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.

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

The indoor management rule is a common principle, codified in Ugandan law. However, recent decisions from courts have applied the rule inconsistently, and have been a cause of concern...