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 be resolved through arbitration in accordance with binding contractual agreements. The decision, delivered on December 24, 2025, by Acting Lady Justice Susan Odongo, concerned Civil Suit No. 963 of 2025, in which Odere sued Stanlib Arena Holdco and Chestnut Uganda Limited seeking recovery of a shareholder loan of USD 400,000, together with contractual and default interest, arising from the Arena Mall Project. Justice Odongo held that the High Court lacked…
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