The High Court in Kampala has temporarily stopped the Uganda Music Promoters Savings and Credit Cooperative Society Limited (SACCO) from operating, following a dispute over alleged fraud, illegal takeover, and misuse of billions of Shillings in government funds.In an interim order issued o
Kampala, Uganda | URN | Justice Geoffrey Kiryabwire of the Court of Appeal and Constitutional Court has urged internal auditors to play a more proactive role in reducing the growing backlog of court cases, warning that unresolved commercial disputes in y in the banking sector are tying up trillio
What began as a claim over a USD 400,000 shareholder loan has evolved into a complex legal battle that cuts across project finance, shareholder rights, and cross-border dispute resolution.At its core, the case now pits Charles Odere, the subordinated lender seeking repayment, against a con
A dispute that began nearly two decades ago over the construction of Course View Towers in Kampala has finally been settled, with Kampala Associated Advocates (KAA) emerging victorious for Seyani Brothers against Nangwala, Rezida & Co. Advocates, which represented Course View Limited.J
At the heart of Uganda’s Commercial Court sits a quiet crisis with far-reaching economic consequences: 623 unresolved banking cases locking up an estimated UGX 2 trillion in disputed value. For banks, this means capital tied down in provisioning and delayed recovery; for borrowers, businesses f
Bemuga Forwarders has been given 14 days to defend itself in a case in which its former managing director, Ronald Kanyerezi, entered a Shs 1.7 billion deal with a global logistics firm without the knowledge of its shareholders.Justice Patricia Kahigi Asiimwe said the case raises serious is
President Yoweri Museveni has urged judicial officers to prioritise Alternative Dispute Resolution (ADR) mechanisms as a way of addressing Uganda’s long-standing case backlog. Museveni said judges must actively manage cases and guide litigants towards appropriate resolution mechanisms, noting t
KAMPALA | Umeme Limited has warned shareholders and investors to expect another year of financial losses, marking the second consecutive year the company will close its books in the red, following the termination of its electricity distribution concession in Uganda.In a public notice issue
Public Investment Corporation chair says investments ‘not entirely prudent’PIC chair David Masondo. Picture: FREDDY MAVUNDA/BUSINESS DAYThe high level of impairments in the Public Investment Corporation’s (PIC) unlisted investment portfolio was overwhelmingly due to legacy inv
“The mere act of lending money without a physical address in Uganda does not create an obligation for the appellant as a foreign lender to register. The appellant has a right to implement the terms of the agreement in Uganda, including instituting proceedings
