Supreme Court throws out StanChart bid to stop retirees’ dues

NAIROBI, Kenya, Sept 5 — The Supreme Court of Kenya has dismissed an application by Standard Chartered Bank Kenya Limited seeking to halt a Court Kenya breaking news | Kenya news today |..
✨ Key Highlights
The Supreme Court of Kenya has dismissed an application by Standard Chartered Bank Kenya Limited (StanChart) attempting to halt a Court of Appeal (CoA) ruling. This ruling directed StanChart to pay millions of shillings in pension dues to former employees, marking a significant development in a long-standing dispute.
- The Supreme Court, led by Vice President and Chief Justice Philomena Mwilu, found it lacked jurisdiction under Article 163(4)(a) of the Constitution.
- The dispute originated when the Retirement Benefits Authority (RBA) dismissed retirees' claims, leading them to the Tribunal, which ruled in their favor.
- The CoA upheld the Tribunal's decision, emphasizing trustee duties in pension fund management and mandating the bank to compute and disburse the pension dues.
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