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Banking And Finance [2024] UGHC 167

Centenary Rural Development Bank Limited v Bagambe

Centenary Rural Development Bank Limited v Bagambe (Civil Appeal 60 of 2022) [2024] UGHC 167 (15 March 2024)

Court
High Court of Uganda
Case number
Civil Appeal 60 of 2022
Judge
Joyce Kavuma, J

The High Court upheld the finding that the loan documents provided for 0.5% monthly default interest, not daily interest, and reduced general damages from UGX 10 million to UGX 1 million.

  • Loan Agreements
  • Penal Interest
  • Contractual Ambiguity
  • Contra Proferentem Rule
  • General Damages
  • Burden Of Proof
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Uganda decisions are organised by court, judge, legal area and indexed issue so a practitioner can move from a proposition to a citable authority with the surrounding context intact.

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