[2018] KEELRC 1571 (KLR)

[2018] KEELRC 1571 (KLR)

The court held that it had jurisdiction to determine disputes relating to staff mortgage loans where the facility was extended as part of the employment relationship. The respondent failed to demonstrate that the adjustment of the interest rate from the staff rate to commercial rates was contractually or legally...

Source-derived case information.

Citation
[2018] KEELRC 1571 (KLR)
Parties
Applicant: Stephen Kivandi Kamula; Respondent: Barclays Bank of Kenya Limited
Court
Employment and Labour Relations Court
Court Station
Employment and Labour Relations Court at Nairobi
Jurisdiction
Kenya
Case Number
Cause 269 of 2016
Procedural Posture
Employment Cause / Interlocutory Application (injunction)
Outcome
Application partially allowed.
Judges
MSA Makhandia
Legal Topics
Preferential Staff Loans, Variation of Interest Rates, Injunctive Relief, Employer Employee Disputes
Source Language
en
Employment and Labour Banking and Finance Preferential Staff Loans Variation of Interest Rates Injunctive Relief Employer Employee Disputes

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Summary, issues, holding and outcome

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Parties

Stephen Kivandi Kamula

Applicant

Barclays Bank of Kenya Limited

Respondent

Procedural Posture

Employment Cause / Interlocutory Application (injunction)

  1. 1 Whether the Employment and Labour Relations Court has jurisdiction over disputes involving staff mortgage loans arising from the employment relationship.
  2. 2 Whether the respondent can lawfully vary the interest rate on the applicant's staff mortgage loan following termination of employment.
  3. 3 Whether the applicant is entitled to an injunction restraining the respondent from charging higher interest rates and disposing of the secured property pending determination of the main claim.

Ratio Decidendi

The court held that it had jurisdiction to determine disputes relating to staff mortgage loans where the facility was extended as part of the employment relationship. The respondent failed to demonstrate that the adjustment of the interest rate from the staff rate to commercial rates was contractually or legally justified. In the absence of clear contractual or statutory authority for the variation, and given the risk of prejudice to the applicant, the court found it appropriate to restrain the respondent from charging the higher interest rate pending full hearing. However, the court declined to grant orders relating to the secured property or a refund/set-off of overcharged interest at...

Court Disposition

Application partially allowed.

Orders

  • Pending hearing and determination of the claim, the respondent is restrained by injunction from charging interest on the mortgage loan facility at 10% plus a margin of 4% or any other rate except the allowed staff account charges and staff interest rate of 6%.
  • The cause to be determined within 180 days, failing which the orders lapse automatically.