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Uganda decisions
Decisions matching the current search
Create Consult Limited v Jurua & 3 Others (Civil Suit 16 of 2022) [2024] UGHC 805 (29 August 2024)
The High Court held that the borrower owed UGX 150 million, awarded UGX 5 million special damages and UGX 20 million general damages, and reduced interest to 20% per annum.
Habib Oil Limited & 4 Ors v Standard Chartered Bank Uganda Ltd (Miscellaneous Application No. 872 of 2015) [2017] UGCommC 21 (10 March 2017)
The application for a temporary injunction fails because the Applicants have not demonstrated a prima facie case with a likelihood of success. The alleged frustration is unsupported by evidence, as the delay in payment from third parties does not amount to frustration of the loan contract, and the Applicants have acknowledged indebtedness. The mortgage agreements and statutory provisions entitle the Respondent to enforce its security upon default, and the interest rate was contractually agreed with discretion to vary according to market conditions. The loss of mortgaged property is not irrepa…
Source excerpt
Kabuye & Anor v Kim Bowerman (Civil Suit No.535 of 2007) [2014] UGHCLD 116 (21 August 2014)
The High Court found the plaintiffs breached a loan agreement, reduced an excessive contractual interest rate, and awarded the defendant principal, lower interest, damages, and costs.
