Ham Vs DTB; the judgment in summary

Between February 2011 and August 2018, Ham KIggundu was offered loans by DTB Kenya which he was wanted to use for the construction of commercial properties.

DTB Kenya contacted its counterpart in Uganda (DTB Uganda) to collect loan facilities from the Ham. DTB-Uganda insists that it acted only as an agent of DTB-Kenya and did not conduct business in Uganda.

Ham then dragged DTB Kenya and Uganda to court in the case Ham Enterprises limited and 2 others V Diamond Trust Bank (Uganda) Limited and Another (Miscellaneous Application No.654 of 2020) [2020] UGCOMMC 32 (7 0ctober 2020) in which he wanted court to declare that the banks demand for the loans which were advanced to him by DTB-Kenya, is illegal and unenforceable on the grounds that the Kenyan bank had no license to carry out financial business in Uganda.

In this podcast, I  summarize for you the court's holding on the critical arguments.

1.  In regard to the DTB Uganda and DTB Kenya's statement of Défense, do they concede to Ham's submissions that they acted illegally by conducting financial institution business without a license thus violating the Financial institution Act of 2004 as amended.

2. In regards to the legality of the appointment of DTB Uganda to act as an agent of DTB  Kenya? 

Read this week’s blog here- 

-Ham Vs DTB; the judgment in summary. https://kevejoanne.wordpress.com/2020/10/14/ham-vs-dtb-the-judgement-in-summary/ 

-Watch this week's youtube episode -

-Listen to this week's podcast episode here-

Read other recommended  blogs, podcast episodes, and youtube videos  here;

BLOGS 

1.Stanbic Bank top bosses sell Client's property to themselves -https://wordpress.com/block-editor/post/kevejoanne.wordpress.com/803

2.How to halt  mortgage debt recovery -https://wordpress.com/block-editor/post/kevejoanne.wordpress.com/657

3.Family loses sh 30b property, accuses bank of fraud-https://wordpress.com/block-editor/post/kevejoanne.wordpress.com/640

RECOMMENDED PODCAST  EPISODES HERE -https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy8yNTZiM2I5OC9wb2RjYXN0L3Jzcw?sa=X&ved=2ahUKEwiWwtGrjrfsAhULixoKHaNJC4EQ9sEGegQIARAD

-Stanbic Bank top bosses sell Client's property to themselves

-Ugandan Family loses 30 billion and accuses bank of fraud

- How to legally halt a mortgage debt recovery process 

YOUTUBE VIDEOS

-Stanbic Bank top bosses sell Client's property to themselves -https://www.youtube.com/watch?v=lLETor1XjLA&t=45s

-Ugandan Family loses 30 billion and accuses bank of fraud-https://www.youtube.com/watch?v=7-s4Itr2u8M&t=7s

-How to legally halt a mortgage debt recovery process 

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This podcast isn't a law firm and this page should not be interpreted as creating an attorney-client or legal adviser relationship. For questions regarding your specific situation, please consult a qualified Attorney.