TripleOKLaw

Stephen Mallowah

Partner and Head of Climate Change and Sustainability

THE NATIONAL ASSEMBLY PROPOSES A NEW REGIME FOR PETROLEUM PRICING IN KENYA

Introduction In October 2021, the Petroleum Products (Taxes and Levies) (Amendment) Bill 2021 (hereinafter ‘the Bill’) was tabled in the National Assembly by the Departmental Committee on Finance and National Planning. The Bill, if enacted, would introduce various changes to the petroleum pricing framework in Kenya. The Bill was introduced amid concerns regarding the drastic …

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

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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environmental, social and corporate governance ESG guidelines

Client Alert: Nairobi Securities Exchange ESG Disclosure Requirements

“A Company’s primary purpose can no longer be simply to make a profit for shareholders” Milton Friedman Over the last few decades, there has been a concerted effort within the business community to align company operations with the values and aspirations of their clients. Today there are myriad ways of achieving this goal and different …

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TripleOKLaw LLP ranked in top 50 african law firms list

TripleOKLaw LLP in Africa Top 50: Top African Law Firms List

Law.com International in partnership with Africa Legal released the second edition of the Africa Top 50, an annual ranking of the top African law firms with TripleOKLaw featured in the list. The list celebrates the biggest legal organisations operating in the African region by lawyer count, locations and strategic plan. TripleOKLaw’s presence on the list …

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Public Finance Management Act Legal alert

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

“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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CLIENT ALERT: Reputation Management In The Age Of Cancel Culture

In a story widely circulated in the media, Radio Africa Group, a reputable Kenyan media company was confronted with immense social scrutiny following comments made on-air by the hosts of one of the company’s popular morning radio talk shows. The comments were deemed, by a significant and vocal segment of their listeners and the public, …

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

“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 environment and climate change law reviews

Environment and Climate Change Law Review: Kenya Chapter Now Available

The 5th Edition of The Environment and Climate Change Law Review Kenya Chapter is now available with the valuable contribution from Partner Stephen Mallowah and Head of Climate Change and Sustainability Practice and Associate Chris Oyier. Part of the reputable The Law Reviews Series, this edition delves into the increased global reach of environmental law …

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

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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