The High Court has declined to review an award of Sh1.6 billion given to a buyer about a decade ago following a botched deal for acquisition of some apartments at 14 Riverside property complex in Nairobi.
The amount awarded to Synergy Industrial Credit has since ballooned to Sh5.5 billion and the property developer Cape Holdings wanted the High Court to review the award and interest that was given by an arbitrator in 2015 after the botched deal.
