“Upon perusal of the provisions of Section 104(1) of the Land Act, it is apparent that an application for leave to sell a charged property by public auction at a value below its forced sale value ought to be filed before the property is sold. Section 104(2) (d) of...
“Based on the above law, and in the absence of evidence to the contrary, I am of the view that the actions carried out by the administrator fell within his mandate. Further, I am not aware of any bar in law that prevents the Bank from pursuing the provisions of the...
The commercial value of land can be derived from its ability to be quantified. This quantification of value has enabled land to be used as a commodity, it can be sold, purchased and leveraged. Accordingly, under the provisions of the Land Act (Cap. 280), land can now...
A. INTRODUCTION Anti-money laundering (AML) regulations are important in preventing the flow of illicit funds in various sectors of the economy, including real estate. The real estate sector in Kenya has been a target for money laundering activities due to the large...
Introduction On 25th January 2022, Mativo J, proceeded to deliver a ruling in what has been protracted litigation between a defaulting borrower, a guarantor and a financier seek to exercise their statutory power of sale. The borrower Juja Coffee Exporters Ltd, to whom...
