Notable cases in Commercial Court
Uganda, Feb. 15 -- Records at the court as of July 1, 2023, which this publication has seen, reveal that cases involving corporate disputes account for the lion's share of the monies in dispute, reflected at more than Shs44 trillion, followed by banking at Shs10.5 trillion.
Ham-bank dispute
The protracted dispute between Ham Enterprises and Diamond Trust Bank Uganda and Kenya, climaxed in 2020, when the Commercial Court held that it was illegal for a foreign bank to lend money to a Ugandan borrower without a licence from the Central Bank.
Further in its decision, the court presided over by Justice Henry Peter Adonyo held in October 2020 that the loan agreement between a foreign bank and a Ugandan borrower was unenforceable.
This was a...
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