Uganda: Ham Vs. DTB and the Licensing of Foreign Lenders in Uganda: Much Ado About Nothing
Published on: Thursday 22 June 2023
Opinion - The Supreme Court of Uganda gave its judgment last week in the much-anticipated appeal in Ham Enterprises Ltd, Kiggs International (U) Ltd and Hamis Kiggundu vs. Diamond Trust Bank (U) Ltd and Diamond Trust Bank (K) Ltd (Civil Appeal No. 13 of 2021). The court held that a lending transaction between a foreign bank and a Ugandan borrower does not constitute "transacting financial institutions business" as defined by the Financial Institutions Act 2004 ("FIA"). This finally clarifies that a foreign lender do
News source: https://allafrica.com/stories/202306220348.html
»
Uganda
