gaziantep escort,escort bayan,beylikdüzü escort,
alanya escort,gaziantep escort
In yet another legal gimmick, largely perceived to be a delay tactic, to buy him time, against the inevitable, businessman Hamis Kiggundu (Ham) has applied to the Constitutional Court, seeking to overturn, a 6th June 2023 Supreme Court ruling that foiled the businessman’s attempts to avoid repaying billions that he borrowed from Diamond Trust Bank (U) Ltd (DTB-U) and Diamond Trust Bank (K) Ltd (DTB-K). In a 07th of July 2023 application to the Constitutional Court, Ham, together with his two companies, Ham Enterprises Ltd and Kiggs International (U) Ltd, have dragged the two banks and the Attorney General to…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Uganda’s Supreme Court, Uganda’s highest court has dismissed attempts by businessman Hamis Kiggundu to run away from his debt obligations with Diamond Trust Bank Uganda (DTB-U) and Diamond Trust Bank Kenya (DTB-K), using the cover that the syndicated lending to him was done without a license and therefore an illegality and a nullity. Dismissing the application by Hamis Kiggundu and his companies, Ham Enterprises Ltd and Kiggs International Ltd), the Coram of 5 judges⏤Owiny-Dollo CJ; Mwondha JSC; Tuhaise JSC; Chibita JSC; Musota JSC)⏤ in a lead judgment by the Chief Justice, the Hon. Owiny-Dollo further re-emphasised no law forbids the…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
The Court of Appeal will tomorrow (Wednesday) deliver its decision over a case in which DTB Limited is challenging last year’s High Court orders that outlawed the loan advanced to businessman Hamis Kiggundu through his Ham Enterprises. Court of Appeal judges led by Deputy Chief Justice Richard Buteera will deliver its judgement in the ongoing session. After hearing the case early this year, the judges said that they will deliver their decision notice. Other judges are Kenneth Kakuru and Christopher Madrama. DTB Uganda and DTB Kenya went to the Court of Appeal against Ham Enterprises, Kiggs International Limited and Mr Kiggundu following an October 12…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
The Hamis Kiggundu vs. Diamond Trust Bank (DTB) case took almost everyone by surprise. Everybody who knows the maverick businessman, the proprietor of Ham Enterprises and Kiggs International, knows that he and DTB have had a long cordial and reciprocal working relationship. It is a public secret that DTB has been at the centre of the businessman’s growth. In fact the bank was also a tenant at most of the businessman’s buildings as well. So mutual, that even when the businessman in October 2017, needed a USD10 million facility, and DTB Uganda could only lend him a maximum of USD5.5…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
By Joseph O. Okuja There’s a lot of discussion around the merits and implications of the judgement in the HAM vs DTB case. I have had the benefit of reading the judgement but I must confess I failed to appreciate the full facts and sequence of events in order to offer any meaningful opinion. One would need to review the original suit and the prior arguments made (That’s for another day). However, I have taken time to read the relevant provisions of the law touching on the business of financial Institutions and analysed it against the decision on DTB’s ‘syndicated…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Mastercard has launched Fintech Express in the Middle East and Africa (MEA), a program designed to facilitate emerging fintechs’ launch and expansion. Leveraging the power of partnerships and Mastercard’s expertise, technology, and global network, startups will now be able to focus on innovation that drives the digital economy. Mastercard Fintech Express is designed for all types of fintechs: established fintechs wanting a direct license from Mastercard, as well as fintechs with the ambition to innovate through collaborating with ready-to-go Mastercard Engage partners. As such, the program is split into three core modules: Access, Build, Connect. Access: Enabling regulated entities to obtain a…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
beylikdüzü escort
beylikdüzü escort
