Surety Bonds Law: Case for Collateral

A surety bond is a type of risk management tool; it is an agreement where the surety, a bank or an insurance company, provides their financial backing of the principal (the party responsible for fulfilling an obligation) for the benefit of the beneficiary (the party to whom the principal owes the obligation). Although surety bonds […]
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Highlights of the Finance Act, 2018

Introduction On 21st¬†September 2018, the President of Kenya assented to the Finance Act, No. 10 of 2018 after a lengthy legislative process. This was preceded by the President initially exercising his powers under Article 115(1)(b) of the Constitution of Kenya, 2010 to reject an earlier version that had been approved by the National Assembly. As […]
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