The Business Laws (Amendment) (No.2) Act (“the Act”) was assented to by the President and commenced on March 30, 2021. The Act amends various statutes to facilitate the ease of doing business in Kenya. Below is a summary of the salient changes brought about by the Act.
The regulations seek to amend provisions of the Retirement Benefits (Occupational Retirement Benefits Schemes) Regulations, 2000 and the Retirement Benefits (Umbrella Retirement Benefits Schemes) Regulations, 2017.
The Competition Authority of Kenya (“CAK”) has published draft Guidelines (the “Guidelines”) on Joint Ventures (“JVs”) to provide clarity and certainty on the competition regulatory framework in respect of JVs.
Kenya remains an attractive investment destination for various reasons. The government has been undertaking various policy and legislative initiatives with a view to improving ease of doing business. The enactment of several business laws in the recent past, digitisation of company and land records, among other initiatives, have seen Kenya’s ranking improve from 61 in 2018 to 56 in 2019, among 190 economies in the ease of doing business.
Introduction The National Construction Authority (Defects Liability) Regulations, 2020 (‘the Regulations’) have been published. They shall be effective upon approval by parliament. The Regulations apply to commercial buildings. Commercial Buildings are defined as premises occupied wholly or partially for trade, business or for rendering services for money or its worth. We summarize below, key aspects...
There are instances where shareholders may interfere with the completion of M&A transactions. This is particularly so where the terms are not considered favourable to them, with regard to, for example, the offer price or the acquirer’s intentions for the target once the transaction is complete.
The Business Laws (Amendment) Act, 2020 (the “Act”) was assented to by the President and commenced on March 18, 2019. The Act amended several Acts of Parliament.
The Competition (Amendment) Act, 2019 (the “Act”) was assented to by the President on December 13, 2019 to commence on December 31, 2019. The Act introduced amendments to the Competition Act to regulate abuse of buyer power in the market.
The Finance Act, 2019 (the Act) was assented to by the President on November 7, 2019. The Act introduces policy and taxation measures for revenue generation in the financial year 2019/2020 for government’s expenditure as well as to support the Big Four Agenda.
In this briefing, we discuss the Law of Contract (Amendment) Bill, 2019, passed by Parliament on September 18, 2019 and now awaiting presidential assent.
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