TripleOKLaw

Stephen Mallowah

Lawyer, Corporate and Commercial Law

Client Alert: Central Bank of Kenya Mandates Climate-Related Financial Disclosures

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On October 15, 2021, the Central Bank of Kenya published the Guidance on Climate-related Risk Management, issued under section 33(4) of the Banking Act, Cap 488, which empowers the Central Bank of Kenya to guide institutions in order to maintain a stable and efficient banking and financial system. Under the Guidance, the Board of Directors …

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The Above Standard Issue 8 the new face of dispute resolution

The Above Standard Newsletter Issue 8: Sell Your Suitcase, Buy A Webcam

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In the summer of 2015, John T. Chambers, former CEO of Cisco Inc., (largely credited for the technology company’s growth from a mid-size company with revenues of $70m to a technology behemoth with a run-rate of approximately $40 billion) stated that with the advent of cloud technologies, machine learning and other digital technologies, only 40% …

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Public Finance Management Act Legal alert

Ready For Business – The Public Finance Management (Biashara Kenya Fund) Regulations, 2021.

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“Biashara”, with its roots in the Arabic to “sell or buy”, is the Swahili word for business, but also translates as “trade” or “commerce”. By Legal Notice No. 55 of 2021 dated 10th of April 2021, the Cabinet Secretary for the National Treasury and Planning, in exercise of the powers conferred to him by Section …

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LEGAL ALERT: Temporary Suspension of Section 12d of the Income Tax Act and Related Minimum Tax Guidelines

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“Having considered the issues placed before me, it is my view and I find that this is an appropriate case for the 2nd Respondent (Kenya Revenue Authority) to “hold its horses” for the time being as this Court navigates through the labyrinth of the respective contentions made by the parties herein.” Justice George V. Odunga …

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The Above Standard Issue 7: The Future of Law in Revolutionising the Global Economy

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The evolution of law and society is often portended by a time of catastrophe, uncertainty and disillusionment. With most economic sectors grappling with the reality of the coronavirus, firm executives are faced with a burdensome reality, they must evolve their businesses or die.The legal profession is no different, and its hesitation to innovate proactively is …

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Vaccinate Your Business Against the Economic Impact of the Coronavirus Pandemic

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Kenya’s economic slowdown and its impending contraction due to COVID-19 Prior to the coronavirus, Kenya’s economic expansion slowed down from 6.3% in 2018 to 5.4% in 2019. The slower growth was associated with underperformance in agriculture (due to poor rains) and private investment which weakened due to crowding out from widening fiscal deficits and limited …

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