The judges found that the restructuring could not, by itself, discharge the guarantor because the agreements expressly authorised such changes.
By
Joseph Wangui
Correspondent
Nation Media Group
The Court of Appeal has restored authority to banks to enforce guarantees after restructuring defaulted loans, ruling that guarantors remain bound where they expressly agreed that lenders could vary or reorganise credit facilities without seeking fresh consent.
The court upheld a deed of guarantee signed on November 12, 2012 between the Youth Enterprise Development Fund Board and Indo…
In the judgment, the court held that the renewal of a CEO’s contract in a State corporation is not solely a board decision but is…
A consortium of international senior lenders is set to return to court on June 22, 2026, in a decisive move to challenge what…
Mr Nyanja wants the land's auction annulled and the ownership reverted to him, although the Court of Appeal recently ruled that…
The High Court rejected claims of excessive interest charges and undervaluation of assets, clearing the way for Equity Bank to…
Creditors seeking duplicate recoveries from group companies after a resolution plan is finalized will be disappointed, the NCLT…
