Muri Mwaniki Thige & Kageni LLP: A Law Firm on the Rise
Muri Mwaniki Thige & Kageni (MMKT) has 4 partners, namely, Njunguna Muri, Martin G. Mwaniki, Eric Thige (Managing Partner) and Kageni Kimathi and 9 qualified associates and lawyers who are all specialists and experts in the firm’s three practice areas, commercial law, conveyancing and dispute resolution.
Muri Mwaniki Thige & Kageni (MMTK) LLP Advocates is one of the most outstanding medium-size commercial, conveyancing and dispute resolution boutique law firms in Kenya today. The firm has not only come of age, it has also built a strong reputation in legal practice over the last 21 years as a law firm whose lawyers have practical experience and deep knowledge of the law in corporate and commercial, banking and securities and litigation and arbitration areas that clients can trust and count on for the best results and legal outcomes.
MMTK Law commits to offer professional legal services with a personal touch and to work innovatively and collaboratively with every client in crafting personalized legal solutions which are creative and flexible to anticipate the marketplace. The firm is known for its consistency and effectiveness in upholding the best practices in the legal industry and providing quality legal services with a focus on corporate and commercial law, conveyancing (banking and real estate), commercial and civil litigation and arbitration.
MMTK Law has a wide client base with many of its clients having grown with, trusted and relied on the firm since its formation in 2000. They include local, foreign, private and public companies, major commercial banks and leading financial institutions, insurance companies, government parastatals, investment vehicles like chamas and saccos, industries and private individuals. The firm offers clients lasting relationships, unparalleled quality of legal services, affordable legal fees, reliability in turnaround and speedy delivery and practical legal solutions and value.
MMTK main offices are in Nairobi CBD at Rehani House (HFCK) on the junction of Kenyatta Avenue and Koinange Street but the firm has an elaborate network of select correspondent law firms in Mombasa, Nakuru, Kisumu, Nyeri, Eldoret and the country and East Africa. The firm also has a very competitive fee structure guided by the Advocates (Remuneration) Order and the needs of each particular client for affordability. It also maintains a Professional Indemnity Insurance Cover of Ksh. 100,000,000.00 per claim to cushion clients against any loss.
MMTK Law Excellence in Legal Practice
MMTK Law Corporate and Commercial Practice entails a dedicated team of specialist lawyers who are experts in various aspects of commerce and enterprise. They offer corporate legal advice, services and solutions to businesses including help in set up and registrations, employment contracts, legal reviews and audits, business and transactional due diligence; setting up of trusts, asset acquisitions and disposals, structuring shareholders’ agreements, reorganizations and joint ventures, mergers and acquisitions, regulatory compliance and intellectual property services.
MMTK Law Banking and Conveyancing Practice is a recognised and trusted advisor to local and international financial institutions in major transactions including securing general corporate loans and overdrafts, guarantees, working capital financing, asset financing, hire purchase and mortgages, facility agreements, security documentation, regulatory and compliance. It is also involved in all aspects of construction, property development and real estate deals and transactions. The firm also assists in the division, distribution and registration of family and inherited property.
MMTK Law is also recognized for its Litigation and Arbitration Practice and represents corporate clients including banks, statutory corporations, insurance companies and private companies and individual clients in all courts, tribunals and arbitrations. The firm undertakes commercial litigation, civil litigation including land disputes and labour law disputes, family law disputes, succession and inheritance matters, professional negligence and insurance claims and public law litigation including judicial review, public procurement, tax appeals, arbitration and mediation.
MMTK Law Team of Legal Experts and Specialists
The firm has a team of 4 partners, namely, Njunguna Muri, Martin G. Mwaniki, Eric Thige and Kageni Kimathi. In addition, it has 9 qualified associates and lawyers who are specialists and experts in the firm’s three practice areas. These include Dellah Mwanzile and Eric Mose (associates in the Litigation and Arbitration) Catherine Nyambura, (Conveyancing Associate) and Valerie Cherono Letich (Corporate, Commercial and Conveyancing Associate). MMTK lawyers include Olive Muchoki, Joy Imali, Charity Wamuyu, Karambu Mugambi and Salome Waithera.
Njuguna Muri is an advocate of more than 24 years standing and the Senior Partner at MMTK who handles banking securities, finance, real estate transactions and corporate commercial work. He has wide experience acting for banks, financial institutions and companies in a wide range of lending and financing transactions, debt restructuring, inter-lending, take-overs and advising and acting for receivers-managers. He is also engaged in legal securities audits, estate planning and asset management, protection of intellectual rights and all types of business formations.
Martin G. Mwaniki is also an Advocate of over 24 years and a Senior Partner in the Dispute Resolution Practice. He is involved in representing clients at various levels of the Kenyan court system and tribunals, principally in civil, commercial and public law litigation as well as in arbitration and mediation. He also advises individuals and entities in setting up and aligning their transactions, products and processes with industry specific laws in various areas including banking and finance, securities, employment and human resource management, pensions and construction.
Eric Thige is the Managing Partner of MMTK and a Partner in the Dispute Resolution where he is actively involved in commercial litigation and arbitration matters being a member of Chartered Institute of Arbitrators. He has represented local and international clients in consumer protection, tax, banking, insurance, employment, environment, medical negligence, land and public procurement law at the Court of Appeal, the High Court, Environment & Land Court, Employment & Labour Court, Lower Courts and Tribunals and Domestic and International Arbitral Tribunals.
Kageni Kimathi is a partner in Corporate & Commercial Practice where she works with business of all sizes and levels from fast growing and high net worth business to small startups in providing practical solutions to their day to day business challenges and legal issues. She is recognized as a resourceful and innovative lawyer whose areas of specialization include Intellectual Property (IP) such as Trademarks and Patents, Employment Law Advisory, Retirement Benefits and Pensions, Business Transactions and Contracts and Company Secretarial being a Certified Secretary (CS).
CR Advocates LLP is the Kenyan Law Firm to Watch in 2023 after Epic 2022
The year 2022 was a year of many firsts for CR Advocates LLP as the firm defied every theory of law firm growth to emerge as a top mid-size firm in Kenya. In the wake of its rise to the top, CR Advocates LLP scooped two top legal awards and earned its place in the law listings in the country among the Top 20 Law Firms in Kenya.
First, CR Advocates LLP as a firm came of age by emerging as the top recommended law firm in Kenya by highly-rated The Lawyers Global. CR Advocates LLP was the Winner of the Legal Award of The Lawyers Global ranking in Kenya based on reviews by clients and independent analysis by the directory. It beat top tier firms including Gikera & Vadgama Advocates and Walker Kontos Advocates to scoop the coveted award.
Second, CR Advocates LLP made a debut into THE LAWYER AFRICA Top 100 Law Firms in Kenya List which is based on headcount and reputation for excellence. The firm emerged among the TOP 20 LAW FIRMS IN KENYA by headcount having two dozen fee earners within its ranks. In this category, CR Advocates LLP stands shoulder to shoulder with many seasoned law firms including Mohamed Muigai LLP, Robson Harris LLP and Mboya Wangong’u and Waiyaki Advocates.
Third, CR Advocates LLP was shortlisted for the Nairobi SME Law Firm of the Year Award at Nairobi Legal Awards. The award recognizes the top mid-size law firms in the country. As if that was not too much already, CR Advocates LLP beat a dozen established law firms to emerge as the overall winner of the prestigious award with Igeria & Ngugi Advocates emerging as 1st Runners Up and McKay Advocates as 2nd Runners Up.
The overall result is that the firm of CR Advocates LLP begins the year 2023 as the top law firm in Kenya being the reigning award winner of both SME Law Firm of the Year Award 2022 and The Lawyer Global Legal Award Kenya 2022. In addition, the firm is now confirmed as being amongst the top 20 law firms in Kenya by THE LAWYER AFRICA.
The quick-paced upward trajectory of CR Advocates LLP which has earned it the reputation of disruptor in the corporate and commercial law scene is attributable to excellent client service and consistently efficient, reliable and cost-effective legal services. The firm boasts over 25 legal professionals most of whom are leaders and rising stars in their respective specialist practice areas.
CR Advocates LLP clientele ranges from established multinationals to state corporations and emerging SMEs and Startups as well as individuals clients. Founded in 2013 by Princess Caroline Mutisya, one of Kenya’s top Real Estate, Commercial and Corporate Law Attorneys, the firm is celebrating its 10th Anniversary this year as it pivots to embrace its new status as a leading law firm in the country and to set the stage to dominate the legal scene for the next decade.
There is no doubt CR Advocates LLP is the law firm to watch this year as every move the firm’s Managing Partner Princess Caroline Mutisya and her team makes is bound to shake the legal sector. The firm is admittedly a case study for legal services sector analysts seeking to seeking to unearth the secret of building a top law firm from the bottom up within a decade.
Bowmans Expands its Tax Practice in East Africa
Bowmans has made a substantial investment in its tax capacity in East Africa by expanding its Tax Practice in Nairobi with recruitment of four (4) associates. Senior Associates, Fredrick Ogutu and Patience Mbugua, joined the firm on 1 May 2022. This is in addition to Associates Lynet Mwangi and Bernard Kirii who joined the firm on 1 March 2022, adding further depth to the firm’s tax service offering.
Before joining Bowmans, Fredrick was a manager in the tax and legal department of audit firm Deloitte & Touche LLP. He has extensive experience in providing tax advisory on both local and international/cross – border tax issues, tax restructuring, tax support in mergers and acquisitions, tax due diligence, tax dispute resolution, tax compliance and assessment of tax risks across various sectors.
Patience Mbugua previously worked in the tax dispute resolution department of the Kenya Revenue Authority (“KRA”), where she gained considerable experience in handling tax disputes involving taxpayers in various sectors. Prior to that, she worked for an audit firm, PricewaterhouseCoopers (PWC) and has considerable experience in providing a wide array of tax services including direct and indirect tax compliance, tax reporting, tax advisory, KRA audit support, tax dispute and tax litigation.
Lynet previously worked in the tax and regulatory services department of audit firm, KPMG East Africa, as well as Dentons Hamilton Harrison & Matthews. She has wide experience providing tax services, including tax advisory and structuring, KRA audit support, tax dispute resolution and regulatory compliance. Bernard Kirii joined Bowmans from KPMG East Africa, where he specialized in tax dispute resolution services for clients; tax optimization; tax restructuring; and tax advisory services, including mergers and acquisitions.
According to Bowmans, the expanded tax team helps expand the firm’s tax offering especially by providing additional assistance in mergers and acquisition transactions, including undertaking tax due diligence reports; tax restructuring and optimization involving both local and international/cross border entities; assistance with KRA audits; and conducting tax health checks on all tax heads. These services are in addition to the current tax advisory and tax dispute resolution services provided by Bowmans.
“We are pleased that the team has chosen Bowmans as their new home, and we are confident that they will enhance the tax service that we offer our clients across our geographical footprint,” said Bowmans Tax Partner and Head of Tax Practice Alex Mathini. Alex has been ranked by Chambers & Partners for the last six (6) consecutive years and Chambers Global Guide 2022 ranks Alex among the Top 2 Lawyers in Tax Law in Kenya.
In addition to Alex and the four new associates, Bowmans Tax Practice in Nairobi includes Andrew Oduor (Tax Partner), Samuel Githanda (Senior Associate), Nelly Chepkoeach (Associate) and Maurice Muma (Associate). Andrew Oduor is a tax practitioner of sixteen (16) years who is active in tax litigation, tax compliance and tax advisory services. He is the Kenyan contributor to an annual Global publication by Thomson Reuters Practical Law on Tax Litigation in Kenya.
BOWMANS SOUTH AFRICA: JSE Consultation Paper to Reform Listings Framework
By Mili Soni (Senior Associate) and Charles Douglas (Co-Head of M&A), Bowmans, Johannesburg, South Africa. Bowmans is the 3rd Largest Law Firm in Africa as ranked in Africa Top 50 Law Firms in 2022, with over 400 specialist lawyers providing integrated legal services throughout Africa from eight offices (Cape Town, Dar es Salaam, Durban, Lusaka, Johannesburg, Kampala, Moka and Nairobi ) in six countries.
As part of the JSE’s active focus on remaining relevant and competitive in order to retain and attract more listings and capital markets activity, the JSE has released a further consultation paper considering the following proposals:
- Market segmentation: It is proposed that mid/low-cap companies be provided with regulatory relief by splitting the current two-tiered equities market from the Main Board and AltX into two segments at Main Board level and establishing a growth board (for SMEs to have an effective and appropriate level of regulation depending on the market cap and level of liquidity concerned).
- Dual class shares: The introduction of dual class shares is being proposed (i.e. low or high voting shares, being shares of different classes holding different numbers of votes per shares).
- Technology Board: The JSE would like to establish a Technology Board to invite tech IPOs to take place through more inclusive and adaptable listing rules to support technology and innovation enterprises. It is anticipated that this would allow, inter alia:
- dual class share structures;
- no profit or qualified audit opinion over the last two years;
- a lower threshold for subscribed capital;
- a lower level of equity shares in issue and a lower free float threshold; and
- broader ranges for cat 1 and 2 transactions and issue for cash authorities.
- Free float: The 20% free float threshold for a Main Board listing is a deterrent to listing and may be reconsidered, alongside reconsidering public spread criteria as applied to institutional investors.
- Depositary receipts: The JSE would like to allow African listed companies to access the JSE through depositary receipts to gain exposure to African listed securities.
- Simplification of the JSELR: The aim is to use plain language and reduce the volume of the JSELR.
- Auditor accreditation: This may be removed for applicants whose auditors are regulated by the Independent Regulatory Board for Auditors (IRBA).
- REIT expansion: The JSE is considering expanding its REIT offering beyond property (e.g. to include infrastructure).
- Review of SPACs: Further alignment with international leading markets is sought to ensure the attractiveness of SPACs.
- Financial Reporting Disclosures: The JSE aims to simplify these.
- Actively Managed Certificates and Actively Managed Exchange Traded Funds: Expansion of specialist securities offerings is in the pipeline.
- Specialist securities rejuvenation project: The JSE intends to remove administrative provisions and align the provisions with international best practice going forward.
- Repositioning the BEE segment: Simplification of the BEE Listings Requirements is sought to allow BEE companies to list on a stand alone basis, where trading will only be allowed between eligible BEE participants.
- Review of Secondary Listings Framework: The JSE would like to expand its list of approved and accredited exchanges to facilitate these (e.g. the Singapore Stock Exchange was added to the list in 2021 and also qualified for the fast-track secondary listing route).
The JSE invites comments by Monday 20 June, after which it will engage with the Financial Sector Conduct Authority (FSCA) for approval.
The information contained in this article is provided for informational purposes only, and should not be construed as legal advice on any subject matter. Follow this link to read the Original Article published in the Bowmans Website. The Copyright © for the article belongs to Bowmans and the Authors. For any further information or clarifications on the above matters, please contact: Charles Douglas and Mili Soni.
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