DBJ hosts workshop in use of Venture Capital Legal Tool kit

The Development Bank of Jamaica (DBJ) through the Jamaica Venture Capital Programme (JVCP) will host a one-day training workshop for lawyers on the documents, templates and best practices that are related to private equity and venture capital transactions. The training workshop is to be held on Saturday, October 31st at Mona Law Lecture Theatre, University of the West Indies, Mona Campus and will be facilitated by Mr. Douglas Leys, QC of LeySmith Lawyers.

The Legal Workshop is recognized by the Accreditation Committee of the General Legal Council (GLC) under their Continuing Legal Professional Development of Attorneys-at-Law. Three (3) credits will be awarded to participating attorneys.

 “At the DBJ we remain focused on building a venture capital and private equity industry,” explains Audrey Richards, JVCP, Project Coordinator. “As we seek to build the knowledge level of all stakeholders within this industry, we are pleased to be offering this training workshop for members of the legal profession engaged in commercial law, banking and investment financing, investors and fund managers.”

“Earlier this year, we held a legal forum and the feedback from participants was overwhelming with lawyers requested a follow up training.  We are equally happy that Queens Counsel and former Solicitor General and General Counsel of the Caribbean Development Bank, Mr. Douglas Leys has agreed to facilitate the workshop. 
“In the coming months we shall be continue our series of workshops targeting entrepreneurs and business persons in general in an effort to bring them up the learning curve.  It is an ongoing process and builds on the activities which have been undertaken these past two years.”

The Legal Toolkit, a compendium of best practices, templates and forms to be used when transacting venture capital and private equity financing, was developed by LeySmith Lawyers with funding provided by Compete Caribbean, a private sector development programme that provides assistance grants and investment funding to support productive development policies, business climate reforms and other development activities in the Caribbean.

“The training workshop will be interactive, and will cover topics such as; the venture capital and private equity transaction process – valuation and due diligence, term sheets; the main documents which underpin VC transactions – agreements – founders, purchase, shareholders and investments,” Mr Leys confirms. At the end of the workshop attorneys will have a clear understanding and appreciation of the process terms and tool required for this emerging industry.  LeySmith is honoured to partner with the DBJ to bring this very important training exercise to members of the legal profession and other key stakeholders within this emerging industry.”

In 2013 the DBJ and the Multilateral Investment Fund a division of the Inter-American Development Bank (IDB) signed a technical cooperation agreement that sought to establish an ecosystem conducive to the establishment of venture capital and private equity.  Since then the Bank and its partners have undertaken several developmental projects targeting all market stakeholders.