Case law
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Division and case type: High Court Commercial and TaxCommercial Matters
…The facility carried interest at 4% above the shared interest rate, initially 7.75%, thereby yielding an effective rate of 11.5%.…
…SISL contends that under the agreement, interest on the export credit was to be charged at 3% above the shared interest prime rate of 6.50%, amounting to 9.50%, while the stock facility was to attract interest at 10.50%.…
Division and case type: High Court CivilCivil Suit
…The claims of the public interest will be a relevant factor, in the exercise of such discretion, as will also be the motivations and conduct of the parties, before, during, and subsequent to the actual process of litigation…
…the exercise of those powers: Provided that the costs of any action, cause or other matter or issue shall follow the event unless the court or judge shall for good reason otherwise order. (2) The court or judge may give interest…
Division and case type: CivilCivil Case
…This sum, plus the interest at the bank’s provised rate of 20% per annum is to be paid out to the plaintiff.…
…Kshs.200,000/= (b) loss of interest on rents ………………….Kshs. 30,000/= (c) loss of time on re-negotiation of the loan facility ……………………………Kshs. 35,000/= (d) loss of interest on the depositof Kshs.575,000/= and on legal fees…
Division and case type: CivilCivil Case
…This sum, plus the interest at the bank’s provised rate of 20% per annum is to be paid out to the plaintiff.…
…Kshs.200,000/= (b) loss of interest on rents ………………….Kshs. 30,000/= (c) loss of time on re-negotiation of the loan facility ……………………………Kshs. 35,000/= (d) loss of interest on the depositof Kshs.575,000/= and on legal fees…
Division and case type: CivilCivil Case
…“By consent interest on the sum of Kshs. 65,000 shall be 27% from the date the loan was obtained......”…
…There is no indication in the material before me to guide the court n whether or not the said interest was compounded yearly.…
Division and case type: CivilCivil Suit
…The plaintiff has filed this application for a summary judgment against the defendant in respect of the plaintiff’s claim in the plaint for Kshs 1,795,595.85 together with interest thereon at 19% and costs.…
…The rest of the claim is mainly for interest. Secondly, under section 30 of the Act, every party whose signature appears on a bill is prima facie deemed to have become a party thereto for value.…
Division and case type: Milimani Commercial CourtsMiscellaneous Application
…The important thing is that the interest is part of the Plaintiff's claim as instructed to its advocates, and the value of interest is determinable.…
…the interest would be applied.…
Division and case type: CivilCivil Appeal
…REPUBLIC OF KENYA IN THE HIGH COURT AT NAIROBI MILIMANI LAW COURTS Civil Case 6153 of 1992 Locus standi – rate payers – whether a rate payer has sufficient interest to challenge in court the action of a public body whose…
…I think that it is now well settled that a ratepayer as opposed to a tax payer, has sufficient interest as such, to challenge in court the action of a public body to whose expenses he contributes.…
Division and case type: CivilCivil Appeal
…He also prayed for damages for loss of use of the car from 23rd February, 1994 and costs of the suit plus interest.…
…I entertain no doubts that the parties who have shown a keen interest in the disposal of the matter shall intimate to the deputy registrar of this Court where they next want to be heard.…
Division and case type: High Court CivilJudicial Review
…Entitlement to interest is to be read into the silences in decisions which do not award post-judgement interest.…
…Interest at 6% per annum is statutory. 22.…
Division and case type: High Court CivilCivil Suit
…The principles governing the award of interest are now well settled.…
…suit is only claimable where under an agreement there is stipulation for the rate of interest (contractual rate of interest) or where there is no stipulation, but interest is allowed by mercantile usage (which must be pleaded…
Division and case type: High Court Commercial and TaxCommercial Income Tax Appeal
…rate of interest.…
…Penalty interest as worded by Salaam Microfinance bank is therefore part of other hidden charges and not interest.…
Division and case type: High Court Commercial and TaxCommercial Matters
…The ruling did not expressly address the question of interest. 3.…
…The Court affirmed the High Court’s finding that Section 26(2) applied and that interest was payable notwithstanding the absence of an express order on interest in the judgment. 8.…
Division and case type: High Court Commercial and TaxCommercial Income Tax Appeal
…in respect of- (c) interest and deemed interest 24.…
…of “Deemed Interest”.…
Division and case type: High Court Commercial and TaxCommercial Appeal
…with interest accruing at the prevailing interest rates from the date of the judgment until payment in full. 7.…
…remaining issue of interest. 21.…
Division and case type: High Court Judicial ReviewJudicial Review
…plus interest accrued within the statutory period.…
…It provides that “no arrears of interest in respect of a judgment debt may be recovered after the expiration of six years from the date on which the interest became due.”…
Division and case type: High Court CivilCivil Case Miscellaneous
…The client, then, specifically litigated the interest in the taxation proceedings – and was awarded the interest by the Taxing Master.…
…If the advocate demands interest at that late stage, he will likely suffer two potential perils: the court can only award interest at earliest from the date of lodging the Bill of Costs; and the interest is at the discretion…
Division and case type: High Court CivilCivil Case Miscellaneous
…The client, then, specifically litigated the interest in the taxation proceedings – and was awarded the interest by the Taxing Master.…
…If the advocate demands interest at that late stage, he will likely suffer two potential perils: the court can only award interest at earliest from the date of lodging the Bill of Costs; and the interest is at the discretion…
Division and case type: High Court Judicial ReviewJudicial Review Miscellaneous
…Menengai Downs Limited [2015] eKLR, persuasively: “I will start with interest. There seems to be a misconception by legal practitioners on the award of interest on taxed costs.…
…include a demand for interest at 14% in the bill, and Wait for 30 days to lapse after service before interest begins to accrue.…
Division and case type: High Court Civil Appellate DivisionCivil Appeal
…The court also awarded costs of the suit and interest on the decretal sum from the date of the judgment. 2.…
…+ any interest before filing of suit + interest from the date of filing to the date of judgment) until payment in full or such other shorter period as the court may direct. 24.…