At the end of last year, KN Law LLP broke ground in the financial world by acting for a borrower in a debt finance transaction in Stable Coin. Stable Coin is a crypto asset that aims to maintain a stable relative value to a specified asset or pool of assets. It can be pegged to...
In late 2020, KN Law LLP acted for Centum Real Estate (Centum RE) as advisor in its issue and listing of a first-of-its-kind corporate bond. We counselled Centum RE on the structuring of medium-term zero-coupon notes, which have several unique features. The notes’ structure allows investors to participate in the upside in the event that...
In our June 2021 Newsletter we reviewed the draft regulations made under the Data Protection Act. These draft regulations were the Data Protection (General) Regulations, 2021, the Data Protection (Compliance and Enforcement) Regulations, 2021, and the Data Protection Regulations (Registration of Data Controllers and Data Processors) Regulations, 2021. They had been published for public participation....
We are proud to have contributed to the Chambers ‘Investing In… 2022’ Global Practice Guide. In this edition, we were honoured to share our unique perspectives of the Kenyan Landscape under several sub-topics. The Investing In… 2022 guide features 32 jurisdictions. The guide provides the latest information on foreign direct investment, market trends, mergers and...
The Senate has published for public participation the Employment (Amendment) Bill 2021 (the “Bill”). The Bill seeks to provide for employees’ right to disconnect. The Bill defines the right to disconnect as the right of an employee not to be contacted by the employer outside agreed working hours. The Bill defines ‘out of work hours’...
Introduction On December 07, 2021, Trustee (Perpetual Succession) Act (the Act) was amended to streamline the registration of trusts and shift the administration duties from the Cabinet Secretary to the Principal Registrar of Documents. It makes a new provision for irrevocability of trusts, definition on the various types of trusts, adding property to trusts, validity...
Introduction The constant progression of technology through innovations continues to revolutionize how people live and work. One key technological development is the emergence of electronic signatures (e-signatures) and advanced e-signatures. The use of these in place of written signatures has increased significantly recently. The Kenya Information and Communications Act (KICA), is the primary law governing...
Introduction The Central Bank of Kenya (Amendment) Act (the “Amendment Act”) was assented into law on December 07, 2021. Its effective date was December 23, 2021. Its principal objective is to regulate and bring the provision of credit or loan facilities through digital channels under the supervision of Central Bank of Kenya (CBK). Rationale With...
Introduction The Public Private Partnership Act, 2021 (the Act) which came into effect on December 23, 2021 provides for the participation of the private sector in the financing, construction, development, operation or maintenance of infrastructure or development projects through public private partnerships. The objects of the Act include: To prescribe procedures for participation of the...
If you thought KN Law LLP is made up only of smart legal minds obsessed with pragmatic solutions for our clients, then buckle up for a pleasant culinary surprise. In a sheer demonstration of the abundance of diversity of skills that we have come to expect from our legal eagles, the Real Estate team put...
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