On 11 December 2020, the Sectional Properties Act No. 21 of 2020 (the Act) was passed into law. The Act provides for the division of buildings into units to be owned by individual proprietors based on a sectional plan prepared by a surveyor.
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At the core of any M&A transaction is the fundamental scaling and growth of the integrated business unit at a macro level or tapping into and accessing the potential of the economies of scale of the target entity at a micro level.
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On 17 December 2020, the Nairobi Securities Exchange (the NSE) launched an Unquoted Securities Platform (the USP). The USP will function in accordance with its operational guidelines (the Guidelines) published on 11 December 2020.
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The Competition Authority of Kenya (the CAK) has published draft joint venture guidelines (the Guidelines). The Guidelines aim to provide clarity, transparency and predictability about joint venture arrangements that require CAK approval.
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By Walid Khan, Head of Real Estate and General Finance. In recent years, Islamic Finance has grown rapidly across the world. By conservative estimates, Islamic finance is estimated to have over $2.88 trillion of assets…
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Pursuant to a publication issued on 21 January 2021 (the Publication), the Competition Authority of Kenya (the CAK) has operationalised an informants’ rewards scheme (the Scheme). The Publication states that the Scheme became effective on 1 January 2021.
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The Cabinet Secretary for Lands and Physical Planning has, via a special issue of the Kenya Gazette issued on the 31st December 2020 (the Special Issue), announced the conversion of various parcels of land in Nairobi.
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On 20th February 2020, the Industrial Training (Training Levy) (Amendment) Order, 2020 (the Amendment Order) was gazetted introducing changes to the Industrial Training (Training Levy) Order, 2007 effective 23rd December 2020.
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Section 13 of the Land Act (Act no 6 of 2012) provides that the National Land Commission (the Commission) may make rules and regulations pertaining to the application for extension of leases before their expiration.
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Africa Law Partners and Afriwise are pleased to announce they have entered into a partnership, combining Africa Law Partner’s industry-leading expertise in real estate law with Afriwise’s powerful technology.
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