Dutch brewer Heineken has moved to the Court of Appeal to challenge the inclusion of interest in a Sh1.47 billion compensation award to tycoon Ngugi Kiuna arising from the termination of a distributorship contract in 2016.
The beer maker argues that interest on the damages due to Mr Kiuna’s firm, Maxam Ltd, should not be factored into the final payout, claiming the extra Sh230 million payment was not part of the court proceedings and was only introduced after judgment.
