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's Minister of Finance Planning and Economic Development has proposed amendments to the tax laws. These amendments aim to exempt income derived from private equity or venture capital funds.

What previously took between 10 to 15 business working days to register a company in Uganda, has now been reduced to 3 hours.

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

The High Court recently passed a decision (Bank Of India (U) Limited Vs NC Beverages Limited And Uganda Revenue Authority (Civil Suit 0009 of 2021)...

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 High Court in Uganda has ruled that a petitioner for liquidation of a company must issue a statutory demand regardless of the grounds of the petition.

The recent decision of the Ugandan Court of Appeal to uphold a 12-year custodial sentence against a former managing director of the NSSF has sparked much debate among finance and legal professionals.

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

Two recent High Court judgments present Uganda Registration Services Bureau ("URSB") with a stark choice and a clear path forward.

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.

Not for profit Organisations commonly referred to Non Governmental Organizations (NGOs) in Uganda are regulated by the Non Governmental Organizations Act 2016.

The recent ruling of the Tax Appeals Tribunal ("TAT") in the case of Century Bottling Company v Uganda Revenue Authority ("URA"), has brought the discretion of the Commissioner General of the...

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...

Many years ago, a foreign client asked for a brief on some local regulations.

To call it a thunderclap may still not do justice to the Uganda Revenue Authority's ("URA") stunning victory against a massive tax evasion scheme. In a decision delivered by the Honourable Justice Stephen Mubiru...

Uganda has published new regulations under the Companies Act ("the Act") that provide for, among other things, striking off a company from the companies register.

The Coronavirus (COVID-19) has had a significant impact on businesses in Uganda and the world over, with governments having to enforce lockdown measures to contain the spread of the virus.

The recent administration of heavily indebted Uganda Telecom Limited ("UTL") aims to achieve the best outcome for creditors and shareholders.