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Hamis Vs DTB- Page 2

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
October 14, 2020
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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
October 14, 2020
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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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