Tag: Kenyan corporate dispute

Directline Assurance dispute: Court extends ban on DCI searches after SK Macharia storms Nairobi office

Kenya's High Court has prolonged a restriction that stops the Directorate of Criminal Investigations from searching premises linked to the heated shareholder fight between SK Macharia and Directline Assurance. The order follows Macharia's dramatic takeover attempt at the insurer's Nairobi headquarters, where he dismissed senior staff despite earlier injunctions. Regulators assure policyholders that coverage remains intact, while the insurer reports billions in claim payouts. The legal battle now intertwines courtroom orders, police involvement and public statements, underscoring the volatility of corporate governance fights in Kenya.