Modern Developments In Capital Markets And Securities Laws In Kenya: Is The Law Up To The Task?

Subscribe to access this work and thousands more

We live in a time marked by unusually rapid modern developments in commerciai Iransacriuu,. This is evidenced by the arrival of sophisticated telecommunications and computer technology, and the globalization of business especially in the area of capital markets and securities. In the global world where e- commerce has become prevalent and tremendous achievements have been made in areas of information technology, communications and the like, there is obvious need to adopt new reforms so as to cater for these innovations. Legal practice is a crucial component in the wider theme of globalization. The development of the process of law is therefore a key ingredient towards the realization of positive impact of these modem developments. Globalization of commerce has seen the development of transnational legal principles that are universally accepted and have deposed national law as the preferred choice of law governing commercial transaction. The legal demands of a globalised economy have led to a flurry of law reform activities especially in developing countries that seek to be integrated in the global financial and stock market.

Subscribe to access this work and thousands more