A Commentary of the court’s ruling in High Court Civil Case no. E007 of 2023 Kenya Women Micro Finance Bank Limited v Stellar Kavutha Muthoka & Kenny Muthoka Maluki and 8 other Interested Parties. Brief background of the case Our client advanced facilities to a...
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...
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...
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...
