Consultation on Treatment of Grant Funds Between Entities
Assist a med tech company innovating needs-based health technologies by answering questions related to the treatment of grant funds between their U.S. and Kenyan entities.
Referred by:
Neopenda is a PBC incorporated in Delaware. Earlier this year, they established a wholly owned subsidiary in Kenya to support on-the-ground operations, manage local implementation, and receive certain grant funds. The Kenyan subsidiary will be receiving grant funds soon. The Neopenda team is seeking a consultation to discuss how to responsibly manage these funds, while ensuring legal compliance, before they have an intercompany agreement in place. They have some discrete questions (e.g., Can grant funds be used to the support U.S. based operational costs, and what documentation is needed?). They understand that the attorney will be speaking from the US perspective.