DTB Kenya

City businessman, Hamis Kiggundu's case versus DTB Uganda and DTB Kenya is now back to the High Court for retrial- something the businessman has protested against.

WHO IS FOOLING WHO? Is Hamis Kiggundu, a patriotic Ugandan or a dishonest borrower hiding behind the law?

As such, during the entire lifetime of a case- the accuser, also known as the plaintiff, dedicates huge amounts of effort, time and resources to prove their case, while the defendant or
City businessman, Hamis Kiggundu's case versus DTB Uganda and DTB Kenya is now back to the High Court for retrial- something the businessman has protested against.

Hamis Kiggundu secretly and unlawfully tried to transfer bank held properties to himself after controversial court ruling― Judge

Embattled city businessman, Hamis Kiggundu (commonly known as Ham) and his lawyers, tried to secretly and illegally have three properties at the centre of a commercial dispute with two banks re-transferred into
Businessman Hamis Kiggundu and his Ham Towers building that is at the centre of a commercial dispute with Diamond Trust Bank.

Pursued by 3 banks over UGX 72 bn in debt, how a desperate Hamis Kiggundu turned to courts to buy more time, but in the process cut the hands that fed him

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
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
City businessman, Hamis Kiggundu's case versus DTB Uganda and DTB Kenya is now back to the High Court for retrial- something the businessman has protested against.

DTB Kenya and DTB Uganda say they are “aggrieved and dissatisfied” with Hamis Kiggundu ruling, move swiftly to appeal the “unfair and unjust” High Court verdict

Diamond Trust Bank Uganda and Diamond Trust Bank Kenya, have in a joint statement said they are both “aggrieved and dissatisfied” with yesterday’s High Court ruling in which court ruled that city
October 8, 2020

 

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