by Lawrence Ongeri, Flavious Chepkirui and Najib S. Ahmed | Nov 5, 2024 | Legal update
Our client advanced facilities to a Chargor, who accepted the terms via Letters of Offer and executed a Charge and a Deed of Assignment of Rental Income as security. Following the Chargor’s default in servicing the loan and failure to rectify it despite...
by Virginiah Nduta, Flavious Chepkirui and Denis Mutugi | Oct 7, 2024 | Legal update
Introduction It is a common practice in the business world for Parent and Holding Companies to provide collateral and guarantee support for loan financing to their subsidiaries and sister companies. There are usually no legal restrictions whatsoever on issuing cross...
by Charles Wamae, Najib S. Ahmed and Flavious Chepkirui | Dec 19, 2023 | Legal update
In our legal alert dated 18th May 2021, we discussed the law regarding transfer of shares by transmission. (Link: https://wamaeallen.com/the-law-regarding-transfer-of-shares-by-transmission/)In the aforementioned article, we stated that shares can be held individually...
by Virginiah Nduta and Flavious Chepkirui | Feb 13, 2023 | Legal update
A. INTRODUCTION In recent years especially during and immediately after the unprecedented Covid 19 pandemic, there have been numerous media reports of corporate entities facing a financial crisis. Financial distress in the corporate sector calls for which law is most...
