Golf View Inn (U) Ltd v Barclays Bank (U) Ltd (Civil Suit No. 358 of 2009)
Observed later treatment
Citator coverage is limited to judgments in the Wakilii corpus and source-matched treatment records. Absence of a signal is not an assertion that the case remains good law.
AI-generated summary. This summary was generated by AI from the full text of the judgment. It may contain errors or omissions—always read the source judgment before relying on it.
Holding
The court held that the plaintiff was entitled to a refund of interest overcharge of UGX 16,031,958 as determined by an expert auditor to whose final report the defendant had agreed to be bound by consent order, thereby waiving its right to rely on estoppel and the parol evidence rule. The court held that re-mortgaging expenses were contractually due where the plaintiff had agreed to upstamp security and stamp duty was properly charged. The court held that the defendant's debit of UGX 196,693,961 as legal costs of recovery was unlawful where no recovery by the bank's lawyers actually occurred, as the plaintiff sold the securities pursuant to a Security Realisation Agreement before foreclosure proceedings commenced.
Outcome
Judgment for the Plaintiff on three of the five issues. Plaintiff awarded refund of interest overcharge and recovery costs illegally debited, with interest. Defendant to pay 80% of Plaintiff's taxed costs.
Facts
The Plaintiff company obtained a loan facility of UGX 2,600,000,000 from the Defendant bank in May 2007, secured by mortgage over properties in Entebbe comprising the Golf View Hotel. The Plaintiff defaulted on servicing the loan and by March 2009 the debt stood at UGX 2,716,824,818. The Plaintiff and Defendant entered into a Security Realisation Agreement (SRA) in May 2009 acknowledging a debt of UGX 2,778,163,314 and giving the Plaintiff four months to sell the mortgaged properties or else the Defendant would conduct the sale. The Plaintiff sold the properties on 23 May 2009 for UGX 5,350,000,000. Sale proceeds were credited to the Plaintiff's account and the debt plus UGX 196,693,961 as legal costs of recovery was debited. The Plaintiff claimed the Defendant had overcharged interest, improperly debited remortgaging expenses, and unlawfully debited recovery fees where no recovery by the bank actually occurred.
Issues
- Whether there was an interest overcharge by the Defendant in respect of the Plaintiff's account in the sum of Ushs.26,323,234/=.
- Whether the re-mortgaging expense of Ushs.8,207,000/= charged by the Defendant on the Plaintiff's account was contractually due.
- Whether the debit by the Defendant of Ushs.196,693,961/= on the Plaintiff's account as legal costs of recovery was lawful.
- Whether the Plaintiff is entitled to recovery of US$ 80 and Ushs.967,451/= as interest accrued through alleged delayed credits.
- Whether the Plaintiff is estopped and or barred by the parole evidence rule from raising issues 1 and 2.
Orders
- Judgment entered for the Plaintiff on issues 1, 6 and 3.
- The Defendant to pay the Plaintiff Ushs.16,031,958/= being overcharged interest determined by the expert and adopted by the court.
- The Defendant to refund to the Plaintiff Ushs.196,693,961/= illegally debited to the Plaintiff's account less the Defendant's lawyers' taxed costs for conveyance services and correspondences.
- The Defendant to pay interest on the sums awarded at the rate of 25% per annum from the date of filing the suit until payment in full.
- The Defendant to pay the Plaintiff 80% of its taxed costs.
- The Defendant to pay interest on costs at the rate of 10% per annum from the date of judgment until payment in full.
Rules and key headnotes
Legislation cited (17)
- Evidence Act s.91
- Evidence Act s.92
- Evidence Act s.92(a)
- Evidence Act s.114
- Stamps Act s.2
- Stamps Act Schedule r.34
- Advocates Act s.48
- Advocates Act s.50
- Advocates Act s.51
- Advocates Act s.51(1)
- Advocates Act s.51(2)
- Advocates (Remuneration and Taxation of Costs) Regulations SI 267-4 r.2
- Advocates Remuneration and Taxation of Costs Rules r.4
- Judicature Act s.26
- Judicature Act s.26(2)
- Judicature Act s.27
- Civil Procedure Rules
Cases cited (17)
- Currie v Misa (1875) LR 10 Ex 162
- L'Estrange v Graucob Ltd [1934] 2 KB 394
- Jacobs v Batavia & General Plantations Ltd [1924] 1 Ch 287
- Liberty Construction Co Ltd v Lamba Enterprises Ltd (HCCS No. 215 of 2008)
- Pao On v Lau Yiu Long [1980] AC 614
- Universe Tankships Inc of Monrovia v International Transport Workers Federation [1983] AC 383
- North Ocean Shipping Co. Ltd vs Hyundai Construction Co. Ltd
- Barton v Armstrong [1976] AC 104
- Pao On v Lau Yiu Long [1979] 3 All ER 65
- Verschures Creameries Ltd v Hull & Netherlands Steamship Co Ltd [1921] 2 KB 608
- Njogu & Company Advocates v National Bank of Kenya (2007) 1 EA 296
- SV Pandit v Willy Mukasa Sekatawa [1964] EA 490
- Kituuma Magala & Co Advocates v Celtel Uganda Ltd (SCCA No. 9 of 2010)
- Marles vs Phillip Trant & Sons Ltd Mackinon, Third Party 1 QB 29
- Hassanali Issa & Co v Jeraj Produce Store [1967] EA 555
- Gomba Holdings (UK) Ltd v Minories Finance Ltd (No 2) [1992] 3 WLR 723
- Parker Tweedale v Dunbar Bank Plc (No 2) [1991] Ch 26
Cases citing this judgment (5)
How later Ugandan judgments in the Wakilii corpus have cited this case. Treatment labels come from Sequitur — Uganda’s citator — each backed by a verbatim span from the citing judgment, and are not an assertion that this case is, or is not, good law.
- Hass Petroleum (U) Limited v Kena International Limited and Another (Civil Suit No. 275 of 2021)
- Sserufusa v Kazibwe (Civil Appeal 22 of 2023) followed
- Fresh Cuts Uganda Limited v Duyck and Another (Civil Suit No. 153 of 2019)
- Walakira v Walusimbi (Civil Suit No. 579 of 2012)
- David John Muchinton v A Dean and Company Ltd (Civil Appeal 79 of 2009)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.