The dispute stems from the termination of a distributorship agreement in January 2016, for which the courts found Heineken liable to compensate Maxam.
By
Sam Kiplagat
Court Reporter
Nation Media Group
Dutch brewer Heineken has secured a Sh250 million guarantee from Equity Bank, enabling it to suspend the payment of disputed interest on a Sh1.47 billion compensation award to businessman Ngugi Kiuna’s Maxam Limited in a long-running distributorship fallout.
The Dutch brewer lost the initial dispute after the courts held that it was liable to compensate Maxam for terminating the…
Heineken has provided a Sh250 million bank guarantee in favour of distributor Maxam Limited in a row over Sh1.7 billion award for…
The Court of Appeal has ordered Heineken to deposit Sh250 million as security in a dispute with Maxam Ltd over a Sh1.7 billion…
The dispute stems from a bill of costs filed by a law firm seeking Sh189m for legal services.
The brewer said a series of proceedings filed in different High Court stations had created a risk of conflicting decisions by…
The ruling came weeks after a Nairobi beer distributor, Bia Tosha Distributors Limited, lost twin bids to stop the transaction…
