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Cairo Bank Loses Bid to Overturn 60M Arbitral Award

Cairo Bank MD Ahmed Maher/Cairo Bank Photo

In a significant ruling for arbitration in Uganda, the Commercial Court has dismissed with costs an application by Cairo Bank Uganda Limited to set aside an arbitral award worth 60M UGX in favor of Cads Ventures Limited, a debt collecting agency.

The judgment, delivered by Judge Grace Magala on Wednesday,…

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