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A Review of the Employment and Labour Relations Court decision on the 2013 NSSF Act

Introduction On 19 September 2022, the Employment and Labour Relations Court found the National Social Security Act, 2013 to be unconstitutional. The Court specifically held: The Act dealt with finance matters affecting county governments and therefore the Senate ought to have been involved in its enactment. Requiring people to register with the National Social Security...

Restructuring insolvent firms

Restructuring occurs when a business significantly modifies its debt, operations, ownership, or structure to either improve or protect itself. Restructuring is often but not always, a response to financial pressure felt by a business. It can also be an effective way of improving business performance for example, selling a cost centre. So why should you...

Reconsider insolvency law to save companies from premature death

Statistics published by the official receiver on Kenyan insolvency matters reveal a number of interesting trends. Company voluntary arrangements and administration despite the potential for business rescue have had almost no uptake. Liquidation despite its disadvantages remains the most popular insolvency process. For example, the liquidation of ARM Cement Limited saw secured creditors recover 62...

Q3 2022 Newsletter

In August, Kenya went to the polls to elect its fifth President marking end of the political season. After the votes were counted, including those at the Supreme Court, our fifth President was sworn in. The largely seamless polls were a key milestone in the Kenyan quest for democracy and leadership by the people for...

Avoiding the pitfalls of updating Pension Scheme documents

A recent decision from the Retirement Benefits Appeals Tribunal highlights the pitfalls of updating scheme documents. Updates while necessary to reflect current law, policy, and best practices can lead to undesirable consequences. Former employees of Standard Chartered Bank Kenya successfully challenged reduced pension benefits and had the bank ordered to repay a KES 1 billion...

Changes To Capital Market Regulations

The Cabinet Secretary Finance recently gazetted the Capital Markets (Whistleblower Regulations) 2022 to give effect to the amendments to the Capital Markets Act (the Act) in 2018 by setting up a framework for the payment of rewards to whistleblowers. The  amendments to the Capital Markets (Conduct of Business) (Market Intermediaries) Regulations 2011, will enhance access...

The Physical Planning Regulations

Introduction On November 26, 2021 the Cabinet Secretary for Lands and Physical Planning gazetted various regulations (the “Regulations”) under the Physical and Land Use Planning Act, 2019 (the “Act”) and they include: The Physical and Land Use Planning (Development Permission and Control) (General) Regulations, 2021; Physical and Land Use Planning (Development Control Enforcement) Regulations, 2021;...

Replacement Titles Following Land Title Conversion

Introduction The Ministry of Lands and Physical Planning published a list of titles within Nairobi County whose land reference numbers have been converted to new parcel numbers. Landowners of the listed titles can now apply for new titles on the Ardhi Sasa portal: https://ardhisasa.lands.go.ke. How can we help? Landowners This includes landowners of vacant land...

Recent Changes to Regulations Governing Retirement Benefits Schemes Apr 2022

Introduction On April 04, 2022, the Cabinet Secretary for the National Treasury and Planning introduced changes to the Regulations governing pensions. The changes that are highlighted below were introduced through Legal Notices Numbers 71, 73 and 74 of 2022 and affect Individual Pension Plan Schemes (IPPS), Occupational Retirement Benefits Schemes (ORBS), and Umbrella Retirement Benefits...

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