Uganda is set to take a key step towards ensuring the enforceability of close-out netting under ISDA, GMRA and GMSLA contracts – at least in respect of financial institutions governed by the Financial Institutions Act.

Uganda has published rules to secure the enforceability of close-out netting under ISDA Master Agreement, GMRA and GMSLA contracts with financial institutions.

Your contract goes south, do you just watch the losses pile up? In the recent High Court decision, VAS Garage v MTN Uganda, the Court awarded VAS Garage a significant...

Reliance on performance guarantees in infrastructure projects has gained traction in Uganda in recent years. A performance guarantee is a legal promise made by one party to another...

The outbreak of Coronavirus which was declared a global pandemic by the World Health Organization has impacted the entire world since January 2020.

This article is not about those banks that invest more monies in government securities than in loans to their customers; that's a discussion for another day.

The case of Proline Soccer Academy Limited v MTN Uganda Limited, M/s CQ Saatchi & Saatchi & FUFA (U) Limited arose from a series of contractual arrangements relating to the commercial exploitation...

Welcome to the first issue of ENSafrica's Uganda in brief, focusing on the latest legal and regulatory updates across Uganda's corporate commercial and banking and finance industries.

The Supreme Court of Uganda has delivered a landmark ruling on pre-judgment interest in non-contractual claims, establishing that interest rates must reflect fairness and actual borrowing costs rather than simply applying the highest commercial rates. In a case spanning 22 years, the court awarded 12% per annum interest on restitutionary claims, rejecting lower court proposals of 22-25% as "exorbitant" and "unconscionable." This decision fundamentally reshapes how Ugandan courts calculate interest awards, e

In Uganda, judgment creditors who win in court often find their victories hollow when statutory interest rates fail to reflect the true time value of money. Using a detailed economic comparison between a startup plaintiff and a large corporate defendant, this analysis reveals how Uganda's 6% prescribed interest rate creates perverse incentives for defendants to delay payment indefinitely, turning litigation into a profit center rather than a deterrent. Drawing on reforms in Kenya and South Africa, the artic

It may appear a bit unusual to question what is traditionally considered to be a settled rule in commercial contracting. The freedom of contracting parties to choose the forum...

The Supreme Court of Uganda has delivered a landmark judgment in Sebasif Group Enterprises v DFCU Bank that fundamentally reshapes the allocation of risk in finance leasing transactions. The decision establishes that financiers who take legal title to assets cannot disclaim responsibility for that title's validity through standard exclusion clauses, drawing a critical distinction between mechanical risk and proprietary risk. This ruling has far-reaching implications for banks, asset finance providers, and l

As the country grapples with the coronavirus (COVID-19), various directives are being issued by different authorities. It is incumbent on the authorities that the measures are issued within the law.

Uganda's Protection of Sovereignty Act, 2026 imposes strict reporting obligations on banks and money remittance agencies regarding foreign funding to "agents of foreigners."

Uganda, an independent republic within the British Commonwealth, is situated in East Africa.