Banks paying price for trillions locked up in commercial court
Monday May 17 2021
On average, the Commercial Court receives about 2,000 cases annually with only half of these going up to disposal. Photo | File
Summary
According to a 2020 report by Francis Gimara, the former of Uganda Law Society president, more than Shs5 trillion is locked up in commercial disputes with some cases taking as long as 10 years to be disposed of.
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It has been difficult to ignore the noise coming from the banking sector and by extension, the Judiciary.
What has largely been a shadowy court that is less known to the public, seems to have all of a sudden invited a lot of attention due to some hair raising decisions taken inside the Nakasero-based court.