The Legal 500

Legal Developments worldwide

• One Step Closer to EU Approach: Amended Guidelines on Vertical Agreements

  The Turkish Competition Authority (" Authority ") completed its work in progress on revising the Guidelines on Vertical Agreements (" Guidelines ") that was issued based on the Block Exemption Communiqué on Vertical Agreements (" Communiqué No. 2002/2 "). It took approximately 2 years for the Authority to finalize its work. The Authority has published the updated version of the Guidelines on its official on March 30, 2018 (Friday). Below is the summary of amendments made in the Guidelines:
  - ELIG, Attorneys-at-Law

• The Companies Act 2015, Part II: Director's General Duties - Greater Responsibility and Even Greater

  The new Companies Act 2015 has gone to great lengths to usher in reforms particularly in the management of companies by clarifying the duties of directors, identifying actions to determine their unfitness for their role and penalties for the breach of their duties either by action or inaction on their part. A director now must not only grasp the new duties owed by a director under the Act but also comprehend the consequences of breaching these duties.
  - Muthaura Mugambi Ayugi & Njonjo Advocates

• The Companies Act 2015, Part I: The Game Changer

  The Companies Act 2015 (the “Act”) was published on 18th September 2015 and will eventually replace the previous Companies Act which had been in place for over 50 years [1] .  The Act is one amongst other statutes including the Insolvency Act 2015 [2]  recently enacted for the purpose of modernizing the laws regulating Kenya’s business environment. The Act aims to:
  - Muthaura Mugambi Ayugi & Njonjo Advocates

• But It’s My Land! – Ways Through Which the Right to Land Can Be Lost

  The ambers of the often emotive and confrontational issues relating to land ownership and land use in Kenya lingers on.
  - Muthaura Mugambi Ayugi & Njonjo Advocates

• The Companies Act 2015, Part III: Shareholder Gains & Management Oversight

  Several changes have been introduced by the Companies Act 2015 that will impact greatly on shareholders. The changes seek to combat shareholder apathy particularly in decision making in public companies, provide greater access to corporate information to enhance transparency, embrace the benefits of the digital era in communication to shareholders and regulatory procedures. More importantly, the Act seeks to balance the rights of shareholders as owners, and the duties of directors as managers of the company whose loyalty is to the company and not a single shareholder.
  - Muthaura Mugambi Ayugi & Njonjo Advocates

• Category 1 Status: A Milestone For Kenya’s Airspace

  On 27 th  February 2017, Kenya was granted Category 1 status by the Federal Aviation Authority of the United States of America hence paving the way for direct flights between the two countries. A Category 1 status rating means that the Kenya Civil Aviation Authority (KCAA) meets International Civil Aviation Organisation (ICAO) standards. The country has been granted the status after complying with international safety standards under the agency’s International Aviation Safety Assessment (IASA) program.
  - Muthaura Mugambi Ayugi & Njonjo Advocates

• Turkey Regulates Broadcasting Services Provided Through the Internet

  I. Introduction
  - ELIG, Attorneys-at-Law

• Quarterly Update on Trade Defence Cases in Turkey (March 2018)

  In Turkey, the authority to initiate dumping or subsidy examinations, upon complaint or, where necessary, ex officio , is given to the Ministry of Economy ("Ministry"). Within the scope of this authority, the Ministry announces its decisions with the communiqués published on the Official Gazette.
  - ELIG, Attorneys-at-Law

• FAILING TO PREVENT BRIBERY

  Following the first conviction of a company for failure toprevent bribery, Aziz Rahman considers the implications of the case for thosein business.
  - Rahman Ravelli Solicitors

• MONEY LAUNDERING AND THE GAMBLING INDUSTRY

  With a bookmaker being ordered to pay millions for failingto prevent money laundering, Nicola Sharp and Syedur Rahman examine how thegambling industry can tackle the problem.
  - Rahman Ravelli Solicitors