BY UGANDA VANGUARD
KAMWOKYA – Prospectus investors with business ideas are to easily secure capital if a new information technology product is adopted onto the market. The Shield East Africa, evaluates the commercial concepts, offers growth strategies and links the business person to funder. The innovation is one four products Bytelex Advocates, has introduced onto the market.
“In our experience startups often fail to raise early capital we therefore created the Shield East Africa first early stage equity instrument. It secures the rights of the investor in the wake of flip entities,” said Raymod Asiimwe, managing director, Bytelex Advocates.
The firm of six lawyers established in 2012, unveiled the products at the launch in Kamwokya on Friday.
He further explained, “Lawyers pursuing diplomas in legal practice are to do their courses by our other new online product we have named the Continuing Legal Education (CLE) online. You find a lawyer who is supposed to be in class at Law Development Centre (LDC) fail to make it because the learned fellow is pursuing a client.”
Asiimwe said the product is yet to be approved by the Law Council but they are in talks.
“We also have access, another product that quickly stores documents in thematic folders, gets actionable insight on legal requirements like collaborating the file with your favorite lawyer,” he said.
Jordan Lawoko, a partner, Bytelex Advocates demonstrated the cyber security product to the guest at the launch.
The firm has transactional advisory in Ghana, Tanzania and Kenya, business formation raising capital, regulatory compliance, tax advisory, employment and labour law and corporate governance. Other are intellectual property registrations, privacy, data protection and cybersecurity among many others.
Bytelex Advocates is an innovative practice offering legal services to a broad cross-section of clients in different industries. The Firm’s focus is Startups, Technology, Energy and Infrastructure clients; providing support to the formation and growth of their unconventional business models. The Firm has a regional presence in Uganda and Rwanda, as well as a wealth of transactional advisory experience in Ghana, Tanzania and Kenya.