Shareholders or Directors who are Non-signatories of the Company’s Bank Account cannot seek access to Information on Account of Banker-customer Privilege, Court of Appeal Rules

Shareholders or Directors who are Non-signatories of the Company’s Bank Account cannot seek access to Information on Account of Banker-customer Privilege, Court of Appeal Rules

by ,  and  | Feb 28, 2025 | Legal update

INTRODUCTION  The Court of Appeal has today 28th February 2025 delivered a Judgment in Nic Bank Limited V Kennedy Odhiambo & 2 Others Civil Appeal No. 278 Of 2018, where the firm acted for the Appellant. This Judgment settles an important case since it sets out...
State Corporations are not insulated from Garnishee Proceedings, High Court rules as it allows Export Trading Co. Ltd to Garnishee Kshs.1.7billion held by 3 banks in favour of NCPB

State Corporations are not insulated from Garnishee Proceedings, High Court rules as it allows Export Trading Co. Ltd to Garnishee Kshs.1.7billion held by 3 banks in favour of NCPB

by  and  | Oct 15, 2024 | Legal update

INTRODUCTION The High Court has juridically pronounced itself that State Corporations are not insulated from garnishee proceedings. Justice Hon. P Mulwa while determining our client’s, Export Trading Company Limited, garnishee application, for the release...