Golf View Inn (U) Ltd v Barclays Bank (U) Ltd
Golf View Inn (U) Ltd v Barclays Bank (U) Ltd (Civil Suit No. 358 of 2009) [2015] UGCommC 23 (23 January 2015)
The court found that the Defendant overcharged interest on the Plaintiff’s loan account, as determined by an independent expert appointed by consent of both parties, and that the Defendant was bound by the expert’s report due to waiver and estoppel. The Plaintiff was entitled to a refund of the overcharged interest. The court held that the remortgaging expense was contractually due, as the Plaintiff had agreed to up-stamp the security and pay associated costs under the facility letter and mortgage deed. However, the court found that the Defendant’s debit of Ushs.196,693,961/= as legal costs o…
Source excerpt
- Loan Facility Disputes
- Mortgage Enforcement
- Interest Overcharge
- Legal Costs Recovery
- Contractual Estoppel
- Remedies For Breach