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Originally published by Nation Business
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business
October 19, 2024
11mo ago

Heineken loses bid to stop Sh1.7bn award to tycoon

Heineken loses bid to stop Sh1.7bn award to tycoon

Supreme Court strikes out application to set aside award to businessman Kiuna...

✨ Key Highlights

The Supreme Court of Kenya has dismissed an application by Heineken seeking to suspend a judgment awarding businessman Ngugi Kiuna over Sh1.7 billion following the termination of a distributorship agreement.

  • Sh1.7 billion awarded to Ngugi Kiuna for contract termination
  • Heineken and Maxam Limited, owned by Ngugi Kiuna
  • The court highlighted that the dispute was not based on constitutional matters but on contract validity

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