Finance

Finance coverage from LegalReports.

Centenary Bank Ordered to Pay Borrower UGX 5M For Failing to Give Her A “Notice of Default” Before Selling Her Land

Banking Oct 27, 2026

A person defaulting on a loan is not a license to the Bank to flout loan recovery procedures.

A Director Can’t Sign Off A Mortgage For A Company Without Its Power of Attorney – Supreme Court

Commercial Contracts Oct 1, 2026

The Court rejected Advocate Joseph Kyazze’s argument that the power of attorney requirement only applies to a mortgagor/registered owner of land and not the mortgagee/lender.

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Finance

Centenary Bank Ordered to Pay Borrower UGX 5M For Failing to Give Her A “Notice of Default” Before Selling Her Land

A Director Can’t Sign Off A Mortgage For A Company Without Its Power of Attorney – Supreme Court

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