Kampala, Uganda – On June 12, 2023, Muwema & Co. Advocates and Solicitors, representing Ham Enterprises (U) Ltd, Kiggs International (U) Ltd, and Hamis Kiggundu, submitted an urgent application to the Supreme Court of Uganda. The application, registered under the reference MC/41/20/FM, addresses significant legal concerns involving the Diamond Trust Bank (U) Ltd and Diamond Trust Bank (K) Ltd. Ham’s Application
Background
The application was filed on June 9, 2023, at 11:59 p.m., and seeks a hearing of Civil Application No. 051 of 2021. This application aims to include additional evidence and secure an order to arrest judgment in the Main Appeal, which was scheduled for delivery on June 13, 2023, at 10:30 a.m. Ham’s Application
Key Points of the Application
- Urgency and Importance: The application emphasizes the urgent nature of the matter, highlighting its significance in the context of the prudential regulation of the banking industry.
- Request for Validation and Hearing: Muwema & Co. Advocates have requested the court to validate the application and expedite the hearing process to ensure justice is served.
- Forwarded Documents: Five copies of the application have been forwarded for court records and served to the opposite counsel.
Legal Representation
- For the Applicants:
- Ham Enterprises (U) Ltd
- Kiggs International (U) Ltd
- Hamis Kiggundu
- Respondents:
- Diamond Trust Bank (U) Ltd
- Diamond Trust Bank (K) Ltd
The application was also copied to M/s Kimara Advocates (co-counsel) and M/s K&K Advocates (counsel for the respondents), as well as the client.
Importance of the Case
This case addresses critical issues related to the prudential regulation of the banking industry in Uganda. The outcome could have significant implications for the banking sector, particularly concerning the alleged illegalities committed by Diamond Trust Bank. Ham’s Application
Conclusion
The Supreme Court’s decision to consider this urgent application underscores the legal complexities and high stakes involved. The application seeks to ensure that any judgment rendered is based on comprehensive evidence, thereby safeguarding the interests of all parties involved and upholding the integrity of the judicial process.
