The Commercial Division of the High Court of Uganda has ruled that Standard Chartered Bank must compensate a former employee and his wife after wrongfully recalling an approved mortgage facility. In a detailed judgment delivered by Hon. Lady Justice Patricia Mutesi, court found that the bank’s actions amounted to breach of contract, professional negligence, and violation of financial consumer protection laws. The court awarded the plaintiffs, Peter Victor Kwagala and his wife Priscilla Mbabazi, UGX 9.01 million in special damages for costs incurred, UGX 50 million in general damages for distress suffered, and imposed interest penalties on the bank. However,…
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