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African Rivers Fund v Kare Distribution Limited & Another (Civil Suit 700 of 2019) [2024] UGCommC 279 (25 March 2024)
The High Court held that Kare Distribution Limited and its guarantor were liable for unpaid loan facilities advanced by African Rivers Fund, rejecting alleged illegality.
African Rivers Limited v Kare Distribution Limited & Another (Civil Suit 700 of 2019) [2024] UGHC 118 (25 March 2024)
The court found that the plaintiff advanced the loans to the 1st defendant, which were secured by a mortgage and a personal guarantee from the 2nd defendant. The defendants defaulted on repayment, and no evidence was presented to dispute the debt or the validity of the guarantee. The defendants' claims of illegality were unsupported, and the court relied on statutory and case law confirming the legality of foreign lending transactions. The 2nd defendant's abandonment of the hearing left the plaintiff's evidence unchallenged. The court held the defendants jointly and severally liable for the o…
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