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Believe in the process, refine your methods, and let every task bring you closer to your best self. -Unknown #MondayMotivation

As cross-border family dynamics increase, how does Kenyan law ensure a parent living abroad still fulfills child support obligations? The Children Act holds parents accountable for their children’s welfare, regardless of location. But what legal tools are in place to enforce this? From the Reciprocal Enforcement of Maintenance Orders (REMO) to international conventions, Kenya has clear mechanisms for cross-border enforcement. How can parents effectively navigate these laws? Legal representation and cooperation with foreign authorities are key. Read full article below. #ChildSupport #ParentalResponsibility #KenyanLaw #CrossBorderLaw #FamilyLawKenya

"A bird will always use another bird's feathers to feather its own nest." — Ghanaian Proverb — #MondayMotivation

The bravery of our heroes is a beacon of hope, inspiring us to strive for a better Kenya with unity and purpose. #HappyMashujaaDay2024 #MashujaaDay

The recent Central Bank of Kenya (CBK) decision to cut the benchmark interest rate by 75 basis points represents a critical moment for Kenya's economic policy. But what does this mean legally for businesses and borrowers? From a corporate law perspective, how will existing loan contracts be affected? With fluctuating interest rates, will borrowers seek renegotiations? This raises the legal question of whether financial institutions are obligated to lower rates on existing loans or whether this only applies to new contracts. Is there a clear mechanism for debt restructuring under such economic policies? While the CBK's move aims to stimulate borrowing, will small and medium-sized enterprises (SMEs) truly benefit without legal frameworks in place to facilitate more accessible credit terms? The existing Banking Act, for instance, could be revised to ensure financial institutions pass on the benefits of lower interest rates to consumers, protecting them from being trapped in high-interest loans amid changing economic conditions. Additionally, legal reforms could focus on promoting transparency in how banks adjust loan agreements in response to interest rate cuts. Could this involve mandating that lenders clearly outline the impacts of such rate changes on long-term repayment schedules? As economic fluctuations persist, perhaps a flexible legal framework around interest rate adjustments, rather than rigid contractual obligations, could better serve the financial ecosystem.

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