I too think it is BS.

KK should have challenged Caltex on the sale of the shares to Total since it owned 1/3 of the joint facility but that is too late. As Segman says, the facility is owned by a subsidiary, Kobil Petroleum, not KK. Also KK is NOT selling off Kobil but KK's shares are being acquired.

That's the same point the employees 'missed' but some of these judges/magistrates are half-baked in business matters. KK remains an independent entity. The shares are being acquired the firm in business remains KK including all liabilities & contracts!

KPC is just trying to be a pain & needs to be smacked by KK into bankruptcy by going after the award KK won.

Total is screwed. They are losing money. They are now #2 to KK in Kenya. This is just a game they are playing & being a thorn in the side of KK.

Why do i feel the end result will dissapoint?

[quote=Jamani]
KenolKobil has lost yet another legal battle after a Nairobi judge declined to suspend an interim injunction obtained by a sacked worker stopping the firm’s takeover by Swiss-based Puma Energy.

Industrial Court judge Njagi Marete threw out an application filed by the listed oil marketer seeking lift the orders granted to Joseph Kamau Thuo and said the acquisition would remain suspended until the dispute is heard and concluded.
http://www.businessdaily.../-/cwo81ez/-/index.html[/quote]
Employees win the battle but, they will never win the war?

There is no court in the world that will force an employer to employ an employee, none, zero. Employees must realise that no employer has a duty to maintain them and their families until retirement, as they drive nice cars and eat in fancy restaurants.

Stop living from paycheck to paycheck and rushing to the ATM to check "kama tumelipwa" from 25th to 30th. KK ina wenyewe na itauzwa wapende wasiipende!

Any lawyers here?

1) What is the status of the KPC-KK arbitration hearing? I could not find any dates as to when this was to happen. Is the arbitration on?

2) When is the employee/s case going to be heard?

3) Has Total taken KK to court? If yes, what are the dates?

4) When is KPC's hearing to stop the Puma takeover?

I tried kenyalaw.org but I did not have much success or I do not know how to search it for the info. Please help!

A luta continua, vitória é certa

This transaction is beginning to stink! courtesy of CMA impotency. CMA should have taken charge and prevailed upon government and it's organs to ensure efficiency in progressing this transaction. The commercial and industrial courts will require to be disbanded or restaffed sooner or latter. I believe our current hon. judges in these courts 'wako down' Ki business. You can't sue to stop a transaction since you have been terminated, it's not even a case worth entertaining in court especially if there is a contract. This is a matter to be handled by attornies. Does Joseph expect a wild compensation really? For all we care, KK can keep his case in the same court for years until the poor guy can no longer afford lawyers!

Business matters be they KK or others require quicker dispensation otherwise stalling matters has a massive cost implication and after some point the judgements issued may be useless. For instance the many KK matters in court are being handled very carelessly by the courts. One doesn't have to be a judge or a legal scholar to see this. The handling of the transaction across all government levels has been a very bad advertisement of the capital markets in Kenya and the business attractiveness of Kenya. It's clear if it's not a bank takeover don't bother doing a takeover in Kenya. Either way if Puma opts out because of the too many hurdles, it's the country's loss. Some of the cases are frivolous and in ordinary times would not fly, however since people can smell money, well lets clutch at whatever straws!! I shudder to think what will happen when the firming out of successful oil blocks comes around what will happen, and here the stakes will be very big. You can expect Turkana county will be in court forever demanding a bigger piece of the pie, KRA will probably be there as well. The sooner our commercial and industrial courts get their act together the better....

One man this morning has been conned at 16.50

Unlikely to go below 14 bob I think.....I would be buying now great people. Last opportunity...

The great depression..if no statement is coming this week then 12bob prints next week...and the courts are making sure the management doesnt discuss the issue by delaying ruling on an urgent business matter