Uganda Case Law

Ecobank Uganda Limited v Fone Plus Limited & Others

Ecobank Uganda Limited v Fone Plus Limited & Others (Civil Suit 776 of 2021) [2023] UGCommC 146 (12 May 2023)

Court

Commercial Court of Uganda

Case number

Civil Suit 776 of 2021

Judge

Anna B. Mugenyi, J

The court found that the 1st defendant was indebted to the plaintiff for USD 3,403,046, having received and defaulted on credit facilities, and that the plaintiff was entitled to debit the 1st defendant's account and charge interest as per the contractual terms. The 1st defendant's arguments regarding unauthorized debiting and mistaken restructure were rejected, as the agreements expressly permitted such actions and the defendant had acknowledged the debt and requested restructuring. The 2nd and 3rd defendants, as guarantors under demand guarantees, became liable upon the 1st defendant's defa…

Source excerpt

• Letters Of Credit
• Guarantees And Indemnities
• Loan Restructuring
• Bankers Lien
• Contractual Interest
• Debt Recovery

Stanbic Bank(u) Ltd v Nakanyonyi Development Association(NADA) Ltd & Ors

Stanbic Bank(u) Ltd v Nakanyonyi Development Association(NADA) Ltd & Ors (Civil Suit No. 137 of 2012) [2015] UGCommC 144 (30 November 2015)

Court

Commercial Court of Uganda

Case number

Civil Suit No. 137 of 2012

The court held the borrowers were indebted, but also awarded damages for breach of the notice clause. The counterclaim against the valuers failed.

• Financial Leasing
• Guarantees And Indemnities
• Contractual Breach
• Asset Valuation
• Notice Requirements
• Damages And Set Off

Hajj Bumali Kadjingo v Non Performing Assets Recovery Trust

Hajj Bumali Kadjingo v Non Performing Assets Recovery Trust [2004] UGSC 14 (20 April 2004)

Court

Supreme Court of Uganda

The Supreme Court of Uganda dismissed a second appeal over a company debt, holding the appellant was properly sued and that naming issues were mere technicalities.

• Director Liability
• Guarantees And Indemnities
• Preliminary Objections
• Corporate Debt Recovery
• Preliminary-objections
• Company-debt-recovery