By Rachael Aspery, McGlinchey Stafford, PLLC On December 21, 2023, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) announced and issued a final rule (“Access Rule”) under 31 C.F.R. Part 1010 that establishes the framework for access to and protection of beneficial ownership information (“BOI”) that will be reported to FinCEN pursuant to the Corporate Transparency Act […]
The 2022 Annual Crime Report indicates that a total of 286 cases of cybercrimes were reported to police. Cybercrimes led to a loss of UGX 19,209,798,000. The country’s banking sector has registered a series of fraud cases over the past year which has reduced public trust in the sector. Earlier this year, Equity Bank officials […]
Synopsis In this case, the High Court awarded USD.18,000,000 based on trade secrets protection and proprietary rights, unfair business practices, and unfair termination of a distributorship arrangement. Legal principles covered: Brief facts The Plaintiff, and the 2nd Defendant are companies incorporated, and carrying on business in Uganda. The 1st Defendant is a manufacturing company incorporated […]
Starting a Non-Governmental Organization (NGO) in Uganda requires compliance with both the Uganda Registration Services Bureau (URSB) and the National Bureau for Non-Governmental Organizations (NGO Bureau). The process differs depending on the category of NGO you intend to establish i.e. Indigenous, Regional, Continental, Foreign, or International. This guide sets out the practical steps and requirements […]
Termination of employment leaves questions as to who settles outstanding loan obligations. It is the argument of former employees that insurance covers should pay outstanding loan obligations when they can no longer fulfill salary loan obligations for various reasons. In this write up we explore the possibilities and limitations of insurance covers to pay salary […]
The outbreak of the Covid-19 pandemic led to the emergence of e-commerce and digital content creators. At its peak, the pandemic revealed the immense opportunities that the internet presents. By its nature, the digital world can be very complicated as it mutates and advances, presenting unique policy challenges. At present, the most common concern is […]
