KENYA: WHAT IS THE LAWFUL PROCEDURE FOR A LENDER TO SELL YOUR PROPERTY IN CASE YOU DEFAULT IN LOAN PAYMENTS?
18 December 2023 | www.wka.co.ke | +254 798 035 580 | #Edition 17-Subscribe to our weekly newsletters: info@wka.co.ke Many are times when Kenyans obtain loans from banks and other financial institutions by executing a #legalcharge (commonly known as collateral) on their property, especially land, as security. However, these charged properties usually end up being auctioned...
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THE MBWA KALI (FEROCIOUS DOGS) DECLARATIONS BY LOUNGES, BARS & RESTAURANTS-IMAGE RIGHTS IN KENYA
A DISCUSSION ON THE BULLISH, ILLEGAL & UNINFORMED REACTIONS BY OWNERS OF ESTABLISHMENTS TO THE OFFICE OF THE DATA PROTECTION PENALTIES WKA Advocates Newsletter-Edition #12 It is our considered opinion that by publishing some of the uninformed notices highlighted in our WKA newsletter, owners of entertainment joints and restaurants such as #theloftlounge and #thequiverlounge, have...
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KENYA: HOW TO AVOID PROBATE-WKA ADVOCATES
Death is inevitable and it is therefore important for one to make plans, especially with regard to property (estate). It is imprudent for a person to live without making arrangements of how his/her property will devolve upon death. The importance of making such plans is to ensure that the dependents and next of kin are well provided for, and the wishes of the deceased are respected. The Law of Succession Act provides the rules for writing a valid and enforceable will, as well as the applicable rules for the succession of an intestate’s estate. However, the Kenyan courts have declared wills to be invalid or revoked on numerous occasions, rendering the deceased person an intestate. The main disadvantage of dying intestate is that the deceased is unable to maintain control over his/her property upon death. This exposes the next of kin to the rules of intestacy which are arbitrary and may also lead to disputes over the estate among family members.
Read MoreKENYA-CABINET APPROVES SPLITTING OF NHIF (NATIONAL HEALTH INSURANCE FUND)
IN HONOUR of the President’s pledge to accelerate Kenya’s attainment of Universal Health Coverage (UHC) the Cabinet considered and approved 4 crucial Bills that promote healthcare, for transmission to Parliament. These are:- 1. The Primary HealthCare Bill, 2023; 2. The Digital Health Bill, 2023; 3. The Facility Improvement Financing Bill, 2023; and 4. The Social...
Read MoreKENYA- A NEW DAWN FOR FOREIGN
INVESTORS IN THE ICT SECTOR
The Information and Communications Technology (ICT) Sector Policy Guidelines 2020, Kenya, introduced the requirement that foreign firms licensed to provide telecommunications services in Kenya should have at least 30 percent(%) shares held by the locals, within a 3-yeargrace period.The rationale of the 30 percent (%) local shareholding requirement in the ICT sector was to ensure...
Read Morebest law firm in kenya-wka advocates
WKA Advocates WKA Advocates is a medium-sized law firm located in Nairobi Kenya. The firm comprises of highly qualified Lawyers. We offer high-quality legal services and solutions to clients. Our vision is to establish regional networks in Kenya offering high quality legal services in order to match our clients’ business footprints and ambitions. About Us...
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WKA ADVOCATES GUIDE ON UNDERSTANDING LAND SIZES AND MEASUREMENTS IN KENYA
Hey there, land lover!Do you really know the size of your favorite 1/8th plot? Or do you just like the sound of saying “1/8th”? We get it, sometimes size can be a confusing thing.But fear not, because we’re here to help! As you search for your dream property, it’s important to understand the different plot...
Read MoreLEGAL ALERT-Vol. I,2023
IMPACT OF TRIPLING OF CAPITAL GAINS TAX ON PROPERTY SALES IN KENYA EFFECTIVE JANUARY 1 2023The Finance Act of 2022 amended the Income Tax Act, increasing the rate of capital gains tax, or CGT, from 5percent (%) to 15 percent (%), effective from January 1, 2023.CGT is a tax imposed on the transfer of property...
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WKA ADVOCATES’ GUIDE TO AVOID PREMIUM TEARS WHEN BUYING LAND/HOUSE IN KENYA
wka advocates the the best law firm in Kenya WKA ADVOCATES’ GUIDE TO AVOID PREMIUM TEARS WHEN BUYING LAND/HOUSE IN KENYA DON’TS WHO SELLS LAND/HOUSES IN KENYA? DO’s WHAT ARE THE TYPES OF LAND CLASSIFICATION? • In Kenya Land is Classified as Private, Public or Community. The NDUNG’U LAND REPORT lists land that was acquired illegally. It is...
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