Debt in the financial sector - an examination of law and practice in Uganda: a case study of Commercial Banks in Kampala Central Division
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Date
2010-06
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Kampala International University.College of Law
Abstract
This paper is an exploratory study which sought analysis of the existing gaps in the law
governing debts in banks in Uganda. The paper examined the debt related issues at both
national and international levels and its regulation to identify the weaknesses in order to
provide ways of amendment that can be fit into the existing laws for the betterment of
debt control.
The study relied on qualitative design to collect and analyze data which was collected
from five banks that is; Stanbic, Baroda, CERUDEB, Tropical and DFCU banks m
Kampala Central Division. It was also based on secondary data for verification of
information collected from Kampala International University and Makerere University
I .aw Development Center.
The findings are presented under the following themes:
" Effectiveness of law governing debts and how has it supported the position of the
debtor and creditor
Circumstances that lead to borrowing from financial institutions
Circumstances that to defaulting and has it affected the position of the
bank as \Veil as that of the debtor
Solutions to curb debt defaulting level
Description
Research report submitted to the faculty of Law in partial fulfillment of the requirements for the award of the bachelors degree Laws of Kampala International University
Keywords
Debt, Financial, Examination, Law, Practice