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Kenya Supreme Court Decision May Spark Bank Lawsuits

Kenya’s Supreme Court has ruled that banks and financial institutions must get approval from the Treasury before altering interest rates, a decision likely to expose them to litigation as customers reassess existing loan agreements. More than 39 commercial banks, including Standard Chartered, Diamond Trust and Co-op, operate in Kenya with…

Litigator of the Week Runners-Up and Shout-Outs

A team at Steptoe secured a $ 171.6 million judgment for client Eddystone Rail Company LLC against propane company Ferrellgas Partners and certain of its affiliates. After a 19-day bench trial handled in spurts dating back to September 2022, U.S. District Judge Joshua Wolson in Philadelphia found in a decision…