I know most of you will rap me for saying this.
KK has no point in law and surely that award by Ahmed Nassir will be overturned by the courts. The fact that KK has a shippers agreement with KPC does not guarantee it exclusivity in so far a product storage is concerned. Had that award been made by a competent judge may be we would be talking.

@berbatov; welcome to the powerhouse of knowledge. I suggest you join the fantastic fuNtaSEy market right away. @milken. How did they end up with Ahmed as an arbitrator? Did the court not uphold the decision arrived at in the arbitration process?

My 5bob purchase order incase this money flops.

Let the assets be sold, I am a tax payer but perhaps we don't need some of these parastatals. It is just about time KPC learnt a lesson or two about respect for the law - just makes me wonder could KCB and other Triton finaciers have recovered their funds by attaching KPC assets?

KPC is 'TOO BIG' to go under! I think as long as it remains a parastatal it will continue to be mismanaged and the guts to label the demands of KK as wishful thinking.

Privatisation either via the NSE or strategic partner should bring in some professionalism.

keep dreaming.

Amen! Look at the scams at NCPB or other parastatals... Makes 4.6bn look like petty cash!

I dont understand why this is the most discussed share on Wazua.Strange.

1. This is guy who has been MD and chair for over five years and who wields more power than the entire board. Have you seen anything like a board committee in their annual reports? Is it a coincidence that only KK has managed to fight with MOE, KPRL, KPC at the same time? I have dealt with him a number of times and can vouch for his thuggish character.

2. You are the one who has no clue here. While it is true that KPC overallocated ullage to Triton, the shippers agreement does not guarantee anybody ullage hence KK cannot say that they were denied ullage. (It is common practise all over the world that utilities can not be sued for inciderntal losses occassioned by their inability to supply the service).

3. The other marketers did not chicken out but they listned to their lawyers who looked at the agreement and told them that they did not have a point. JIS ignored that Refer to number 1.

4. Again you demonstrate some ignorance of the matter here. KPC lodged an appeal of the arbitrators award but KK contended that before the appeal is heard, KPC should deposit the award in an escow a/c. The court oblidged as this is the common practice so that one does not have to go to the court again to have the other bugger compelled to pay if he loses. Deposit the award is done on a without prejudice basis and will ot influence the outcome of the court ruling.

@bird_man. It is about one man's determination to end the culture of impunity in GoK corridors with huge implications on business with outside world. If Kenya can't obey simple rules of contract then how will it do business with investor/financiers/partners. It is about confidence in rule of law.