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Groundbreaking Imperial bank judgment recognizes stakeholders’ rights in a receivership

The recent judgment of Justice Odunga in Republic v. Central Bank of Kenya & Another Ex Parte Imaran Limited & 5 Others (Misc. Civil App. No. 43/2016) in respect of Imperial Bank Limited (in receivership) (IBL) has provided the legal sector with some significant legal principles on how a bank receivership should be managed.

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