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Pre-judgment Interest And The Time Value Of Money: Lessons From The Ugandan Supreme Court
The Supreme Court of Uganda has delivered a landmark ruling on pre-judgment interest in non-contractual claims, establishing that interest rates must reflect fairness and actual borrowing costs rather than simply applying the highest commercial rates. In a case spanning 22 years, the court awarded 12% per annum interest on restitutionary claims, rejecting lower court proposals of 22-25% as "exorbitant" and "unconscionable." This decision fundamentally reshapes how Ugandan courts calculate interest awards, e
Uganda Litigation
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