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Uganda decisions
Decisions matching the current search
Nakayi v DFCU Bank (U) Limited (Civil Suit 959 of 2022) [2024] UGCommC 282 (26 March 2024)
The High Court dismissed a borrower’s challenge to sale of mortgaged property, rejected frustration and unconscionable-interest claims, and entered judgment for the bank on counterclaim.
Centenary Rural Development Bank Limited v Bagambe (Civil Appeal 60 of 2022) [2024] UGHC 167 (15 March 2024)
The High Court upheld the finding that the loan documents provided for 0.5% monthly default interest, not daily interest, and reduced general damages from UGX 10 million to UGX 1 million.
Kingstone Engineering & Construction Consultants Limited v NCBA Bank Uganda Limited (Civil Suit 350 of 2021) [2023] UGCommC 230 (14 February 2023)
The High Court held that the bank’s deductions were justified because they were used to clear the borrower’s outstanding principal, interest, and penal interest after default.
Miao Hua Xian v DFCU Bank and Another (Miscellaneous Application 772 of 2022) [2022] UGCommC 162 (18 July 2022)
The High Court granted a stay of execution pending appeal, finding the appeal arguable and that sale of the applicant’s property risked substantial loss.
National Social Security Fund v Commissioner General, Uganda Revenue Authority (TAT Application No. 3 of 2019) [2020] UGTAT 6 (27 March 2020)
The Tribunal held that NSSF member-interest was not a deductible tax expense, but the majority also held that penal interest was payable on the unpaid assessment.
Asam Products Uganda Limited and 2 Others v National Bank of Commerce Uganda Limited (Civil Appeal 51 of 2003) [2012] UGCA 54 (16 January 2012)
The Court of Appeal partly allowed a banking appeal, rejecting liability for shs62,186,397, upholding the agreed 6% penalty interest, and sustaining a shs10 million counterclaim.
