Court endorses sh614b award against Aya

In a ruling dated September 13, 2023, Gashirabake dismissed the application, saying the Arbitration and Conciliation Act (ACA) limits the intervention of court in matters of arbitration.

Court endorses sh614b award against Aya

By: NewVision Reporter, Journalists @NewVision

The Court of Appeal has dismissed an application in which Aya Investment Uganda Ltd sought to block payment of $165,043,605 (about shillings 614 billion) in arbitral award, to

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Court of Appeal
Aya Investment Uganda Ltd
Arbitral award
Industrial Development Corporation (IDC) of South Africa Limited.

Court endorses sh614b award against Aya

In a ruling dated September 13, 2023, Gashirabake dismissed the application, saying the Arbitration and Conciliation Act (ACA) limits the intervention of court in matters of arbitration.

Court endorses sh614b award against Aya

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