RWAGASANA v BANKI YA KIGALI (BK LTD)
Both Rwagasana and Mukakimenyi are jointly liable for the outstanding principal and interest to BK Ltd as all relevant contracts were signed by both; the 19.25% interest rate after contract termination is valid due to applicant's acquiescence and contract terms; expert and legal fees are awarded at the court's discretion, not at the excessive rates claimed; judicial fee clauses are not abusive if not excessive or unsubstantiated.
Source excerpt
- Loan agreements
- Performance guarantee
- Joint liability of spouses
- Interest rates
- Abusive clauses
- Expert fees