The Standard Group Plc is a
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Standard Group is recognized as a leading multi-media house in Kenya with a key
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Prof Githu in his counter argument has raised questions about the firm’s country of origin, telling the court that it presented itself as a Canadian company before changing to American. He also argues that ICSID does not have powers to hear the case.PHOTO:STANDARD
The Government is embroiled in a $600 million (Sh62.1 billion) court battle with a US-based firm for cancelling its geothermal exploration and development licence at Suswa geothermal fields.
WalAm Energy Inc has taken Kenya to the International Centre for Settlement of Investment Disputes (ICSID) in London for breach of contract over the 30-year lucrative deal.
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