Additional References

Legislative Frameworks
1. Bank of Uganda Act CAP 51
2. Bills of Exchange Act CAP 68
3. Evidence (Bankers Books) Act CAP 7
4. Micro Deposit Taking Institutions Act, 2003
5. Financial Institutions Act No.2 of 2004
6. Financial Institutions Amendment Act, 2016
7. Limitation Act CAP 80
8. Tier 4 Microfinance Institutions & Money Lenders Act 2016
9. The Anti Money Laundering Act, 2013
10. The Anti- Money Laundering Amendment Act 2017
9. The Electronic Transactions Act, 2011
10. Data Protection and Privacy Act, 2019.

Statutory Instruments (Make reference to the BOU Website for a full list)
1. Financial Institutions (Ownership and Control) Regulations, 2005
2. Financial Institutions (Revision of Minimum Capital Requirements) Instrument 2010 No. 43 of
2010.
3. Financial Institutions (Capital Adequacy Regulations) 2005
4. Financial Institutions License Regulations,2005
5. Financial Institutions Liquidity Regulations,2005
6. Financial Institutions Corporate Governance Regulations, 2005
7. Financial Institutions Credit Classification Regulations, 2005
8. Financial Institutions Credit Concentration and Exposure Limits, 2005
9. Financial Institutions Credit Reference Regulations, 2005
10. Financial Institutions (Anti-Money Laundering) Regulations 2010 No. 46 of 2010.
11. Financial Institutions (Consolidated Supervision) Regulations 2010 No. 44 of 2010.
12. Financial Institutions (External Auditors) Regulations 2010 No. 45 of 2010.
13. Microfinance Deposit Taking Institutions Regulations 2004

Guidelines
1. Financial Consumer Protection Guidelines 2011
2. Mobile Money Guidelines, 2013

Reference books
1. John Armour,Dan Awrey, Paul Davies, Luca Enriques, Jeffrey N. Gordon, Colin Mayer, and
Jennifer Payne, Principles of Financial Regulation. Oxford University Press, 2018
2. E.P. Ellinger, E. Lomnicka and C.V.M Hare, Ellinger’s Moern Banking Law, 5th Edition, Oxford
University Press, 2011.
3. Dimity Kingford Smith and Olivia Dixon, The Consumer Interest and Financial Markets, in
Moloney, Ferran and Payne (Eds.2017), The Oxford Handbook of Financial Regulation, 695-735.
Oxford University Press, 2017.
4. G.P.Tumwine-Mukubwa & Ors (Ed) Cases in the law of banking
5. Ross Cranston, Emillios Avgouleas, Kristin Van Zwieten, Christopher Hare and Theodore Van
Sante, Principles of Banking Law, 3rd Edition, Oxford University Press, 2018
6. G.P. Tumwine–Mukubwa & Ors Essays in The Law of Banking

1
7. Hapgood Mark (Ed) PAGETS Law of Banking 10th Ed.
8. Drover & Ors (Ed) Sheldon’s Law of Banking
9. P.E.Smart Chorley and Smart Leading Cases in the Law of Banking
10. Chalmer’s Bills of Exchange 13th Ed.
11. Holden M.J. Law and Practice of Banking 5th Edition Vol. 1 & 2
12. Byles on Bills of Exchange

Associated legislation

 Contract Act
 Companies Act and regulations
 Insolvency Act and regulations

The Financial Sector in Uganda

 Overview of the Financial Sector
 Banking and non-banking financial institutions
 Regulatory framework (the legislation, bank of Uganda)

Banking from a global perspective

 The Basel Frameworks (Basel I, II, & III)
 Anti-Money Laundering and Counter Terrorism Financing

Banking in the digital era

 Virtual banks, internet banking, digital banking, & electronic banking
 Block Chain Revolution and Crypto Currencies (not legal tender in Uganda, no law)

The Central Bank of Uganda's role as the Regulator of banking activities in Uganda
 Mandate to regulate commercial banks
 Banking and non-banking financial institutions
 Banking as a regulated activity
 Licensing Requirements

Key Regulatory Requirements for Banks in Uganda

 Ownership and Control
 Governance requirements Capital requirements
 Anti- Money Laundering and Counter Terrorism Financing
• The Anti-Money Laundering Act, 2013 as amended;
• Registration of Persons Act, 2015;
• The Anti- Terrorism Act, 2002 as Amended.
Case law
a) Sandus Exchange and Money Transfer & Others v FIA HC Misc. Cause
no.154 of 2018
b) Smart Portus Magara & 138 Others v FIA HC Misc. Cause no.215 of 2018
c) Squirrel Ltd v National Westminster Bank Plc [2005] 1 ALLER 749

2
 d) K v. National Westminster Bank [2006] EWCA 1039
e) Governor & Company of the Bank of Scotland v A Ltd [2001] ALLER 81

 Mortgage Transactions
• Land Act as amended;
• Mortgage Act, 2009;
• Mortgage Regulations, 2012;
• Security Interests in Movable Property Act, 2019

 Foreign Exchange Transactions

• Foreign Exchange Act, 2004;
• Foreign Exchange Regulations, SI. No.10 of 2006

 Taxes and Duties Imposed on Banking Activities

• Income Tax Act as amended;
• Stamp Duty Act, 2014;
• The Stamps (Amendment) Act of 2016;
• Excise Duty Act of 2014 as amended.

 Consumer Protection and Privacy

• Anti- Money Laundering and anti- terrorism laws
• Data Protection and Privacy Act of 2019;
• Bank of Uganda Financial Consumer Protection Guidelines, 2011.

 Electronic Transactions
 The Electronic Transactions Act of 2011;
 The Electronic Signatures Act, 2011

 Capital Markets and Stock Exchange Regulatory Frameworks

• Companies Act, 2012;
• Capital Markets Authority Act as amendment in 2011 and 2016;
• Securities Central Depositaries Act, 2009;
• Capital Markets (Prospectus Requirements);
• Capital Markets (Corporate Bonds) Guidelines, 2003;
• Uganda Securities Exchange Listing Rules, 2003.

The Relationship between the banker & customer

Who is a banker/ What is a bank

Legislative definitions
 Bills of Exchange Act, 1933 (definition of Bank)
 Financial Institutions Act 2004 as (See the definition of commercial bank, financial institution
and financial institutions business)

3
Case law
 Re Shields Estate [1901] 1Ir.R 173,179.
 Commissioners of the State Savings Bank of Victoria v Permewan Wright & Co.Ltd
(1914)19 CLR 457.
 United Dominions Trust v Kirkwood [1966]2 QB 431.
 Canadian Western Bank v Alberta [2007]2 SCR 3.
 Woods v Martins Bank Ltd [1959]1QB 55.

Who is a Customer
 Rowlandson v National Westminster Bank Ltd [1978] 1 WLR 798.
 Marfani & Co. Ltd v Midland Bank Ltd [1968] 1 WLR 956.
 Great Western Railway Co. v London & County Banking Co. Ltd [1901] AC 414.
 Commissioners of Taxation v English Scottish and Australian Bank Ltd [1920] AC
683.
 Ladbroke v Todd [1914] 19 Com. Cas 256.
 Taxation v English Scottish & Australian Bank (1920) AC 683.
 Woods v Martins Bank Ltd [1959]1QB 55.

Banker- Customer Relationship

1. Contractual Relationship
 Esso Petroleum v Uganda Commercial Bank Civil App. No.14 of 1992 (Unreported)
 Mobil (U) Ltd. Uganda Commercial Bank (1982) HCB 64
 Foley v Hill (1842)2 HLC 28
 Joachimson v Swiss Bank Corporation [1921] 3 KB 110

2. Debtor- Creditor Relationship

 Foley v Hill (1842)2 HLC 28
 Joachimson v Swiss Bank Corporation [1921] 3 KB 110
 Damayanti Kantilal Doshi v Indian Bank [1999]2 SLR 306.

3. Principal- Agent Relationship

Foley v Hill (1842)2 HLC 28

4. Fiduciary Relationship
Bristol and West Building Society v Mothew [1998] Ch.D 1 (definition of fiduciary)

Read the following cases too

1. Stanbic Bank Uganda Ltd V. Uganda Crocs Ltd SCCA 04/2004
2. Banex Ltd vs. Cold Trust Bank civil Appeal No 29 of 1995 (SCU) (unreported),
3. Royal Bank of Canada v. IRC (1972) Ch.665
4. Greenwood v Martins Bank Ltd [1933] AC 51.
5. Sudan Commercial Bank v El Sadiq Mohammed E1 Sadiq 1967(1) ALR Comm 35.
6. Pott v Clegg (1847) 153 E.R 1212
7. Joint Stock Bank v MacMillan & Anor (1918) A.C 77

4
8. Tai Hing Cotton Mill Ltd v Liu Chong Hing Bank Ltd & Ors 1986 A.C. 80
9. National Bank of Greece S.A v Pinios Shipping Co. No.1 (1989) 1 AllER 213
10. Bank of England v Vagliano Bros (1891) A.C. 107
11. Bank of Ireland v Evan Trustees 10 E.R 950
12. London & River Plate Bank Ltd v Bank of Liverpool Ltd (1896) 1 Q.B. 7
13. Chatterton v London Banking Ltd. C & S
14. Tournier v National Provincial and Union Bank of England (1924) 1 K.B. 461
15. Williams and Ors v Summerfield [1972] 2 Q.B 513
16. Libyan Arab Foreign Bank v Bankers Trust Co (1988) 1 Lloyd’s Rep. 259
17. Sunder Das v Municipal Council of Nairobi (1948) 15 EACA 33
18. Sunderland v Barclays Bank Ltd (1938) 5 LDAB 163
19. Hedley Byrne & Co. Ltd. v Heller & Partners (1964) A.C 465
20. Box v Midland Bank Ltd (1979) 2 Lloyds Rep. 391
21. Port Swetlenham Authority v Tw Wu & Co(M) Sdn Bhd (1979) A.C. 58

Duties of the Banker

Duty of Care & Skill

 The Sale of Goods and Supply of Services Act, 2017 (s.18)
 Selangor United Rubber Estates Ltd v Cradock (No.3) [1968]1WLR 1555
 Midland Bank Ltd. v. Reckitt [1933] A.C. 1
 Reckitt v. Barnett, Pembroke & Slater Ltd., [1929] A.C. 176
 Henderson v Merret Syndicates Ltd [1992] AC 145
 Customs & Excise Commissioners v Barclays Bank Plc [2007]1 AC 181.

Duty of Secrecy/ Confidentiality

 See sections 8,9,9A, 14, 15 of the Anti- money Laundering Act, 2013 as amended
 See section 78 of the Financial Institutions Act, 2004 as amended

Case law
Tournier v National Provincial and Union Bank of England [1924]1 KB 461
Barclays Bank Plc v Taylor [1989] 1 WLR 1066
Attorney General v Guardian Newspapers Ltd (No.2) [1990] 1 AC 109
PWC v BCCI Holdings (Luxembourg) SA [1992] BCLC 583.

Read also the following cases

1. Arab Bank v Ross (1952) 2 Q.B. 216
2. Raphael & Anor v Bank of England (1855)17 C.B. 161
3. Whitaker v Bank of England (1835)149 E.R 1280
4. Ronse v Bradford Banking Co. Ltd (1894) A.C 586
5. Dukhiya v Standard Bank of South Africa Ltd (1959) E.A 958
6. Bank of New South Wales v Laing (1954) A.C 135
7. Baines v National Provincial Bank Ltd (1927)137 L.T. 631
8. Auchteron & Co v Midland Bank Ltd (1928) 2KB 294
9. Capital and Counties Bank Ltd v Gordon (1903) AC 240

5
 10. Boma Manufacturing Ltd v Canadian Imperial Bank of Commerce (1996) 203 NR 321 (SCC)
11. Lloyds Bank v Savoy (1933) A.C. 201
12. Laws v Rand (1857)140 E.R. 812
13. House Property Co. of London Ltd v London County & Westminster Bank (1920) A.C 683
14. Barclays Bank Ltd v W.J.Simms Son & Anor (1080) Q.B. 677
15. National Westminster Bank Ltd v Barclays Bank International & Anor (1975) Q.B 654
16. Simm v Anglo-American Telegraph Co. (1879) 5 QBD 188
17. Lloyds Bank Ltd v Chartered Bank of India, Australia & China (1929) 1 K.B. 40

Termination of the banker-customer relationship

1. Bank of Baroda v ASAA Mohamed [1999] Lloyd’s Rep. Bank 14

2. Das v Barclays Bank PLC [2006] EWHC 817
3. National Commercial Bank of Jamaica Ltd v Olint Corporation Ltd [2009] UKPC 16
4. Joachimson v Swiss Bank Corporation (1921)3 K.B 110
5. Prosperity Ltd v Lloyds Bank Ltd (1923) 39 TLR 372
6. Re Russian Commercial and Industrial Bank [1955]1 Ch D 148
7. Pettit v Novakovic [2007] BPIR 1643
8. Re London and Mediterranean Bank, Bolognesi’s case (1870) LR 5 Ch. App 567
9. National Westminster Bank Ltd v Halesowen Presswork Assemblies Ltd [1972] AC 785
10. Hollicourt (contracts0 Ltd (in liq.) v Bank of Ireland [2001] ChD 555

Other Cases

1. Wilson v Midland Bank Ltd (1961) The Reading Standard 13 October

2. Banex Ltd v Gold Trust Bank Ltd Civ. App. No.29 of 1993
3. Royal British Bank v Turquand (1856) 119 E.R 886
4. Farrow v Wilson (1869) L.R 54 CP 744
5. Graves v Cohen (1929)46 TLR 121
6. Wooley v Clark (1822) 5B & Ald 744
7. Boughton v Knight (1873) LR PD 64
8. Molton v Comroux (1849)4 Exch. 17
9. Imperial Loan Co. v Stone (1892) 1 Q.B. 599
10. Hart v O’Connor (1985)2 All ER 880
11. Re Rhodes (1890)44 Ch.D 94
12. In re Beavan, Davis, Banks Co. v Beavan (1912)1 Ch. 196
13. Scarth v National Provincial Bank Ltd (1930) 4 LBD 241
14. Drew v Nunn (1879) 4 ABD 661
15. In re Grays Inn Construction Co. (1980) 1 WLR 711
16. R.L.Levy (Holdings) Ltd. (1964) Ch. 19
17. Re Operator Control Cabs Ltd. (1990) 3 ALLER 657
18. Rogers v Whiteley (1898)A.C. 118
19. Hepenstall v Jackson, Barclays Bank Gamishees (1952)2 Q.B. 236
20. Choice Investiments Ltd v Jeromnimon, Midland Bank Ltd, Garnishee (1981) 1 ALLER 225
21. Hischom v Evans, Barclays Bank Ltd. Gamishees (1838)2 K.B. 801
22. Miller v Mynn (1859)28 L.J. Q.B. 324

6
23. Lancaster Motor Co.(London) Ltd v Bremith Ltd., (1914) 1 KB 675
24. Plunkett v Barclays Bank Ltd (1936) 2 K.B. 107

Electronic Banking

What is Electronic Banking

Legal and Institutional Framework for Electronic Banking

1. Specific Aspects of Electronic Banking

2. Banker-Customer Relationship
3. Internet Banking
4. Telephone/USSD Banking
5. Cards
6. Transfer of Money and Payments
7. Payments

Legislation
 See paragraphs 2, 4, 5, 6,& 8 of the Bank of Uganda Financial Consumer Protection
Guidelines of 2011
 See paragraphs 2, 4, 24, 26 of the Electronic Transactions Act, 2011 (s. 2,4,24,26)
 See section 6 of th Anti- Money Laundering Amendment Act of 2017
Cases
1. Esso Petroleum Company v Milton [1972] ALLER 593
2. Momm v Barclays Bank International [1977] QB 790
3. Tenax Steamship Co. Ltd v Brimnes (Owners of), [1975]1QB 929
4. Calico Printer’s Association v Barclays Bank Ltd (1931)36 Com.Cas.71
5. Wells v First National Commercial Bank [1998] PNLR 552
6. Tayeb v HSBC Bank Plc [2004]4 ALLER1024
7. In Royal Products Ltd v Midland Bank Ltd1981]2Lyoyd Rep. 194
8. Sutherland and Sutherland v. The Royal Bank of Scotland [1997] 6 Bank LR 162

Electronic money, crypto currencies and block chain

 E-money, what it is (Define it)

 Regulation and governance of e- money
 Electronic money transfers/mobile money in Uganda
 Block chain and crypto currencies

Islamic banking and agency banking

 Islamic banking business
 legal framework for Islamic banking in Uganda
 agency banking

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Payment systems
 National payment system
 key principles for payments
 payment instruments

Special customers and accounts of customers

 Principles Governing Special Banking Relationships
 Principles Governing Accounts of Customers and types of special accounts

Cases
1. African Continental Bank v Balogun 1969(1) ALR Comm 386
2. Wise v Perpetual Trustees (1903) A.C 139
3. Bradley Egg Farm Ltd v Clifford (2943) 2 AllER 378
4. Flemyng v Hector (1835-42) All ER Rep.463
5. Cutls & Co v Irish Exhibition in London (1891)7 T.L.R. 313
6. Abbolt v Treasury Solicitor (1969) 1 All ER 52
7. Ashbury Carriage Co v Riche (1875) LR 7 HL 653
8. Rolled Steel Products (Holdings) Ltd v British Steel Corporation (1986) Ch. 246
9. Re Introductions Ltd. v National Provincial Bank Ltd. (1970) Ch. 199
10. David Payne Case (1904) 2 Ch.608
11. Freeman & Lockyer v Buckhust Par Properties (Mangal) Ltd (1964) 2 Q.B. 480
12. The Loyal British Bank v Turquand 119 E.R 886
13. Charterbridge Ltd v Lloyds Bank (1970) Ch. 62
14. Bewac Ltd v African Continental Bank Ltd 1973(3) ALR Comm 352
15. S.J. Patel (Zambia) Ltd v Cinamon 1970(1) ALR Comm 260
16. Durham Fancy Goods Ltd v Michach Jackson (Fancy Goods) Ltd (1968) 2 Q.B 839
17. Hendson v Adelman (1973) 117 Sol JO 631
18. British Airways Board v Parish (1979) 2 Lloyds Rep 261.
19. Maxform SPA v Mariani & Goodville Ltd (1979)2 Lloyds 382
20. Atkins & Co v Wardle 5 TLR 734
21. Farhall v Farhall (1871)7 Ch. App. 123
22. Alliance Bank v Kearsley 1871 L.R. 6 C.P 433
23. Re Boume, Bourne v Bourne (1906) 2 Ch 427
24. In re Tillot (1892) 1 Ch 86
25. Ademiluyi v African Continental Bank Ltd. 1969 (3) ALR Comm 10
26. In re Marshifield (1886)32 Ch. D 499
27. Williams v Bankole 1966(2) ALR Comm 371
28. Blackburn Building Society v Cunliffe Brooks & Co. (1882)22 Ch. D61 See (1884)33 WR 309
29. Nottingham Permanent Benefiti Building Society v Thurstan (1903) A.C.B. 6
30. African Continental Bank v Kembi 1974(1) ALR Comm 282
31. Uganda Motors Ltd v Wavah Holdings Ltd Civil App No.12 or 1991
32. Coutts & Co v Brone-Lecky (1947) K.B. 104
33. ELLIS v ELLIS (1689) Comb 482
34. Earle v Peal (1712) 10 Mod 67

8
35. Marlow v Pitfeild (1719) 1 P WMS 558
36. Re National Permanent Benefit Society (1869) L.R Ch. App 309
37. Martin v Gall 1876 4 Ch D 422
38. McEvoy v Belfast Banking Co. Ltd (1935) A.C. 24
39. Hirschom v Evans (1938)2 K.B.801
40. Catlin v Cyprus Corporation (London)Ltd (1983)Q.B. 759
41. Marshall v Crutwell (1875) L.R. 20 Eq. 328
42. Williams v Davis 10 L.T. 583
43. Husband v Davis (1851)10 C.B. 645
44. Hall v Hall (1911) 1 Ch. 487
45. Re Bishop, National Provincial Bank v Bishop (1965) Ch. 450
46. Jackson v White & Midland Bank Ltd (1967) 2 Lloyd’s Rep. 68
47. Onyechi v National Bank of Nigeria Ltd 1977(1) ALR Comm 83
48. Ashnbiojo v African Continental Bank Ltd 1966(2) ALR Comm 78
49. Ayuba v Ogunleye & Anor. Bank of West Africa Gamishe 1970(2)ALR Comm 21
50. Robinson v Midland Bank Ltd (1924) 41 TLR 17
51. United Nigeria Insurance Co v Muslim Bank of West Africa 1972 (2) ALR Comm 8
52. Lloyds Bank v E.B. Savoy (1933) A.C 201
53. Tumer London & Provincial Bank Ltd (1903)2 LDB 33
54. Hampstead Guardians v Barclays Bank Ltd (1903)39 T.L.R 229
55. Harding v London Joint Stock Bank Ltd (1914) 3 LDB 81
56. Marfani & Co.Ltd v Midland Bank Ltd (1968) 1 WLR 958
57. Motor Traders Guarantee Corporation Ltd v Midland Bank Ltd (1937) 4 All E.R 90
58. Nu Stilo Footwear Ltd v Lloyds BNK Ltd (1956) 7 LDB 121
59. Attorney General of Northern Nigeria v African Continental Bank Ltd 1964 (1) ALR Comm
232
60. African Continental Bank v A-G of Northern Nigeria 1967 (1) ALR Comm 108
61. African Continental Bank Ltd v Babyemi & Anor 1970(1) ALR Comm 326
62. Odumasu v African Continental Bank 1976 (1) ALR Comm 53
63. Delain v Okapo & Anor 1967 (1) ALR Comm 200
64. Merchant Bank Ltd Onigbanjo 1969(1) ALR Comm 273
65. Youvall v Hibernian Bank Ltd (1918) A.C 372
66. National Bank of Nigeria Ltd v Maxaja 1967(2) ALR Comm 327
67. African Continental Bank Ltd v Yesufu 1977(1) ALR Comm 212
68. National Bank Ltd v Peters 1971(1) ALR Comm 263
69. Enhoro & Co .Ltd v Bank of West Africa Ltd 1971(1) AR Comm 180
70. Chatlerton v London & County Banking Co (1890) The Miller 5th May 1890
71. Kepitingalla Rubber Estates V National Bank of India (1909) 2 K.B 1010
72. Tai Hing Cotton Mill Ltd v Liu Chong Hing Bank Ltd & Ors (1986) A.C 80
73. Holland V Manchester and Liverpool District Banking Co. (1909) 25 T.L.R 386
74. Llodys Bank Ltd v Brooks (1950) 72 JIB 114
75. British and North European Bank v Zalzstein (1972) 2 K.B. 92
76. R v Ezeklele 1967(3) ALR Comm 10
77. Ayuba v Oguleye 1970(2) ALR Comm 21
78. Devaynes v Noble, (layton’s Case) (1816)1 Mer 527
79. Deeley v Lloyds Bank Ltd (1912) A.C 756
80. Mohamed Osman Hamra v Sudan Commercial Bank 1967 (1) ALR Comm 389
81. The Mecca (1897) A.C 286

9
 82. Greenlagh & Sons v Union Bank of Manchester (1924) 2 K.B. 153
83. Re Halletts Estate, Knatchbull v Hallett (1880) 13 Ch.D 696
84. Re Yeovil Glove Co. Ltd (1965) Ch. 148
85. Bradford Old Bank v Sutchiff (1918) 2 K.B.833
86. Re E.J. Morel 1934 Ltd (1962) 1 Ch. 21
87. Royal Bank of Scotland v Christine 8 E.R 84
88. Mohammed Osman Hamra v Sudan Commercial Bank 1967 (1) ALR Comm 389

Combining accounts
1. Legal Meaning of Combination of Accounts
2. When Accounts May be Combined
3. Combination of Accounts and Insolvency
4. Combination of accounts in customer’s interest

Case law
1. Obed Tashobya V. DFCU Bank Ltd HCCC No. 742/2004
2. Halesowen Presswork and Assemblies Ltd v Westminster Bank Ltd. (1970)3 WLR 625
3. Westminster Bank v Halesowen Press work & Assemblies Ltd. (1972)2 WLR 45
4. Greelalgh & Sons v Union Bank of Manchester (1924)2 K.B. 153
5. British & French Bank Ltd v Opelaye (1962) 1 All NLR (part 1) 26
6. Garnet v Mckewan (1872) LR 8 Exch. 10, (1868-73) All E.R. Rep. 686

Wrongful dishonour of cheques

Bank’s duty to pay cheques
Bank’s liability for wrongful payment and available defenses: statutory law; common law and equity
Customer’s remedies for wrongful dishonor

Cases
1. Indechemists Ltd. v National Bank of Nigeria 1976(1) ALR Com 83
2. Onyeki v National of Nigeria 1977(1) ALR Comm 83
3. Gibbons v Westminster Bank Ltd (1939) 2 K.B. 882
4. Baker v Australia & New Zealand Bank Ltd (1958) NLR 907
5. Oye Wole v Standard Bank of West Africa Ltd 1968(2)n ALR Com 111
6. Bank of New South Wales v Milvain (1884) 10 VLR (Cases)3
7. Patel v National & Grindlays Bank Ltd 1968(3) ALR Comm 249
8. Balogun v National of Nigeria Ltd 1978(1) ALR Comm 102
9. Rolin v Steward 139 E.R 245
10. Evans v London & Provincial Bank (1917)3 LDB 152
11. Coker v Standard Bank of Nigeria 1976(1) ALR Com 174
12. Soorasra v Standard Bank of South Africa (1953) 7 U.L.R 41
13. Salem Bin Kassim v Barclays Bank D.C.O. Civil Appeal No.37 of 1967 Unreported.
14. Addis v Gramaphone (1909) A.C.
15. In re Wilkinson (1922) 1 K.B. 584
16. Marzett v Williams (1824-34) All ER Rep. 150
17. Davidson v Barclays Bank Ltd (1940)56 TLR 343
18. Patel v Dhanji Nanji (1960) E.A. 410
19. GORINDA UKEDA Dogra v Barclays Bank Ltd (1974) E.A 541

10
 20. Flach v London & South-Western Bank (1915) 31 T.L.R. 334
21. Plunkett v Barclays Bank Ltd. (1936) 2 K.B. 107
22. London Joint Stock Bank v MacMillan & Anor (1918) A.C. 777
23. Sim v Stretch (1936)2 All ER 316
24. Pyke v Hibemian Bank (1950) 1R 195
25. Jayson v Midland Bank (1968) 1 Lloydd’s Rep. 907
26. Osawaye v National Bank of Nigeria Ltd. 1973(3) ALR Comm 16

Limitation of actions
Cases
1. National Bank v Peters 1971(1) ALR Comm 262
2. Joachimson v Swiss Bank Corp. (1921)2 KB 110
3. Douglass v Lloyds Bank Ltd (1929)34 Commas 263
4. African Continental Bank Ltd v Chim & Bros & Sons 1975(2) ALR Comm 298
5. Johnson v Odeku 1967(3) ALR Comm 282
6. In Parr’s Banking Co. Ltd v Yates (1898) 2 QB 460

Cheques and other documents to enable a person to obtain payment

 Definition and attributes of a cheque
 Cheque as a negotiable instrument

Cases
1. Bank of England v Vagaliano Bros. (1891) A.C. 107
2. African Overseas Trading Co. v Bhagwany Hirjiwan (1960) E.A. 419
3. Orbit Mining Co. v Westminster Bank Ltd (1963) QB 794
4. Thairwall v Great Northern Rly Co. (1910)2 K.B. 509
5. Bovins Jnr & Sims v London & South Western Bank (1899)81 L.T 655
6. London City & Midland Bank Ltd v Gordon (1903)A..C. 240
7. Marpleh v Liberia 1972(1) ALR Comm 242
8. Clutton v Attenborough & Sons (1897) A.C 90
9. Vinden v Hunghes (1905) 1 K.B. 795
10. North & South Wales Bank v Macbeth (1908) A.C. 137
11. Khan Stores v Delawer (1959) E.A. 714
12. North & South Insurance Corp v National Provincial Bank (1936) 1 KB 328
13. Core v Milsome (1951) 1 ALL E.R. 311, (1951) 1 ALLER 311
14. R v Randal (18N) Russ & RY 195
15. Chamberlain v Young & Trower (1893) 2 QB 206
16. Hodgson & Lee Pty Ltd v Mardonius Pty Ltd. (1896)5 NSWLR 496
17. Thaker Singh (Electrician) & Sons v Quarbanlite Ltd. 1978(2) ALR Comm 324
18. Jetha Ismail Ltd v Somani Bros (1960) E.A. 26
19. Emile Habib Bateekha v Rosen Alam Eddin 1970 (1) ALR 205
20. Nanji Khodabhai v Sohan Singh & Anor (1957) E.A 291
21. Lombard Banking Ltd v Ghandhi & Anor (1965) E.A 12
22. Abdul Aziz v Pioneer Agencies Ltd (1975) E.A 479
23. Mirghani Shebeika v Mohammed Ahamed 1972 (1) ALR Comm 346
24. Ingyengierfaka v Giodom

11
 25. Multi-Holdings Ltd & Anor v U.C.B. (No.2) 1971 (1) ALR Comm 219

CROSSED CHEQUES-4 hours

- Execution of a crossing and its effect
Cases
1. Ladipo v Standard Bank of West Africa Ltd 1968(3) ALR Comm 291
2. Abimbola v Bank of America & Anor 1977(2) ALR Comm 139
3. Philsam Investments (Private) Ltd v Beverley Building Society 1977(2) ALR Comm 338
4. Dungarrin Trust (pty) Ltd. v Import Refrigeration (pty) Co. Ltd (1971)4 S.A 300
5. House Property Co. of London Ltd. v London County & Westminster Bank Ltd 31 TLR 479
6. Importers Co. Ltd. v Westminster Bank Ltd. (1927)2 KB 297
7. Rhoster (Pvt) Ltd v Netherlands Bank of Rhodesia Ltd (1972) 1 RLR 36
8. National Bank v Silke (1891)1 QB 435
9. Magecha v Malinda & Anor 1974(3) ALR Comm 241
10. Banea Singh v Chint Kurs Singh 1966(2) ALR Comm 215
11. Macdonald & Co v Nash & Co (1924)A.C. 625
12. Leadbither v Farrow 1816 5 M & S 345
13. Rolfe Lubell & Co v Keith & Anor (1979) 1 ALLER 927
14. Bodina Ltd v Rollaway Shower Ltd (1986)1 ALLER 564
15. Arab Bank v Ross (1952)2 Q.B 216
16. Wakefield v Alexander (1901)17 TLR 217

General consideration of cheques

 The Holder’s duties in respect of cheques
 Presenting a cheque for payment

Case law
1. Auto Garage Ltd & Ors v Motokov 1972(1) ALR Comm 17
2. Esso Standard (Nig) Ltd v Akabi 1970(2) ALR Comm 1
3. Arab Bank Ltd v Ross (1952)2 Q.B 216
4. Brown v Davis (1789)3 T.R 80
5. RE Jones Ltd v Waring & Gillow (1926)A.C 670
6. N.S Rawal v Rathan Singh & Anor (1956)29 KLR 98
7. Metalimpex v A.G. Leventis & Co (Nig) Ltd 1976 (1) ALR Comm 20
8. Crears v Hunter (1887) 19 Q.B.D 431
9. Patel Brothers v Hasmani (1952) 19 EACA 170
10. Oliver v Davis (1949)2 K.B. 727
11. Hanson v Wilson (1977) 1 Lloyds Rep. 431
12. Lombard Banking Ltd. v Ghandhi & Anor 1964 (1 ALR Comm 139
13. Olubimo v Humber Fixed Odds Ltd 1974(3) ALR Comm 49
14. Hassanali Iss & Co v Jera, Produce Store 1967(2) ALR Comm 64
15. Adib El Hinnawi v Yacoub Fahkmi Abu El Huda Farugu (1936) 1 ALLER 638
16. Lloyd’s Bank Ltd v Hornby (1933)54 JIB 372
17. Nwokorie v Nwaneri 1967(1) ALLR Comm 173
18. Sirley v Tanganyika Tegry Plastics Ltd 1968(1) ALR Comm 373
19. Nanalal Vrajdas v Chunilah Dhanji Mehta (1946)13 EACA 58
20. Motor and General Insurance Co. Ltd v Olunaike 1968(2) ALR Comm 301

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21. Diab v Quansah 1973(3) ALR ALR Comm 256
22. Tatam v Haslar (1889)2 Q.B 345
23. Talbot v Von Boris (1911) 1 K.B. 854
24. Patel v Makanj (1957) E.A 314
25. Measurewear v Barclays Bank International Ltd 1979(2) ALR Comm 133
26. Dresdner Bank A.G. v Sango Bay Estates Ltd (No.4) (1971) E.A. 409
27. Sterling Products (Nig) Ltd v Dinkpa 1975(2) ALR Comm 75
28. Inspector Plastics Mould Ltd v Atico Ltd 1967(3) ALR Comm 256
29. Esso Standard Ltd v Uganda Commercial Bank Civ. App. No. 14/1992
30. Gorind Ukeda Patel v Dhangi Nanji, (1960) E.A 410
31. Dhaneshwer Vajeshanker Metha v Doka Fatuhnal (1951)18 EACE 126
32. Nanji Khodabhjai v Sohan Singh (1957) E.A 291
33. Raichura v Uganda Chemists Ltd (1956) Unreported EACA Civ App 61/56
34. Overman v Rahentulla (1930) 12 KLR 131
35. Koch v Dicks (1933) 1 K.B. 307
36. Fakhri Stores Ltd v London Confirmers Ltd 1965 ALR Comm 154, (1965) E.A. 159
37. National Bank of Commerce v Allidina 1968(3) ALR Comm 270; (12969) E.A 89
38. Barclays Bank International Ltd v Acif Ltd 1973(2) ALR Comm 280, (1974) E.A 37
39. Keptigalla Rubber Estates v National Bank of India (1909)E K.B. 1010
40. Greenwood v Martins Bank Ltd (1932) 1 K.B. 371

RESOLUTION OF BANKS
Measures to ensure stability of financial institutions

1) Corrective actions under the Financial Institutions Act

2) Placing a Financial Institution in Receivership

Case law
a) Crane Bank (in Receivership) v Sudhir Ruparelia and Meera Investments no.0493
of 2017
b) Sudhir Ruparelia and Meera Investments v Crane Bank (in Receivership) Msc.App.
No. 320 0f 2019
c) Crane Bank (in Receivership) v Sudhir Ruparelia and Meera Investments Civil
App. No.252 of 2019

3) Liquidation and Winding up

4) Depositor Protection
5) Measures to address the Impact of Covid 19 on Financial Institutions

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