StanChart to pay former workers after Supreme Court loss

After losing a Supreme Court case, Standard Chartered Kenya Limited has commenced the process of paying approximately Sh7 billion to over 600 former employees due to a pension miscalculation. The bank has initiated structured engagements to execute the judgment, assuring clients of its adequate capitalization to meet these obligations.

Standard Chartered begins pension payouts after Supreme Court ruling

Court halts StanChart’s Sh7bn pension Payout over lawyer fees dispute

The High Court has halted the release of Sh7 billion in pension funds to 629 retirees of Standard Chartered Bank due to a dispute over legal fees. The injunction, issued by Justice Moses Ado, follows an application by lawyer Ruth Wanyonyi, who seeks to secure her firm's payment for representing the retirees.

Court consolidates StanChart pension cases, defers interest decision

The High Court has consolidated three appeals concerning payout to 629 former Standard Chartered Bank employees, deferring a decision on interest accumulation. This move follows a Supreme Court ruling that dismissed the bank's appeal and affirmed a directive to refund Sh1.1 billion.

StanChart invites 629 former staff to file pension claims

Standard Chartered Bank Kenya is inviting 629 former employees to file pension claims following a Supreme Court ruling that upheld a Sh7 billion pension dispute settlement. This decision brings closure to a four-year legal battle concerning underpaid benefits.

Non-629 ex-StanChart pensioners want benefits re-calculation applied on them

Former employees of Standard Chartered Kenya Pension Schemes, known as "non-629 pensioners," are demanding that a recent Supreme Court ruling, which awarded billions in underpaid benefits to a different group of ex-employees, also applies to their benefits recalculation.