By Jon Clapshaw (Senior Lawyer), Kendall Evans (Director), Alex Mathini (Partner) and Richard Harney (Senior Partner) – Bowmans Kenya

Prior to the implementation of the Companies Act in 2015 (Companies Act) Kenyan law prohibited a Kenyan private limited company from providing Financial Assistance. This was a major impediment to the completion of leveraged buyout transactions in Kenya. However, the Companies Act removed most of these restrictions and it is no...