What is Probate and Why Do You Need It? When someone passes away in Kenya, their property cannot simply be divided amongst family members. The law requires proper court authorisation before anyone can handle a deceased person’s assets. This legal process is called probate, and it protects everyone involved whilst ensuring orderly estate administration. The...Read More

A Will is a record of the deceased person’s wishes and intentions pertaining to the devolution of his property upon his death. A Will is a testamentary document and is meant to take effect upon death; it has no legal effect until the maker dies. Section 5 of the Law of Succession Act provides that...Read More

This guide breaks down key concepts in Kenyan succession law to help you navigate inheritance matters. • Succession – means inheritance or simply transmission of ownership of property from the deceased person to those who are still living. Therefore, succession law deals with how to distribute a deceased individual’s property. • Estate – means a...Read More

The Business Laws (Amendment) Bill, 2024 (the Bill) which is currently undergoing public participation is seeking to introduce legal provisions to increase the minimum core capital requirement for Kenyan banks and mortgage finance companies from KES 250 million to KES 10 billion within the next three years. The rationale being that banks with sufficient capital...Read More

Introduction On 14th October, 2024, the Central Bank of Kenya (the CBK) issued a press release confirming that in accordance with section 43 of the Banking Act (Cap 488, Laws of Kenya), it was granting authority to JPMorgan Chase Bank N.A., a financial conglomerate domiciled in the USA, to establish a Representative Office in Kenya....Read More

Background On 17th October, 2024, the Business Registration Service (BRS), a state entity established under the BRS Act of 2015 issued a notice requiring companies to prepare and maintain a register of Beneficial owners by 30th November, 2024. This is in line with the Companies Act, 2015 and Companies (Beneficial Ownership Information) Regulations, 2020. The...Read More

Introduction While the economic downturn globally has seen a rise in loan defaults, there has been a rise in cases where individuals claim they have not defaulted on loan payments but are nonetheless adversely listed with credit reference bureaus (CRBs). Banks, microfinance banks and other credit providers have a legal obligation to forward to the...Read More

On 14th May, 2024, more than 10 years after its passing, the Public Benefits Organisation Act, 2013 has been brought into effect. This will bring much needed change to the non-profit landscape in Kenya. Generally, the type of non-profit entity that a person chooses depends on what activity or function you want the non-profit to...Read More

Every so often a case like the recent Erdemann case pops up and Kenyans are aghast. How can a court give a bank the right to auction off properties that have been seemingly sold off to homeowners by a developer? The situation is regrettable but the cause of this is simple enough: buyers on average...Read More

What is a share buyback? A share buyback is a purchase by a company of its own shares from a shareholder. One of the main reasons for a company to purchase its own shares is to return surplus cash to shareholders. An obvious advantage of a company implementing a share buyback is that it pays...Read More