Victoria Apartments Limited & 2 Others v Gaming East Africa & Entertainment Limited & 3 Others
Victoria Apartments Limited & 2 Others v Gaming East Africa & Entertainment Limited & 3 Others (Miscellaneous Application 521 of 2023) [2023] UGCommC 185 (22 December 2023)
The applicants established a prima facie case for attachment before judgment, demonstrating a real risk that the 1st respondent would dispose of its assets to frustrate any future recovery. However, the statutory security bond held by the 3rd respondent is not liable for attachment as the applicants' claims do not fall within the statutory purposes outlined in Section 40(2) of the Lotteries and Gaming Act, 2016. The Court found that the applicants' claims are not tax or employee claims, nor do they relate to persons participating in activities organized by the licensee under the Act. The Cour…
Source excerpt
- Attachment Before Judgment
- Security For Debt
- Disposal Of Assets
- Bank Guarantee
- Regulatory Compliance