Requirements needed to set up a company
Do you want to setup a company? Having a business up and running most often one needs a company in order to have a structured and well aligned system to function. That is why it is advisable that you open up a company in order to run your business, because a company is a legal […]
Corporate governance in start-up companies
CORPORATE GOVERNANCE IN START- UP COMPANIES WHAT IS CORPORATE GOVERNANCE? Corporate governance is defined as the legal and regulatory measures taken to ensure the protection of shareholders’ interests in a company and ensure the proper direction and control of the company in line with the said laws and regulations. This definition was derived from […]
Facts about term sheets
What is a Term Sheet? A term sheet is a non-binding agreement between parties that sets out the basic terms and conditions of an investment and which is usually used by startup companies when they commence their operations. The non-binding effect of a term sheet signifies the avoidance of legal formalities that arise when a […]
What is a cease and desist letter?
A cease and desist letter is sent to immediately stop an individual or entity from continuing a specified unauthorized use or action. This is commonly the last resort before a lawsuit is filed. WHAT ARE THE CONTENTS OF A CEASE AND DESIST LETTER? The letter should reveal the grounds of the claim as well as the right of […]
Steps to take when your copyright is or has been infringed
Establishing legal grounds in Copyright infringement The first step towards filing a claim for copyright infringement is identifying the legal grounds on which your copyright may have been infringed. Infringement of a copyright often arises when a third party performs any acts legally granted to the copyright holder or author in relation to the […]
Lending money to a friend? What kind of investor are you? Who is an investor?
A person or organization that puts money into financial schemes, property, etc. with the expectation of achieving a profit/ financial returns from it. The investors may include everyone, that is, from startup accelerators to Capital Markets institutions and even family members who loan money to one another. They buy into long-term strategic positions and expect […]
Why you need your contracts to be reviewed by a lawyer
The practice of thoroughly reading and understanding a contract before agreeing to its terms is known as contract review. It is advisable that anyone (company, entities, individuals) intending to enter into a business arrangement for the provision of a good or service get their contracts reviewed. Reasons for having a lawyer review your contract include […]
DISCUSSION PAPER ON THE CENTRAL BANK DIGITAL CURRENCY
The Central Bank of Kenya (“CBK”) has published a Discussion Paper on the Central Bank Digital Currency (the “Paper”). The publication is meant to stir discussion and responses from stakeholders around the concept of the introduction of a Central Bank Digital Currency (CBDC). We prepare this alert as a compilation of the highlights and to […]
Best Practices For Effective Boards
Best Practices For Effective Boards A Board of Directors is the primary driver of corporate governance in a company. Corporate Governance refers to the manner in which the competing interests of a company’s stakeholders, namely: shareholders, management, the Government, creditors, employees and suppliers among others, are directed and controlled with the goal of creating long-term […]
Ease of Doing Business and Digitization of Business Registration Services
Ease of Doing Business and Digitization of Business Registration Services The World Bank lists amongst other parameters the following indicators against which the ease of doing business in a country is measured: Starting a business – Procedures, time, cost and paid-in minimum capital to start a limited liability company; Registering property– Procedures, time and cost […]
