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MMAKS Advocates

Private equity investment in Uganda and the proposed Competition Bill

Uganda has historically had no national law on competition but rather sector specific competition laws for example in the banking, telecommunications, and energy sectors. In 2022, however, the Minister of Trade, Industry and Cooperatives (Minister) tabled before Par..

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ENSafrica

Competition concerns as the President of Uganda assents to the Petroleum Supply (Amendment) Act 2023

The Petroleum Supply (Amendment) Act, 2023 has received Presidential assent in a record-breaking ten days from the date that it was passed by Parliament. In the meantime, the Competition Bill, 2023 which was passed over two months ago still awaits assent, well beyon..

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MMAKS Advocates

The Uganda Court of Appeal has upheld that employers can terminate employees without reason by providing notice or payment in lieu of notice

Court of Appeal; Civil Appeal No. 182 of 2021; Stanbic Bank (Uganda) Limited vs Nassanga Saphinah Kasule

 

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ENSafrica

The Petroleum Supply (Amendment) Bill, 2023: Anti-competitive or not?

The Petroleum Supply (Amendment) Bill, 2023 (“the Bill”) that seeks to amend the Petroleum Supply Act, 2003 was tabled before Parliament for the first reading on 31 October 2023. The Bill aims to do the following:

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ENSafrica

Striking off of companies – the new regime

Uganda has published new regulations under the Companies Act (“the Act”) that provide for, among other things, striking off a company from the companies register. Striking off refers to the administrative process of removing a company from the register if a company is dor..

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ENSafrica

Why companies need to properly document the loans they receive

Financing company operations often involves borrowing from commercial lenders, private lenders and even the company’s own shareholders. Whether or not formal documentation of the loan is done is determined by the company size, the loan size and tenure, whether the company..

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ENSafrica

Uganda’s Competition and Consumer Protection Act: delayed, but all is well

Uganda’s recently passed Competition and Consumer Protection Act still awaits Presidential assent and coming into force. However, a recent positive resolution of an impasse relating to a Presidential directive in the media industry is a good sign for the coming law.

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MMAKS Advocates

Towards a vibrant mining sector in Uganda: a review of the new Mining and Minerals Act

Uganda is a mineral-rich country with vast deposits of gold, uranium, limestone, marble, graphite, iron, copper, and cobalt, among others. Whereas its mining sector once accounted for 30% of the country’s export earnings in the 1950’s and 1960’s, today the sector’s ..

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ENSafrica

Licensing of foreign lenders in Uganda: much ado about nothing

The Supreme Court of Uganda gave its judgment last week in the much-anticipated appeal by Ham Enterprises against Diamond Trust Bank Uganda and Diamond Trust Bank Kenya. The court held that a lending transaction between a foreign bank and a Ugandan borrower does not const..

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