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Don’t Just Say Yes To A Board Appointment
Whatever the Board, it is important and absolutely necessary for you to conduct a personal due diligence check before you sign that Appointment letter. INTRODUCTION Many reasons have been given as to why different people serve on Boards. Some say, it is prestigious,...
A Critical Analysis Of Challenges Facing Fintech Startups In Uganda
Starting a company in such a competitive industry like Fintech, which is also an object of scrutiny of governmental regulators, is no easy task. However, a successful Fintech start-up that becomes a leading solution in its sphere can potentially help millions of...
Everything You Need To Know About How To Register A Trust In Uganda
A non-governmental organization can be registered in five different forms in Uganda: Company limited by guarantee, Institution based association, District based association, Nongovernmental organization (under NGO Act), and as aTrust. What is a Trust? A Trust is a...
What You Need To Know From The Tenant And Landlord Act 2022
The Landlord and Tenant Act, 2022 is meant to regulate the relationship between landlords and tenants. It will also reform and consolidate the law relating to the letting of premises and related responsibilities. I. New obligations for the landlord. a) Where...
What You Need To Know As A Shareholder In A Company
The role/duties of shareholders/owners are undermined by the owners. In certain cases, major/majority shareholders consciously or subconsciously take over a company, making the key decisions without consulting other shareholders. You are a shareholder and own a part...
Joint Venture Can Create Revenue For SMEs
Joint Ventures are a business initiative that promotes, expands, creates opportunities for businesses over a short-term period with minimal structures and processes. Post COVID, many Businesses are currently operating in recovery mode to try and meet customer demands,...
The Evolution of FinTech in Uganda
Over the past decade, the pace of technological progress has accelerated, resulting in the introduction of new business models that aim to make processes more efficient and address the needs of customers better. These technologies have stimulated the development of...
Summary of The Succession (Amendment) ACT CAP 162
Background To The Enactment Of The Succession (Amendment) Act, 2022 The distinction between legitimate and illegitimate children has been removed. This means that even children borne out of wedlock should have equal rights as the other children. 1. To...
BNM Advocates has joined the International Lawyers Network
BNM Advocates has joined the International Lawyers Network (“ILN”), a non-exclusive network of high-quality mid-sized law firms, which operates to create a global platform in the provision of legal services, particularly for clients with international needs. With a...
Private Money Lending Arrangements Between Individuals
PRIVATE MONEY LENDING ARRANGEMENTS BETWEEN INDIVIDUALS ARE NOT ILLEGAL. INTRODUCTION On the 5th of January 2022, the High Court in Ndyareeba versus Joseph Arinaitwe pronounced itself to the effect that there is nothing illegal within the Tier 4 Microfinance...