Formula Feeds Limited and Another v KCB Bank Uganda Limited (HCT-00-CC-CS 289 of 2014)
Formula Feeds Limited and Another v KCB Bank Uganda Limited (HCT-00-CC-CS 289 of 2014) [2016] UGCommC 288 (10 February 2016)
The High Court held the mortgage over mailo land by non-citizen plaintiffs was a nullity, but upheld the bank’s claim for the outstanding loan balance.
- Credit Facility Breach
- Mortgage Nullity
- Personal Guarantees Enforceability
- Foreign Ownership Restrictions
- Contractual Interest Rates
- Debenture Legality