consecutive years (2018 to 2020).
- IFLR1000’s Financial and Corporate Guide consistently rated Paras as a Highly Regarded Lawyer for the past three consecutive years (2018 to 2020) for Capital markets, Energy and infrastructure, Project development, Banking and M&A and prior to that, as a Leading Lawyer in the same category in 2016.
- Paras was recognised by Who’s Who Legal 2018 in the category Banking:
- Legal 500 in 2016 and 2017 ranked Paras as leading lawyer for Banking & Finance and Capital Markets, and as a recommended lawyer for Projects and Energy in Kenya.
- Best Lawyers 2015 recognised Paras best lawyer within banking, capital markets, corporate, finance, mergers & acquisitions and real estate & conveyancing as areas of specialisation.
- ILO has previously awarded Paras with the Client Choice Award for corporate counsel in Kenya.
“Paras Shah is a widely respected corporate lawyer with strengths in private equity and complex shareholder agreements. He is especially well known for his projects work, having advised clients on a number of large-scale developments. Real estate is a further string to his bow. Sources agree that he has “a deep understanding of the private equity model” and that he “gives clear advice, and is responsive and focused on what the client is hoping to achieve.”
“Paras Shah is widely respected in the Kenyan legal community and is active on complex finance structuring and bond issuance, as well as a range of other banking and finance mandates. He is commended by clients for his “great workable solutions” and ability to “think outside the box to make sure you get the transaction finalised.” One market commentator said: “He’s one of the best lawyers I’ve worked with.”
“Paras Shah is a widely respected corporate lawyer with strengths in private equity and complex shareholder agreements. He is especially well known for his projects work, having advised clients on a number of large-scale developments. Real estate is a further string to his bow. Sources agree that he has “a deep understanding of the private equity model” and that he “gives clear advice, and is responsive and focused on what the client is hoping to achieve.” – Chambers and Partners 2017
“Paras Shah shows ‘deep knowledge’ of structured finance” – Legal 500 2017
Publications & Insights
- Non-listed Public Banks can now hold virtual general meetings
- Convening General Meetings for public listed companies during Covid 19 pandemic: Bowmans Unlocks Conundrum
- Overview: An analysis of the Tax Laws (Amendment) Act, 2020
- Convening Public Company General Meetings during the Covid-19 crisis
- COVID-19: The Kenya Government’s Economic Stimulus
- COVID-19: Impact on Businesses and Investments in Kenya
- The Law of Contract (Amendment) Bill, 2019
- The interest rate cap is no more…
- The Law of Contract (Amendment) Act, 2019
- Petroleum Act, 2019 is now in force
- New Energy Act embraces Renewable Energy
- Parliament extends the period for consideration and approval of Land Regulations and Wildlife Conservation Management Regulations by 6 months
- Banking 2018: Roundtable
- Who’s Who Legal: Banking 2018 Roundtable
- Next-generation Africa-GCC Business Ties in a Digital Economy
- Revised Kenya-India double taxation agreement comes into force
- Legal Week: Global M&A Guide 2017
- Africa Business Communities: Brexit Article
- Arabian Business: Why Gulf Investors Keen on Kenya
- Kenya in prime position to attract more investors
- Obama Boost for Africa
- Healthy pipeline should see deals pick up in Africa