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Legal Counsel at

2 months ago

Nairobi, Nairobi Area, Kenya Lipa Later Limited Full time

Lipa Later is a risk free, point of sale credit option that allows retailers to sell goods and services to consumers with repayments made in affordable monthly instalments.

It is the leading third party instalment plan for retailers in East Africa currently operating in Kenya and Rwanda.

About the Job

The Legal Counsel at Lipa Later is a key member of the legal team responsible for providing strategic legal advice and support to the organization.

This role involves managing legal risks, ensuring compliance with regulatory requirements, and safeguarding the company's interests across various business activities.


Key Responsibilities:

Legal Advisory:
Provide timely and accurate legal advice on a wide range of corporate, commercial, regulatory, and compliance matters.
Review, draft, and negotiate contracts, agreements, and legal documents to protect the company's interests.
Advise on legal implications of business decisions, corporate transactions, and regulatory changes.
Collaborate with internal stakeholders to assess legal risks and develop risk mitigation strategies.

Compliance Management:
Monitor and ensure compliance with applicable laws, regulations, and industry standards.
Develop and implement compliance policies, procedures, and training programs to promote a culture of compliance.
Conduct compliance audits and assessments to identify areas of non-compliance and implement corrective actions.
Stay abreast of legal and regulatory developments affecting the organization and advise on potential impact.

Contract Management:
Manage the organization's contract lifecycle, including drafting, reviewing, and negotiating contracts with customers, partners, and vendors.
Develop and maintain standard contract templates, clauses, and guidelines to streamline contract management processes.
Ensure compliance with contract terms and conditions, including performance obligations, warranties, and indemnities.
Handle contract disputes, claims, and resolutions in collaboration with internal stakeholders and external legal counsel.

Risk Management:
Identify and assess legal risks associated with business activities, transactions, and initiatives.
Develop risk management strategies and implement controls to mitigate legal risks and exposures.
Provide guidance on insurance coverage, indemnification agreements, and other risk mitigation measures.
Advise on potential litigation matters, including assessment of claims, settlement negotiations, and representation in legal proceedings.

Corporate Governance:
Support corporate governance initiatives, including board meetings, shareholder matters, and corporate filings.
Ensure compliance with corporate governance requirements, including drafting corporate resolutions, minutes, and filings.
Assist in the formation and dissolution of corporate entities, subsidiaries, and joint ventures.
Advise on corporate restructuring, mergers and acquisitions, and other corporate transactions.

Qualifications:
Bachelor's degree in Law (LLB) from a recognized institution.
Admission to the Bar as an advocate with a valid practicing certificate.
Minimum of (5) Five years of relevant legal work experience, preferably in a corporate or commercial law firm.
Strong knowledge of corporate law, commercial contracts, regulatory compliance, and risk management.
Excellent drafting, negotiation, analytical, and problem-solving skills.
Ability to work independently, prioritize tasks, and manage multiple projects simultaneously.
Strong interpersonal and communication skills, with the ability to effectively interact with internal and external stakeholders.

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