Legal updates for May 2017
A list of legislation gazetted in May along with an analysis of the key legal developments involving redundancy, insurance, employment and finance.
01.06.2017
May 2017 Legislation
Click here for a round up of legislation gazetted in May.
New Act Governing the Use of Movable Property as Security
The Movable Property Security Rights Act, 2017 came into force on 16 May 2017. It is a radical overhaul of the law relating to movable assets (including receivables) which will have a significant impact on the creation of security over assets in Kenya and other transactions, such as lease-hire and hire-purchase.
If you would like to read more on the implications of the new Act click here or contact Oliver Fowler OFowler@kapstrat.com.
The Employment (Amendment) Bill, 2017 and the Breastfeeding Mothers Bill, 2017
The Bills seek to enhance women’s rights with longer maternity leave and support in the work place for breast feeding and lactating mothers. If you would like to read more on the implications of the proposed amendments click here or contact Esther Kinyenje EWK@kapstrat.com.
Changes to Insurance Licensing Regimes
Some key changes to the Insurance Regulations seeking to reduce the administrative burden on insurers of having to provide similar information when making their yearly licensing applications.
If you would like to read more on the amendments click here or contact Mahesh Acharya MAcharya@kapstrat.com.
A Welcomed Confirmation From the Court of Appeal on Redundancy
The Court of Appeal reaffirmed the principle that organisations have the freedom to conduct their businesses according to their own business plan. The decision to declare redundancy is vested in the employer however, organisations need to ensure they gave followed the correct legal process as stipulated by law.
If you would like to read more about the decision and the current redundancy requirements and time frames click here or contact Esther Kinyenje EWK@kapstrat.com.
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