| Updated Wed, May 10th 2017 at 08:19 GMT +3Man forced to share ‘gift’ with estranged wifeThe Court of Appeal has ruled that everything that is acquired during a marriage, including company shares, is considered matrimonial property. The ruling stemmed from a case in which a director of Kalzmat Security Print Ltd was fighting his wife in a bid to retain a “gift”. Peter Wanyama protested a decision by the High Court to give his wife Judith Wafula Chebukati half of the Kalzmat shares, which he claimed were a gift. Mr Wanyama claimed he was asked by friends to join the company as a director and was given 40 per cent shares. “I was invited to the company as a director but did not make any financial contributions,” he testified.

Source: Standard Digital May 10, 2017 05:15 UTC