• EDITORIAL POLICY
  • ABOUT US
PML Daily
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines
No Result
View All Result
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines
No Result
View All Result
PML Daily
No Result
View All Result
suubula suubula suubula
Home NEWS

HAM Vs DTB APPEAL: Appelate judges caution on any kind of compromise as DTB struggles with the appeal

NELSON MANDELA | PML Daily Reporter by NELSON MANDELA | PML Daily Reporter
January 30, 2021
in NEWS
0 0
287
VIEWS
FacebookWhatsAppTwitter
The Deputy Chief Justice Richard Buteera, Justice Kenneth Kakuru and Justice Christopher Izama Madrama in the Wednesday Court Session (PHOTO/Courtesy).

KAMPALA – According to the law, when two parties enter into a contract that is deemed illegal by the court, the parties are neither rewarded nor one given advantage over the other. It is at this point for the public to know that the High Court judgement did not award any party money arising from the illegality but rather ordered the bank to pay money that had been withdrawn from Ham’s accounts without permission.

The appellate judges handling the Ham Vs DTB that include: The Deputy Chief Justice Richard Buteera, Justice Kenneth Kakuru and Justice Christopher Izama Madrama have seriously warned and cautioned the parties involved to desist from trying to compromise the judges in any way possible. It should be known that Diamond Trust Bank appealed the October 2020 High Court judgement, since then the bank is fighting hard and doing everything possible to win the case, it has struggled to raise its voice through Uganda Bankers Association (UBA) and Bank of Uganda using numerous press releases with threatening remarks that the high court judgement was going to negatively impact the banking sector in Uganda plus the region at large.

On 9th October 2020, The Uganda Bankers Association through E.D Humphrey Wilbrod Owor and Chairman Mathias Katamba protested the Court Judgement and impulsively tried to persuade other trade associations to join them in a cause that underlooked the independence of the judiciary through releasing multiple press releases referring to the commercial court ruling as “RECKLESS”. in total contempt of the honourable court

The three judges also ruled against the amicus curiae application by Bank of Uganda to join the Ham Vs DTB case and provide an expert opinion in the case. Their bid was questioned on grounds of lack of neutrality in the case since the High Court judgement had also listed BOU as one of the parties that had exhibited negligence in carrying out its regulatory work.

Amicus curiae is someone who is not a party to a case but assists a court by offering information, expertise, or insight that are deemed key to the issues in the case.

In the 7th October 2020 judgement, the High Court ordered DTB to pay Ham Enterprises U Ltd the unlawfully debited amounts of 120billion, Legal fees and 9.6billion interest per year. The 120billion is not a reward to Ham Enterprises from the case that DTB lost due to illegalities of DTB Kenya operating in Uganda without a license but it is an accumulated amount that DTB has been debiting from Ham Enterprises U Ltd accounts over a spread period of 10 years.

According to the law, when two parties enter into a contract that is deemed illegal by the court, the parties are neither rewarded nor one given advantage over the other. It is at this point for the public to know that the High Court judgement did not award any party money arising from the illegality but rather ordered the bank to pay money that had been unlawfully withdrawn from Ham’s accounts without permission.

The court was adjourned to 17th March 2021.

Comments

Tags: Deputy Chief Justice Richard ButeeraDTBHam kiggunduJustice Christopher Izama MadramaJustice Kenneth Kakuru

Related Posts

Deputy Chief Justice Richard Buteera Presiding over the swearing-in ceremony of Ms Elizabeth Khaitsa Mabwa Gabona (PHOTO/Courtesy).
NEWS

DCJ Buteera swears in ESC Deputy Chairperson Gabona

February 19, 2021
255
Ham-DTB Uganda and Kenya ruling dates set (PHOTO/File).
NEWS

Court of Appeal set to hear DTB vs Ham Case on Wednesday

January 26, 2021
306
Deputy Chief Justice Richard Buteera, retired Registrar, Godfrey Anguandia Opifeni and other officials during a farewell on Friday (PHOTO/Courtesy).
NEWS

Retired Registrar Opifeni lauded for exemplary service

January 26, 2021
1.1k
NEWS

High Court Judges prepare for election petitions

January 7, 2021
214
Ham, is a Ugandan businessman, investor, real estate and property developer, country loyalist, philanthropist, and author (PHOTO/Courtesy).
BUSINESS

VIDEO: Uganda needs banking reforms and independence of the judiciary – Ham

December 19, 2020
186
The National Planning Authority and Judicial members in a group photo after the discussion (PHOTO/Courtesy).
NEWS

Judiciary, NPA discuss creation of Administration of Justice Programme

December 9, 2020
786

Advertisement






 

 

About

The PML Daily, published via www.pmldaily.com is a publication of Post Media Ltd, a professional Digital/New Media company in Uganda.

Follow us

KIU

  • EDITORIAL POLICY
  • ABOUT US

© 2020 PMLDAILY.COM

No Result
View All Result
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines

© 2020 PMLDAILY.COM

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In