Gulf African Bank Limited v View Power Communications Limited & another
Gulf African Bank Limited v View Power Communications Limited & another (Civil Suit E050 of 2024) [2026] KEHC 12322 (KLR) (Commercial & Admiralty) (31 July 2026) (Judgment)
The Plaintiff proved that the 2nd Defendant executed a continuing guarantee securing the 1st Defendant’s facilities, and clause 2.01 preserved his liability notwithstanding any change in the borrower’s constitution or his cessation as director/shareholder. The sale agreement with the purchaser was res inter alios acta and could not discharge the guarantee without the Plaintiff’s consent. The Plaintiff’s cooperation in changing account signatories did not amount to waiver, variation or estoppel. The 2nd Defendant’s own evidence also undermined his exit-from-company defence. Judgment therefore…
Source excerpt
- Guarantee enforcement
- Principal debtor default
- Continuing security
- Privity of contract
- Estoppel
- Contractual interest