Faith Oluka

Faith Oluka

Legal Associate

Practice Areas

  • Corporate and Commercial Law
  • Oil and Gas Law
  • Banking and Finance

Qualifications

  • Diploma in Legal Practice, Law Development Centre
  • Bachelor of Laws – Uganda Christian University, Mukono

Affiliations

  • Uganda Society for Legal Academics

Faith is a Legal Associate at TASLAF Advocates specializing in the NGO, Impact Finance, Corporate and Commercial Transaction practices. Faith’s experience spans across corporate advisory, NGO/ Not for Profit law, Immigration Laws, Anti-Money Laundering Law and the impact finance sector legal regime. She has a depth of knowledge on the local regulatory framework and her advice on compliance issues, immigration issues, licensing regimes, and issues affecting non- profits and for-profits. She has also supported on a number of financing transactions. Faith holds a Bachelor’s Degree in law from Uganda Christian University and a Post graduate Diploma in Legal Practice from The Law Development Centre.

Transactional work experience

  • Detailed Legal and Transactional Experience listed below:


    CORPORATE ADVISORY AND COMPLIANCE

    • Assisted in acting for several multinational companies in connection with its proposed group restructuring, equity fundraising and other corporate advisory matters.
    • Assisted in advising several multinational venture firms on setting up in Uganda and the applicable registration and licencing requirements for their operations. 
    • Advised expatriate workers working for both NGOs and companies on the types of work permits that they should acquire and obtained the necessary permits for them.
    • Advised leading NGOs such as Agripreneurship Alliance, Human Trafficking Institute, Church World Service, American Bar Association, Jhpiego, Johanniter Unfall Hilfe among others in Uganda on the regulatory and compliance aspects under the Non-Governmental Organizations regime in Uganda including but not limited to registration with the NGO Bureau, renewal of NGO permits, NGO Validation, filing of annual returns and procuring recommendation letters on behalf of NGOs for their Expatriates.
    • Assisted in advising and acting for the World Bank and the PPP Unit in Uganda in connection with the assessment of the current legal framework for PPPs and the preparation of new draft guidelines for PPP projects undertaken by Local Governments in Uganda.
    • Assisted a leading and well recognized NGO in connection with conducting research and preparation of the assessment of the current legal framework on Fiscal Sponsorship in Uganda and preparation of draft guidelines and report for the operation of fiscal sponsorship in Uganda.
    • Advised expatriate workers on the types of work permits that they should acquire and obtained the necessary permits for them.
    • Took part in training leading NGO’s such as AVSI Foundation, Forgotten Children Worldwide, Human Trafficking Institute, American Bar Association among others on the importance of registration and filing of the annual compliance report with the Financial Intelligence Authority.
    • Advised and registered leading Companies and NGOs with the Personal Data Protection Office.
    • Advised several local and international clients on trademarks, Copyright and other Intellectual Property rights
    • Provided product standard and quality advisory for a foreign household product manufacturer from Japan.

    BANKING AND FINANCE

    Corporate finance 

    • Carried out basic legal due diligence exercises on potential investee companies for and on behalf of the Refugee Investment Facility as part of their pre-screening process.
    • Assisted in acting for Latitude Trading Company as borrower with respect to blended financing transactions with Ground Up Investing LLC which include a US$ 400,000 convertible note, a US$ 200,000 revolving loan agreement, and a shareholder agreement. 
    • Assisted in advising BluePeak Private Capital GP as lender and Prime Supplies Holdings Limited with respect to a US$ 20,000,000 financing intended to result in a merger/ amalgamation between Prime Supplies Holdings Limited and Prime Logistics Holdings Limited leading to a minority buyout and structural changes in Ugandan subsidiary – Primefuels Uganda Limited. 
    • Assisted in acting for HEKS/EPER as lender in respect of a loan facility made available to Patasente Limited 
    • Assisted in acting for HEKS/EPER as lender in respect of a US$ 400,000 loan facility made available to Landmark Millers Limited 
    • Assisted in acting for Musana Community Development Organization Ltd as borrower in respect of a US$ 3,000,000 loan facility made available to Musana Community Development Organisation Ltd .
    • Assisted in acting for Great Lakes Coffee Company Limited as borrower and K2 International Metal Pte.Ltd as lender with respect to a US$ 750,000 loan facility made available to Great Lakes Coffee.
    • Assisted in acting for Latitude Trading Company as borrower with respect to a US$ 300,000 working capital loan from FairCapital SA .
    • Assisted in acting for Stichting Impact-Linked Finance Fund as lender in respect of a US$ 140,000 loan facility made available to Nucafe Grading Limited.
    • Assisted in acting for MaxTrace (U) Limited in respect of a US$ 100,000 convertible loan facility made available by a high net worth individual. 
    • Assisted in acting for a group of related companies in the food and beverage sector in respect intra-group loan agreements, director’s loans and shareholder loans (in aggregate approx. US$ 530,000).
    • Assisted in acting for KIVA Capital Management LLC as lender in respect of the UGX 3,590,805,000 loan facility (approx. US$ 1,000,000) made available to UGAFODE Microfinance as borrower.
    • Assisted in acting for Great Lakes Coffee Company Limited as borrower in respect of the US$ 2,000,000 trade finance facility made available by Fairtrade Access Fund S.A. SICAV-SIF as lender.

    Mergers and Acquisitions

    • Assisted in acting for Latitude Trading Company as borrower with respect to blended financing transactions with Ground Up Investing LLC which include a US$ 400,000 convertible note, a US$ 200,000 revolving loan agreement, and a shareholder agreement. 
    • Assisted in acting for Inua Impact Fund Limited as investee company with respect to the sale and subscription of shares in Inua Fund Limited, rendering company secretarial services and incidental matters.
    • Assisted in advising BluePeak Private Capital GP as lender and Prime Supplies Holdings Limited with respect to a US$ 20,000,000 financing intended to result in a merger/ amalgamation between Prime Supplies Holdings Limited and Prime Logistics Holdings Limited leading to a minority buyout and structural changes in Ugandan subsidiary – Primefuels Uganda Limited. 
    • Assisted in acting for Spouts of Water as investee company with respect to the proposed US$ 4.5 million acquisition of shares by C-Quest Capital LLC in Spouts of Water International (May 2022)

    Private Equity

    • Acting for Inua Impact Fund Limited as investee company with respect to the sale and subscription of shares in Inua Fund Limited, rendering company secretarial services and incidental matters.
    • Acted for Spouts of Water as investee company with respect to the proposed US$ 4.5 million acquisition of shares by C-Quest Capital LLC in Spouts of Water International (May 2022)

    Fund set-up, structuring, and market entry

    • Assisted in acting for Mercy Corps in conducting a legal assessment and regulatory feasibility study for a humanity energy-focused financing facility in Uganda. (pending)
    • Assisted in acting for the BidCapital Partners on the setup and structuring of the Impact Mezzanine Fund (with $500,000 seed capital) and its operations in Uganda. (pending)
    • Assisted in advising iGravity on the setup and structuring of the US$ 2,000,000 Refugee Investment Facility. (pending)
    • Assisted in acting for HEKS/EPER as lender in respect of a US$ 400,000 loan facility made available to ApTech Africa Limited (April 2023).
    • Assisted in advising Small Foundation on the set up of an early venture debt facility to tech-enabled intermediaries in Uganda. 
    • Assisted in advising SIDI, a French social enterprise, on the set up and commencement of financing activities in Uganda. 

    EMPLOYMENT ADVISORY 

    • Assisted in supporting various Companies in drafting major employment and Human Resource policies. 
    • Assisted in reviewing all contracts and policies, such as employment contracts, human resource manuals, sexual harassment policies, volunteer contracts, probation contracts, casual/temporary staff contracts and consultancy contracts and tenancy agreements for entities such as Cycle Connect, Village energy Limited, Okoa Refuge, Church World Service, Forgotten Children Worldwide Inc, among others. 
    • Assisted in providing advice on key employment questions such as probationary period, disciplinary hearings, dismissal and termination, severance pay, to mention but a few.

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