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Kyalo & Associates was established in 1995 by its founder Mr. Kyalo Mbobu. It comprises of a team of highly qualified, experienced and talented professionals who work on both the domestic legal front and on the international front in provision of legal services.
The firm shares the common values of integrity, personal responsibility and tenacity in an enthusiastic client-service culture. We are guided by an enduring entrepreneurial spirit and demanding standards.
FIRM VISION
To create a world class legal practice through provision of the best attainable legal services within the region.
MISSION
To always provide excellent but expeditious services to all our esteemed clients. The above vision has been achieved through hard work, team work, pooling resources together and being courteous to both clients and fellow team members.
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RECENT AMENDMENTS TO BANKING LAWS
{A paper presented at the FLSTAP Emerging Trends in Commercial and Financial Laws workshop held on 9th – 10th June 2011, KCB Leadership Center, Karen, Nairobi}
KYALO MBOBU*
INTRODUCTION
This kindness will I show. – Go with me to a notary, seal me there. Your single bond; and, in a merry sport, if you repay me not on such a day, in such a place, such sum or sums are express’d in the condition, let the forfeit be nominated for an equal pound of your fair flesh, to be cut off and taken in what part of your body pleaseth me[1].
1 The tussle between lenders and their borrowers is an old one. It is noted in the new covenant of the Bible[2], in literature of the middle ages and it rages on to this day almost unabated. In Kenya, there are two statutes that regulate banking namely the Central Bank of Kenya [3] (hereinafter the “CBK Act”) the Banking Act [4](hereinafter the Act).
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