DTB-HAM Case Archives – CEO East Africa

Delaying the inevitable⏤ Ham Kiggundu goes to Constitutional Court to challenge Supreme Court ruling

by The CEO Magazine TeamCommercial Justice News & Analysis The Big StoryJuly 21, 2023July 21, 2023

In yet another legal gimmick, largely perceived to be a delay tactic, to buy him time, against the inevitable, businessman Hamis Kiggundu (Ham) has applied to the Constitutional Court, seeking to overturn, a 6th June 2023 Supreme Court ruling that foiled the businessman’s attempts to avoid repaying billions that he…

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Hamis Kiggundu vs DTB and the licensing of foreign lenders in Uganda: Much ado about nothing

by theceomaCommercial Justice News & Analysis The Big Story Thought LeadershipJune 22, 2023June 22, 2023

By Phillip Karugaba & Rehema Nakirya SsemyaloThe Supreme Court of Uganda gave its judgment last week in the much-anticipated appeal in Ham Enterprises Ltd, Kiggs International (U) Ltd and Hamis Kiggundu vs. Diamond Trust Bank (U) Ltd and Diamond Trust Bank (K) Ltd (Civil Appeal No. 13 of 2021). The…

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Meet the K&K Advocates lawyers at the centre of the strategically important Ham vs. Diamond Trust Bank’s win

by Muhereza KyamuteteraCommercial Justice Profiles The LawyerJune 14, 2023July 1, 2023

Uganda’s Supreme Court on 13th June 2023 dismissed an application in which businessman Hamis Kiggundu and his companies, Ham Enterprises Ltd and Kiggs International Ltd sought to wiggle out repayments of approximately USD11 million to two banks, claiming the lending was done without license. In the much-anticipated ruling, a Coram of…

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OPINION: Does a foreign lender to a Ugandan business require a licence from the Bank of Uganda?

by theceomaFinance The Lawyer Thought LeadershipMay 12, 2021May 12, 2021

By Phillip Karugaba, Rachel Musoke and Sheila PacutoThe Ugandan Court of Appeal, (in Diamond Trust Bank (Kenya)/Diamond Trust Bank (Uganda) vs Ham Enterprises Civil Appeal No, 262 of 2020), has set aside a decision that declared loans made by Diamond Trust Bank (Kenya) to a Ugandan business to be illegal…

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OPINION: This is the implication of the May 5th Court of Appeal decision on the regulation of cross-border financial services

by Blaisie PaulsenThe Lawyer Thought LeadershipMay 12, 2021May 12, 2021

In 2020 the borrower, Ham Enterprises applied to the high court of Uganda for orders among others that the lending by Diamond Trust Bank Kenya (“DTBK”), a Kenyan bank to the borrower Ham Enterprises (a Ugandan entity) was illegal on the basis that the Kenyan Bank engaged in financial institution…

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Bank of Uganda Withdraws from DTB VS Ham Kiggundu Case

by URNCompany News FinanceFebruary 8, 2021February 8, 2021

The Bank of Uganda has withdrawn from the case in which Diamond Trust Bank (DTB) seeks to overturn a high court ruling, which faulted Diamond Trust Bank-Uganda for collecting debts on behalf of its parent company DTB-Kenya.The judgement stemmed from a case filed by Ham Kiggundu, and his two companies…

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Court Rejects Bank of Uganda ‘Friend Request’ in DTB-HAM Case

by URNFinanceJanuary 28, 2021

Bank of Uganda has lost an application in which it sought to join as ‘Amicus Curie’ (Friend of the Court), the ongoing appeal by Diamond Trust Bank against Ham Enterprises, a company owned by businessman Hamis Kiggundu.The court was sitting to hear an appeal against a ruling by the high court…

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