The Commercial Division of the High Court of Uganda has dismissed a USD 400,000 shareholder loan recovery suit filed by businessman and lawyer Charles Odere, ruling that the matter must…
When mega-deals happen, the most visible winners are usually the shareholders who are selling. But in transactions of this scale, there is always a second, less visible layer of immediate…
Miriam Ekirapa Musaali, a distinguished corporate lawyer, governance expert, and Director of Legal and Board Affairs at the Capital Markets Authority (CMA) Uganda, has passed on. She has reportedly succumbed…
The past five years have not gone particularly well for Uganda’s billionaire class. Once the undisputed symbols of local enterprise and ambition, several of the country’s most prominent businessmen have…
The Court of Appeal has upheld a High Court decision ordering Imperial Royale Hotel, one of Kampala’s flagship luxury hotels, to refund government $1.46 million (about UGX 5.05 billion) and…
The Commercial Court’s Hon Justice Stephen Mubiru has dismissed an application by the Bank of Uganda to drop a case brought against it by 31 shareholders of the defunct Greenland Bank for wrongful and fraudulent closure and sale of the bank. “The application is incompetent in as far as it concerns matters of facts majorly that require evidence and investigation by this Court which cannot be dealt with as preliminary points of law. The suit is neither barred by limitation, res judicata nor is it frivolous and vexatious,” Justice Mubiru ruled. Bank of Uganda took over Greenland Bank on 1st…
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CEO East Africa Magazine recently came across four corporate and commercial lawyers, working in Kuwait. And they are not just lawyers, three of them are Partners, and the other is a Senior Associate, at ASAR – Al Ruwayeh and Partners, a leading tier-one Kuwaiti corporate law firm. ASAR is also one of the most prominent firms operating across the Gulf Cooperation Council (GCC) states and the Middle East. ASAR has been operating in the State of Kuwait since 1977, and in the Kingdom of Bahrain since 2006. The firm has consistently been ranked by IFLR1000 and Chambers & Partners as…
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Tax law firm, Birungyi, Barata & Associates (BBA) has announced that it has elevated four of its Associate Partners, to Partner level. The four are Dorothy Bishagenda, Martin Mbanza Kalemera, Belinda Lutaya Nakiganda and Patrick Kabagambe. In between them, the four new partners possess over 50 years of combined corporate and commercial law knowledge and practice covering key practice areas such as taxation, litigation, dispute resolution, debt collection, conveyancing, intellectual property, insolvency, banking, arbitration, construction, environmental law, as well as oil and gas, among others. “All of our new partners have enhanced the growth and reputation of the firm in…
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Rarely do law firms front standards and integrity as a core strength but for Bluebell Legal, standards and integrity form a vital fibre of the firm’s corporate purpose. “We work towards providing all our clients with a convenient and efficient legal service. We target midsize entities that appreciate the importance of having sound legal structures” explains Isaac Ssali Mugerwa, the firm’s Managing Partner. “With Bluebell Legal, you have more than a legal advisor. You have a business advisor, a confidant, and a counsellor. When your client’s life and/or business is practically in your hands, having strict standards in place…
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Family business owners have a keen interest in sustaining the business as a family asset and as a legacy, according to PwC’s 2020 East Africa Family Business Survey. Estate planning is an important component for family business owners and their families to consider since it speaks directly to how certain assets will be preserved, managed or distributed. As part of an overall succession plan, estate planning clarifies how these assets will be passed on to the next generation or otherwise distributed. For their East Africa Family Business Survey Report 2021, PwC, spoke to Sim Katende, an Advocate of the High…
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This week, we further shine a light on Greystone Advocates to understand who they are and what is it that makes them stand out from a myriad of upcoming law firms. Founded in 2013, Greystone Advocates describes itself as a “full-service corporate and commercial law firm.” The firm, according to its profile, boasts of professional staff, now, with a combined legal, judicial and practice experience of over 180 years. Over and above corporate and commercial law, the Bukoto-based firm also provides other services that include civil, estates, trusts and family, labour and employment, criminal defence, and alternative dispute resolution amongst…
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Hon. Justice Wilson Kwesiga who in 2021 retired as the Head of the High Court Criminal Division and Hon. Justice David Kutosi Wangutusi who also retired in the same year, as the Head of the Commercial Division of the High Court of Uganda have both joined Greystone Advocates as consultants. Retired Justice Kwesiga will head the firm’s Alternative Dispute Resolution (ADR), land, trusts, estates and family practice while Retired Justice Wangutusi will head the corporate and commercial arbitration practice. Greystone Advocates is a full-service corporate law firm based in Kampala. While the firm provides a wide range of services, it…
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Justice, Prof. Lillian Tibatemwa-Ekirikubinza, of the Supreme Court has today dismissed Bank of Uganda’s attempts to hold on to Crane Bank Limited and ordered that the company be returned to its shareholders following the lapse of the receivership on 20th January 2018 and the dismissal of Bank of Uganda’s case against the bank’s shareholders. Delivering her ruling today, 1st July 2022, Justice Prof. Tibatemwa-Ekirikubinza echoed the 11th of February 2022, Supreme Court ruling in which five Justices of the Supreme Court—Rubby Opio-Aweri, Faith Mwondha, Prof. Tibatemwa-Ekirikubinza, Ezekiel Muhanguzi And Percy Night Tuhaise affirmed that the receivership of Crane Bank had…
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The Court of Appeal has provided protective cover against the advertising or auctioning of assets belonging to Simba Telecom and Simba Properties Investments associated with businessman Patrick Bitature. In a ruling by Court of Appeal Judge Justice Christopher Gashirabake, Kampala Lawyers Robert Kirunda and Noah Shamah, along with Quick Way Auctioneers, have been stopped from attempting to sell the multimillion properties at the centre of a commercial dispute. Justice Gashirabake, in his ruling following an appeal application filed under a certificate of urgency, ruled that the six properties will remain protected pending the resolution of ongoing legal matters. “There is…
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As Uganda joined the rest of the world to commemorate the 2022 World Environment Day yesterday, Nile Breweries limited (NBL) has re-echoed its commitment to protect the environment. “We depend on healthy, natural environments and thriving communities to brew our beer and we are committed to improving our environment and communities so that our consumers can continue sharing experiences with us for the next 100+ years,” says Clare Asiimwe, Sustainability Manager Nile Breweries. World Environmental day is celebrated worldwide every year on 5th June. This year’s celebration is themed ‘Only One Earth’, with focus on living sustainably in harmony with…
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