January 28, 2021 Written by URN
Bank of Uganda has lost an application in which it sought to join as ‘amicus curie’ (friend of the court), the ongoing appeal by Diamond Trust Bank (DTB) against Ham Enterprises, a company owned by businessman Hamis Kiggundu.
The court was sitting to hear an appeal against a ruling by the High court to the effect that the DTB-Kenya, a parent company of DTB-Uganda was not registered to do business in Uganda, nor appoint DTB-Uganda as an agent to collect debts owed to the Kenyan bank by Kiggundu.
The judgement stemmed from a case filed by Kiggundu, and his two companies Ham Enterprise Limited and Kiggs International (U) Limited against DTB-Uganda and DTB-Kenya, in March last year, accusing them of fraudulently siphoning
BoU loses bid to join Ham-DTB loan case
Thursday January 28 2021
Kampala businessman Hamis Kiggundu (centre) consults with his lawyers Arnold Kimala (left) and Fred Muwema (right) at Court of Appeal in Kampala yesterday. PHOTO | ABUBAKER LUBOWA
Summary
BoU applied to join the case as an amicus curiae (a person who is not a party to a case but assists court by offering information, expertise, or insight into the issues in the case).
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The Court of Appeal has dismissed an application by Bank of Uganda (BoU) seeking to be allowed to join the Ham-DTB Bank loan case.
BoU applied to join the case as an amicus curiae (a person who is not a party to a case but assists court by offering information, expertise, or insight into the issues in the case).