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National Oil wins reprieve on suspended Sh23m contract breach award
Jan 06, 2025•over 1 year ago
Contract Type
contract
KenyaOil And Gas
Description
The National Oil Corporation of Kenya (Nock) won a reprieve after the Court of Appeal suspended a lower Court's decision that ordered it to pay Great White Investment Ltd. Sh22.7 million as special and general damages for breach of contract. The Appellate Judges ruled that Nock had satisfied the threshold and requirements for the grant of orders to suspend execution of the judgement and decree.
Company Information
Company
National Oil Corporation of Kenya (Nock)
Location
Kenya
About
The National Oil Corporation of Kenya (Nock) is a government-owned oil marketer in Kenya.
Predictive Intelligence
Strategic
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