Supreme Court rules Again: BoU is no Longer a Manager nor a Receiver of Crane Bank
The Bank of Uganda (BoU) yet again been defeated in the Supreme Court following the ruling On July 1, 2022. ...
Tag: Bank of Uganda
Tough Times as Afriland bank Voluntarily closes Shop in Uganda after 3 Years
Bank of Uganda (BoU), in exercise of its powers under Section 98 (1) of the Financial Institutions Act, 2004 (as ...
“Learnt Nothing & Forgot Nothing”: After Losing to Sudhir in Supreme Court, BoU insists Crane Bank battle isn’t Over yet
Students of history are well conversant with a French monarchy that crumbled twice due to failure to learn from past ...
5 year Court battle comes To an End as Sudhir gets Last laugh after Supreme Court ordered BoU to return His Crane Bank, pay Costs
The Supreme Court has Friday morning dismissed, with costs, an appeal by Bank of Uganda against city tycoon Sudhir Ruparelia ...
Understanding Sudhir’s fresh Legal battle against BoU as Tycoon presses Bank’s lawyers on the Wall in Attempt to Deny him Costs
Ugandans who Tuesday thronged the Supreme Court as the highest judicial organ began a proceedings to determine whether Bank of ...
FINAL NAIL: Supreme Court pronounces BoU’s skewed Plan to Liquidate Crane Bank illegal and Contempt of Court
The Supreme Court of Uganda has Monday delivered another ruling in favour of businessman Sudhir Ruparelia in relation to the ...
Bank of Uganda explains Fate of Dormant bank Accounts
The Government of Uganda has no intention of taking over or taxing unclaimed balances in bank accounts or mobile money ...
Tough Times as Government moves to Tax cash Withdrawals from Banks
In what Ministry of Finance termed as promoting E-Commerce, improving tax compliance and raising more revenue, government is planning to ...
Court dismisses BoU’s application to join DTB case against Ham
Bank of Uganda has lost an application in which it sought to join as ‘amicus curie’ (friend of the court), ...
Liquidate Crane Bank at your own Peril; Financial Lawyers warn BoU
Experienced financial lawyers have warned the Bank of Uganda that it could run into financial trouble if it goes ahead ...