The High Court’s Commercial Division has ruled in favour of KCB Bank Uganda Limited in a high-stakes debt recovery case, ordering two former executives of Great Lakes Coffee Company Limited to pay over USD 1.1 million. Hon. Lady Justice Susan Odongo dismissed an application by Great Lakes Coffee Co. Ltd, Andreas Nicolaides, and Stamos Konstatinos seeking unconditional leave to defend a summary suit filed by the bank. The judge found that the applicants had failed to raise any bona fide triable issues, clearing the way for immediate judgment. Background of the Dispute KCB Bank sued the coffee company and its…
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