Lanex Forex Bureau Ltd v Mulangwe
Lanex Forex Bureau Ltd v Mulangwe (Civil Appeal No. 190 of 2016) [2021] UGCA 125 (1 June 2021)
The Court of Appeal held that the reconstructed record, agreed upon and certified by both parties' counsel, was a valid basis for adjudication, and the appellant was estopped from challenging its use. The delay in judgment delivery was not so unreasonable as to prejudice the parties' rights. On the substantive issue, the court found that the deposit of US$160,000 was made to the appellant, a forex bureau, in contravention of statutory regulations prohibiting such deposits. However, the law and common law principles of restitution and unjust enrichment required that the appellant refund the de…
Source excerpt
- Illegality Of Contract
- Unjust Enrichment
- Restitution
- Regulatory Compliance Forex Bureaux
- Estoppel
- Reconstruction Of Court Record