Empowering Employees With Ownership
Introduction Have you ever thought of turning employees into co-workers? Have you ever thought of how to keep your employees motivated for the long-run? Have you ever wondered what it would be like to give them a piece of the pie? Well, there is a plan that has been documented for years
Understanding Probationary Contracts in Kenya: Pros and Cons
In the Kenyan employment landscape, probationary contracts are a common feature, serving as a preliminary phase before full-time employment is offered. These contracts, governed by the Employment Act, 2007, provide a crucial testing period for both employers and employees to assess mutual suitability. However, like any employment arrangement, probationary contracts
Understanding Legal Regulatory Compliance for SMEs in Kenya
Introduction In Kenya, Small and Medium Enterprises (SMEs) are the lifeblood of the economy, driving innovation, creating jobs, and contributing significantly to the nation’s GDP. However, for these businesses to thrive, they must navigate a complex web of regulatory requirements. Understanding and adhering to these regulations is not just a legal
Part 2: Key Elements In Structuring Venture Capital Deals: Valuation, Rights And Preferences, And Exit Strategies
In the first part of our series, we explored the legal considerations involved in structuring venture capital deals in Kenya. In this second part, we will delve into the key elements that are crucial for both investors and startups: valuation, rights and preferences, and exit strategies. Understanding these components is
Understanding Investment Structures & Their Legal Implications
Venture capitalism continues to gain momentum in Kenya, transforming the entrepreneurial landscape and driving innovation across various sectors. Understanding the intricacies of different investment structures is crucial for investors and entrepreneurs to navigate this dynamic ecosystem effectively. We seek to unravel the complexities of these structures, explore the prevalent investment
Non-Compete Clauses: The Future Under Kenyan Law and Global Influences
In the ever-evolving landscape of employment law, non-compete clauses have long been a contentious issue, not only in Kenya but globally. Often a contractual agreement between an employer and an employee, a non-compete clause ensures the employee does not engage in other business activities that would be considered competitive with
The Significance Of Today In Our Legal Industry
Madaraka Day, celebrated annually on June 1st, holds profound significance in Kenya’s history. It commemorates the day in 1963 when Kenya attained internal self-rule from British colonial governance, marking a critical step towards full independence. While this day is a cornerstone of national pride and celebration, its implications extend deeply
Important Clauses To Look Out For While Raising Capital
A shareholder’s agreement is a contract between the shareholders of a company which sets outs their rights and obligations. It maps out how the company should be managed, establishes share ownership and share transfer rules and also provides for solutions to any disputes that may arise. During the registration of a
Embracing Legal Tech: A Kenyan Perspective on Transforming Legal Services
In the dynamic landscape of Kenya's business sector, the integration of technology into legal services is reshaping how legal practitioners operate and how businesses access justice. From Nairobi's bustling startup scene to established enterprises across the country, the adoption of legal tech solutions is driving efficiency, accessibility, and innovation. Let's
Mitigating Legal Risks in the Digital Age: Cybersecurity and Data Privacy
In an era where data breaches and cyber-attacks are becoming increasingly prevalent, businesses worldwide are grappling with the daunting challenge of protecting sensitive information and mitigating risks associated with data control. To better illustrate some of the risks and how to avoid them we highlight the scenario of a fictitious