Legal Dispute
Oil firm challenges property sale in high court
Mahadi Energy Limited has sued in the High Court to stop Premier Bank from selling its properties in Nairobi and Mombasa over a claimed loan of Sh631 million. The firm says the loan was issued under Islamic Sharia laws and it has paid over Sh530 million, but the bank has not recorded the payments. This has left them without storage for their containers.
Real Madrid to seek substantial damages from UEFA after court ruling
Real Madrid announced plans to claim substantial damages from UEFA following a Spanish court ruling that upheld a decision against the governing body's actions on the Super League. The Provincial Court of Madrid dismissed appeals by UEFA, the RFEF, and La Liga, confirming anti-competitive behavior in banning the breakaway league. This comes after a 2023 European Court of Justice decision deeming such bans unlawful.