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 Caxstone Kigata, Frankline Otieno and Denis Mutugi | 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 the...
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 [340.41 KB] 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...