Tag Archives: Diamond Trust Bank

Kampala, Uganda |  THE INDEPENDENT |  Businessman Hamis Kiggundu has asked the Commercial Court to dismiss an application in which Diamond Trust Bank Uganda and Diamond Trust Bank Kenya want court to block the implementation of orders directing them to refund 120 billion shillings and returning properties to the businessman. The …

Kampala, Uganda | THE INDEPENDENT | Did Hamis Kiggundu acquire a syndicated loan from Diamond Trust Bank -DTB? This will be one of the many questions that will face the Court of Appeal and the legal fraternity as a whole. Diamond Trust Bank filed a notice to appeal the ruling …

Kampala, Uganda |  THE INDEPENDENT |   The controversy surrounding a commercial court judgement on the case between Diamond Trust Bank and businessman Hamis Kiggundu has taken a new twist after the Bank of Uganda advised that a foreign bank can appoint an agent to carry our business in Uganda, without …

Kampala, Uganda |  THE INDEPENDENT |   Money lenders in Uganda have petitioned the East African Court of Justice asking them to quash a recent commercial Court decision in a case involving businessman Hamis Kiggundu and Diamond Trust Bank Uganda and Kenya. The lenders under their umbrella, Money Lenders Union Limited …

. Kampala, Uganda |  THE INDEPENDENT |  The High Court Commercial Division has halted the execution of the orders issued by Justice Henry Peter Adonyo in a case involving businessman Hamis Kiggundu, Diamond Trust Bank Uganda and Kenya.     Principal Judge, Dr Flavian Zeija issued the interim orders on Tuesday …

Kampala, Uganda | THE INDEPENDENT | The Commercial Court judgment against Diamond Trust Bank-DTB will have wider repercussions across the entire economy in terms of the cost of credit. On Wednesday, the Head of the Commercial Court, Justice Henry Peter Adonyo ruled that the credit facilities DTB-Kenya offered to local businessman, …

Kampala, Uganda |  THE INDEPENDENT |  Uganda’s banking sector has joined Diamond Trust Bank in the fight to overturn a court judgement that saw DTB lose a 42 billion Shilling case to Ham Enterprises. The industry fears that this decision if implemented, will have far-reaching consequences on the industry. Ham …

Kampala, Uganda |  THE INDEPENDENT |  Diamond Trust Bank Uganda and Kenya have filed a notice of appeal challenging the Commercial Court decision directing them to refund 120 Billion Shillings to businessman Hamis Kiggundu.     In the notice, the two banks through their lawyers of K and K Advocates note …

Kampala, Uganda |  THE INDEPENDENT |   The High Court Commercial Division has ordered Diamond Trust Bank Uganda and Kenya to refund more than 120 Billion Shillings they illegally deducted from two accounts of businessman Hamis Kiggundu. In August 2020, Kiggundu petitioned the court after 85 billion Shillings and 34 billion …