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In the past, mergers and acquisitions have often led to job cuts, primarily due to overlapping roles and efforts to improve efficiency. This can include letting go of the target company’s CEO and other senior executives, who may receive a severance package. The acquiring company’s management aims to reduce costs to fund the acquisition, which […]

Introduction On 27th June 2024, the leader of Majority at the National Assembly introduced the Livestock Bill 2024 (the Bill) to the National Assembly. However, the Bill was withdrawn by the legislator on 8th August 2024 after there were uproars from members of the public about the contents of the Bill. Consequently, the National Assembly […]

A birth certificate is more than just a piece of paper; it is a key to identity, rights, and responsibilities. But what happens when the name of a parent on that crucial document needs to be added, altered, or removed? Whether due to evolving family dynamics, new revelations about parentage, or the complexities of legal […]

The Retirement Benefits Authority (RBA) introduced the Retirement Benefits Practice Notes as per Gazette Notice No. 1239. These notes, developed under section 55(3) of the Retirement Benefits Act, 1997, aim to provide a structured approach for managing defined benefit (DB) schemes. Key Objectives and Scope The Practice Notes serve several critical purposes: Guidance: They offer […]

Consumer protection laws and policies aim to safeguard consumers from unfair trade and credit practices. In Kenya, these regulations are established by the Constitution and the Consumer Protection Act & Regulations. They primarily target prohibiting false and misleading representation, unconscionable conduct and liability in respect of unsuitable and defective products. Private placement refers to sale […]

On 24th April 2024, the President assented into law the Statute Law (Miscellaneous Amendments) Bill of 2023, which introduced significant changes to 16 Acts of Parliament, including the Trustee (Perpetual Succession) Act Cap 164 (herein referred to as the Act). Below, we discuss the key amendments to the Act and their implications. Registrar of Companies […]

In our article titled, “Insights into Exchange Rates and Foreign Exchange Regulations in Kenya” we highlighted various remittance providers licensed by the Central Bank of Kenya. In this article, we will focus on the roles of these Remittance Service Providers and how they partner with banks in Kenya to offer remittance services. What is Remittance […]