Business Law

Business Type: Securities exchanges are regulated markets or platforms where securities are offered for sale, purchase, or exchange, including any clearing, settlement, or transfer services. The primary example is the Nairobi Securities Exchange (NSE), which facilitates the trading of equities, bonds, and other financial instruments. Licensing Requirements: Applicants must be incorporated...

I IntroductionThis advisory seeks to examine whether the mere inclusion of “Terms & Conditions” or a reference such as “Terms & Conditions website.com” on a receipt is legally sufficient to bind the parties to the provisions therein, or whether the complete text of the terms must be incorporated within the document. Terms & Conditions may be defined as special or general...

Introduction Private Equity invests in already existing private companies not listed in the stock exchange that are either promising companies in need of growth and expansion or those in need of ‘repair’. This is done by having a pool of investors investing in a fund; contributes to the fund and buy out the company whereby some changes are made such as change in strategy in reliance on the...

What Is Sustainability-Linked Loans (SLLs)? Sustainability-Linked Loans (SLLs) are a form of financing where the borrower’s cost of capital is tied to their achievement of predefined Sustainability Performance Targets (SPTs). Unlike green or social loans whose use of proceeds must be earmarked for eligible projects, SLLs can be used for general corporate purposes, provided the...

The Green Loan Principles (GLPs) are a set of voluntary and recommended guidelines that establish a framework for loan instruments exclusively designated to finance or re-finance “Green Projects.” GLPs’ defining legal characteristic is the strict application of its proceeds for environmentally beneficial purposes. The GLPs are structured around four core components, which serve as...

What Are Social Loans? Social loans are defined as loan instruments or contingent facilities (such as bonding or guarantee lines) where the proceeds are exclusively used to finance or refinance eligible Social Projects, in alignment with the four core components of the Social Loan Principles (SLP). These projects must demonstrate clear social objectives and target populations, and the...

Topics covered: Types of business entities and their basic tax treatment; Key features of the tax regime applicable to incorporate businesses; The division of the tax base between corporations and non-corporate businesses; Key features of the taxation of inbound investments; Key features of the taxation of non-local corporations; Key features of the taxation of foreign...

Kenya’s Cabinet recently approved plans to dissolve or merge several state corporations, consequently raising several legal and policy considerations. This action, undertaken pursuant to a budgetary support program with the International Monetary Fund (IMF) and the World Bank, necessitates analysis within the framework of Kenyan law, including the Constitution of Kenya, 2010, the State...

The primary models of corporate entity acquisition are usually through share or asset acquisition. Various factors influence the decision to settle on either of the two. In this write-up, the focus is on acquisition through shares, as discussed below. 1. Completion Accounts In this model, the parties initially agree on an estimated sale price and upon completion, the “completion...

Chambers & Partners – Corporate Tax 2024 KenyaDownload