Articles

Articles

Decision of the High Court on Validity of Mortgages and Unconscionable Interest - H.C.C.S No. 149 of 2010 Alice Okiror & Michael Okiror V Global Capital Save 2004 Limited & Ben Kavuya

Written: 18 Jun 2012
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In June 2012, the High Court of Uganda delivered a ground-­breaking judgment regarding interalia execution of mortgages by mortgagees and unconscionable interest rates.
Categorised under: Cases, High Court
Also related to these departments: Commercial Transactions, Litigation
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Tropical Bank V. Were Muhwana (S.C.C.A No. 4 Of 2011)

Written: 23 May 2011
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The Supreme Court recently passed a judgment on execution of mortgages, loan agreements, sale of mortgaged property and spousal consent. Background The Respondent’s home was mortgaged to Libyan Arab Uganda Bank in 1993 (before the Land Act 1998 which introduced a requirement for spousal consent for any transaction on family land). The Borrower obtained an overdraft of Ug. Shs. 50,000,000/= secured against Were’s home. Default occurred and the property was sold in 1997 by Tropical Bank.
Categorised under: Cases, Supreme Court
Also related to these departments: Litigation
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Decision of The Court of Appeal on sale by Mortgagees, and Validity of Mortgages - C.A.C.A No. 071 of 2009 Belex Tours and Travel Limited Vs. Crane Bank Limited and Fang Min

Written: 12 Aug 2009
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The Court of Appeal of Uganda delivered a judgment regarding among others, execution of mortgages, the sale of mortgaged property and moveable assets by a mortgagee/chargee, financing of a purchase of mortgaged property by mortgagee and what amounts to fraud and illegality in property sales.
Categorised under: Cases, Court of Appeal
Also related to these departments: Litigation
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Supreme Court Civil Appeal No. 4 of 2006 - Fredrick J. K Zaabwe Vs Orient Bank Limited & Others

Written: 10 Jul 2007
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On the 10th July 2007, the Supreme Court of Uganda delivered a ground breaking judgment regarding the nature and effect of powers of attorney especially as regards mortgages, the duty of a mortgagee to a donor of a power of attorney and on a purchaser for value without notice. On account of some of the findings in the case, we recommend it be kept confidential. We set out below a summary of the case.
Categorised under: Cases, Supreme Court
Also related to these departments: Litigation
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