Commercial Court Uganda

Phillip Karugaba (left) and Patrick Turinawe (right), both Executives at ENSafrica, are calling for a fundamental rethink of how banking disputes are resolved in Uganda, warning that prolonged litigation is locking up capital and driving up the cost of credit.

OPINION: 623 Cases, UGX 2 Trillion at Stake: Why Uganda Must Rethink How Banking Disputes Are Resolved

Uganda’s Commercial Court Division carries a burden that no amount of judicial efficiency can resolve alone. Currently, 623 cases involving banks are pending before the court, with the aggregate value in dispute
Bank of Uganda Governor Emmanuel Tumusiime says financial institutions are free to decided on credit relief for their customers. Courtesy photo

Foreign banks do not require central bank authorisation to lend to Ugandan entities; Bank of Uganda clarifies on controversial court ruling

Professor Emmanuel Tumusiime Mutebile, the Governor, Bank of Uganda has unequivocally said that foreign financial institutions that do not use locally-raised deposits to lend to Ugandan entities do not require the authorisation
LEFT-RIGHT: ENSAfrica Uganda's lawyers, Phillip Karugaba , Rachel Musoke , Rehema Nakirya Ssemyalo have said that court erred in law in the controversial Hamis vs DTB ruling

HAM vs DTB: Does a foreign lender to a Ugandan business require a licence? Expert lawyers point out the four errors made by court

By Phillip Karugaba , Rachel Musoke , Rehema Nakirya Ssemyalo and Anita Kenyangi The recent controversial decision in Ham Enterprises v Diamond Trust Bank (U) and Diamond Trust Bank (K) Ltd has shaken up Uganda’s banking and finance sector, with many

 

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