The Supreme Court Holds that Banks and Financial Institutions are required to seek approval from the Cabinet Secretary responsible for Finance before increasing Interest Rates

The Supreme Court Holds that Banks and Financial Institutions are required to seek approval from the Cabinet Secretary responsible for Finance before increasing Interest Rates

by Allen Waiyaki Gichuhi C.Arb SC and Frankline Otieno | Jun 28, 2024 | Legal update

Loading... Taking too long? Reload document | Open in new tab Download BACKGROUND  The Supreme Court has this morning delivered a decision in Stanbic  Bank Kenya Limited v Santowels Limited Supreme Court Petition No. E005 of 2023 on the question on the interest rates...
A Commentary on Anne J. Mugure & 2 others Vs. Helb Case, Petition No. E002 of 2021 – The High Court of Kenya extends the applicability of the in duplum Rule to all lenders

A Commentary on Anne J. Mugure & 2 others Vs. Helb Case, Petition No. E002 of 2021 – The High Court of Kenya extends the applicability of the in duplum Rule to all lenders

by Allen Waiyaki Gichuhi C.Arb SC, Caxstone Kigata and Frankline Otieno | Aug 24, 2022 | Legal update

Loading... Taking too long? Reload document | Open in new tab “From the foregoing, the Court of Appeal was alive to the fact that the rule was concerned with public interest. In my view, the rule was introduced in our Laws to tame the appetite of Lenders who had made...