News & Updates

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 convened for that purpose. This flexibility, however, is not extended to public companies. In the case of public companies, resolutions may only be passed during

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 famous English case of Salomon v Salomon. This veil grants companies limited liability . However, the veil can be used to hide the true individuals

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 a majority of the voting shares in the subsidiary (usually more than 50%); By forming the subsidiary as a new company, incorporating it for specific

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 such as Kenya, LLPs are governed by Limited Liability Partnerships Act that regulate formation, management, partner relations, and dissolution. This write-up provides a detailed exploration

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 discharged from bankruptcy. In this issue, we will address the basics of bankruptcy. Specifically, we will look into the application for bankruptcy and when a