Pre-emptive rights in Company Law
Introduction It is said that charity begins at home, and no other principle could possibly explain the essence of pre-emptive rights in company law better than this. Before a company...
Company Resolutions and Meetings under the Companies Act 2015 (Kenya)
Modes of Passing Resolutions For private companies, the law permits two distinct modes through which members can pass resolutions: By means of a written resolution, or At a general meeting...
The Face Behind the Mask- Identifying beneficial ownership in company law
In company law, the concept of the corporate veil means that a company exists as a separate legal person, distinct from its shareholders and directors; a principle established in the...
Too young to sign?- When a minor can get into a contract
Capacity is one of the most essential elements in the formation of a valid contract. It ensures that parties entering into legal agreements do so with a full understanding of...
A Parent Company and its Subsidiary: Liability and Corporate Separateness-Piercing the corporate veil
A parent company is a corporation that owns and controls another company, referred to as its subsidiary. This relationship arises in one or more of the following ways: By acquiring...
Understanding Limited Liability Partnerships (LLPs) in Kenya
Limited Liability Partnerships (LLPs) represent a hybrid legal structure that combines the operational flexibility and tax benefits of a partnership with the limited liability features of a company. In jurisdictions...
Understanding Bankruptcy- Issue 1 (Insights from the Insolvency Act of Kenya)
The legal meaning of a bankrupt according to the Insolvency act is a debtor who has been adjudged bankrupt after an application for bankruptcy in Court and has not been...