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    East Africa: Restructuring Quarterly Bulletin - April 2024
    2024-04-17

    KENYA

    Economic overview

    Filed under:
    Global, Kenya, Mauritius, Tanzania, Uganda, USA, Company & Commercial, Insolvency & Restructuring, Litigation, Bowmans, Corporate governance, Bitcoin, Electric vehicle, Cryptocurrency, Gaming, US Securities and Exchange Commission, European Commission, Commodity Futures Trading Commission (USA), NASDAQ, FTX, Companies Act 2006 (UK)
    Authors:
    Mohammedzameen Nazarali , Rajiv Gujadhur , Charles Mmasi , Joyce Mbui , Richard Harney
    Location:
    Global, Kenya, Mauritius, Tanzania, Uganda, USA
    Firm:
    Bowmans
    ENSafrica Uganda in brief - Issue 01 | 2022-07
    2022-07-26

    Welcome to the first issue of ENSafrica's Uganda in brief, focusing on the latest legal and regulatory updates across Uganda's corporate commercial and banking and finance industries.

    corporate and commercial

    Filed under:
    Uganda, Corporate Finance/M&A, Employee Benefits & Pensions, Insolvency & Restructuring, Litigation, Tax, ENS
    Location:
    Uganda
    Firm:
    ENS
    The High Court of Uganda emphasises the rights of secured creditors in insolvency proceedings
    2022-05-24

    The High Court recently passed a decision (Bank Of India (U) Limited Vs NC Beverages Limited And Uganda Revenue Authority (Civil Suit 0009 of 2021) highlighting the priority of a secured creditor in the winding up or liquidation of a company. The court further checked the actions by the Uganda Revenue Authority (“URA”) of seizing and disposing secured assets before they can be realised by a secured creditor on commencement of insolvency proceedings.

    Background

    Filed under:
    Uganda, Insolvency & Restructuring, Litigation, ENS
    Authors:
    Sheila Pacuto , Tracy Kakongi
    Location:
    Uganda
    Firm:
    ENS
    How does the indoor management rule in company law apply in Uganda?
    2021-08-17

    The indoor management rule is a common principle, codified in Ugandan law. However, recent decisions from courts have applied the rule inconsistently, and have been a cause of concern as to what reliance can be placed on a company resolution by a party contracting with a company.

    What is the indoor management rule?

    Filed under:
    Uganda, Company & Commercial, Insolvency & Restructuring, Litigation, ENS
    Authors:
    Phillip Karugaba
    Location:
    Uganda
    Firm:
    ENS
    A 101 guide to insolvency and business rescue in Uganda
    2020-08-03

    The Coronavirus (COVID-19) has had a significant impact on businesses in Uganda and the world over, with governments having to enforce lockdown measures to contain the spread of the virus. In Uganda, statutory instruments were published by the Ministry of Health directing certain places of business to remain closed and prohibiting movement of public transport and private cars for approximately 56 days, leading to interruptions in business operations, a reduction in consumer demand and low cash flows to meet expenses and debts owed to creditors.

    Filed under:
    Uganda, Company & Commercial, Insolvency & Restructuring, ENS, Coronavirus
    Authors:
    Donald Nyakairu , Tracy Kakongi
    Location:
    Uganda
    Firm:
    ENS
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