14 Riverside owners question part of Banking Act in fight over asset

Author: Sam KiplagatPublished on: September 17, 2026Country: Kenya
Business & Economy
14 Riverside owners question part of Banking Act in fight over asset

The owners of Nairobi's 14 Riverside complex, Cape Holdings Limited, are seeking a High Court ruling on the constitutionality of a section of the Banking Act. They are challenging Section 44A (4) of the Banking Act, which excludes judgment debtors and court decrees from the protection of the _in duplum_ principle, allowing interest on court-awarded debts to exceed the principal amount.

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