Law360, London (March 7, 2019, 7:05 PM GMT) -- A high-end Kenyan restaurant has accused an African development bank of saddling it with loans for a development and then ditching the project, sticking the eatery with debt that was meant to be paid by revenue from the finished project, according to new documents filed with a London court.
Nairobi-based Dari Ltd. has said East African Development Bank lent it $9.19 million for the acquisition of a property in 2015, only to hold back financing meant to develop the land into an income-generating facility.
Dari launched another line of defense, hitting back at claims it owes the bank $13.6 million for allegedly...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!
Kirkland & Ellis LLP has redefined what it means to be the biggest of BigLaw — weighing in at 2,116 attorneys by year end 2018 and becoming the first firm since Law360 began tracking law firm head counts to top 2,000 U.S.-based attorneys.