wazua Tue, Apr 7, 2026
Welcome Guest Search | Active Topics | Log In

238 Pages«<229230231232233>»
KENOL/KOBIL
Options
Previous Topic · Next Topic
hisah
#2301 Posted : Wednesday, February 01, 2012 4:35:01 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
KPC spoiling for an ugly fight...

http://bit.ly/yF4La4
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
  |
VituVingiSana
#2302 Posted : Wednesday, February 01, 2012 1:19:17 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,362
Location: Nairobi
Not good news for KK... I hoped that KK would take over KPC... Of course, this matter will go on for another 1-2 years but eventually KK will win!

On the other hand, perhaps Ahmednasir might arbitrate this matter in a few weeks rather than a few months or years!

Commercial Court judges—Daniel Musinga and George Kimondo referred the dispute to the sole arbitrator Ahmednasir Abdullahi for reconsideration.

“We are satisfied that we should disturb the award for being so inordinately high as to represent an erroneous estimate,” said the judges in their ruling.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  | | Edit by user: Wednesday, February 01, 2012 1:22 PM | Reason: Not specified
selah
#2303 Posted : Wednesday, February 01, 2012 1:40:57 PM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
I dont get it so are we back to squire one? and the issue about the award being more than what the economy can absorb is the judge serious?...KK absorbed the said damage, that's why its claiming for what is rightfully theirs.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
Back to top
  |
Gordon Gekko
#2304 Posted : Wednesday, February 01, 2012 1:59:44 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
Merits of the case not in dispute, amount of award seems inordinately high according to the judges. KK will still get something, maybe less than what was proposed by Ahmednasir.
Back to top
  |
jerry
#2305 Posted : Wednesday, February 01, 2012 3:13:11 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
Gordon Gekko wrote:
Merits of the case not in dispute, amount of award seems inordinately high according to the judges. KK will still get something, maybe less than what was proposed by Ahmednasir.

@GG. The case is back to the same judge. @Vvs. Would it not have been better for the high court to use other means to determine compensation to KK instead of taking case back to same judge.
The opposite of courage is not cowardice, it's conformity.
Back to top
  |
Hunderwear
#2306 Posted : Thursday, February 02, 2012 10:02:58 AM
Rank: Member

Joined: 4/14/2011
Posts: 639
When do we expect the results?
Back to top
  |
Cde Monomotapa
#2307 Posted : Thursday, February 02, 2012 11:53:13 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Hunderwear wrote:
When do we expect the results?

Feb 28th..if I recall well.
Back to top
  |
Impunity
#2308 Posted : Thursday, February 02, 2012 1:21:57 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
Cde Monomotapa wrote:
Hunderwear wrote:
When do we expect the results?

Feb 28th..if I recall well.


This thing will eventually resolved out of court, watch my lips.
Drool
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
Back to top
  |
Aguytrying
#2309 Posted : Thursday, February 02, 2012 3:04:29 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Hunderwear wrote:
When do we expect the results?

In the q3 report it says results will be on or about 28th feb. Kplc bonus book closure also, come to think of it
The investor's chief problem - and even his worst enemy - is likely to be himself
Back to top
  |
VituVingiSana
#2310 Posted : Friday, February 03, 2012 4:50:09 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,362
Location: Nairobi
KK will be OK... At worst, it gets a lower amount but even if the original award is reduced... by the time the interest is added in... $$$$

What do the judges mean the economy can't absorb the award? That's nonsensical since the money would move from KPC to KK - both are local firms.

As for KPC, didn't it pay for the Triton scams? Where were the judges in telling the banks/financiers & OMCs that recovering the money from KPC/Triton was too much for the economy to bear????
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
238 Pages«<229230231232233>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.