Uganda on Contracts and Commercial Law

Reliance on performance guarantees in infrastructure projects has gained traction in Uganda in recent years. A performance guarantee is a legal promise made by one party to another...

Welcome to the first issue of ENSafrica's Uganda in brief, focusing on the latest legal and regulatory updates across Uganda's corporate commercial and banking and finance industries.

Uganda is set to take a key step towards ensuring the enforceability of close-out netting under ISDA, GMRA and GMSLA contracts – at least in respect of financial institutions governed by the Financial Institutions Act.