Banking & Finance

HHM Oraro Banking & Finance 3
  • Advised a consortium of 9 banks on restructuring of loans advanced to Kenya Airways PLC worth USD $ 231 million.
  • Kenyan counsel to Export-Import Bank of China on its USD181.9 million financing for the Nairobi Internal Container Depot Yard and Access Roads project.
  • In the landmark case, Intercom v. Standard Chartered Bank,our client Standard Chartered Bank, was sued for breach of fiduciary relationship, breach of bank-client customer relationship, breach of its duties as a banker and breach of contract. The Plaintiff was awarded the sum of KShs.609,000,000 plus interest and costs in the High Court. We successfully prosecuted an appeal on behalf of the client and secured the setting aside of the judgment.
  • Representing a large bank in defending a claim for recovery of funds electronically transferred from a customer’s bank account fraudulently.
  • Representing all banks in Kenya in their action against the Kenya Revenue Authority on the imposition of excise duty on bank changes. We successfully obtained an order stopping the Kenya Revenue Authority from collecting any money.