{"id":64486,"date":"2024-01-10T17:40:37","date_gmt":"2024-01-10T17:40:37","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/?p=64486"},"modified":"2024-01-10T16:35:45","modified_gmt":"2024-01-10T16:35:45","slug":"uk-supreme-court-refuses-to-stop-crane-banks-lawsuit-against-dfcu-bank-shareholders","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/uk-supreme-court-refuses-to-stop-crane-banks-lawsuit-against-dfcu-bank-shareholders","title":{"rendered":"UK Supreme Court refuses to stop Crane Bank\u2019s lawsuit against Dfcu bank shareholders"},"content":{"rendered":"

Africa-Press – Uganda. <\/strong><\/span>The Supreme Court of the United Kingdom has ruled that the lawsuit filed in London by Crane Bank Limited against Dfcu Bank and its shareholders should be heard on its merits.<\/b><\/p>\n

Dfcu Bank and its shareholders had asked the UK court to find that it did not have jurisdiction to hear the lawsuit that arose from its purchase and takeover of Crane Bank. They had appealed to the Supreme Court after the UK\u2019s Court of Appeal rejected the argument.<\/p>\n

In a unanimous ruling, three justices; David Lloyd Jones, George Andrew Midsomer Leggatt, and Andrew Stephen Burrows dismissed Dfcu bank\u2019s appeal against the lower court\u2019s decision of July 26, 2023.<\/p>\n

\u201cAfter consideration of the applications filed on behalf of the appellants seeking permission to appeal, the order made by the Court of Appeal on 26th July 2023 and of the notices of objection filed by the respondents, permission to appeal be refused because the applications do not raise an arguable point of law which the court should consider at this time,\u201d the Supreme Court ruled.<\/p>\n

Dfcu Bank has also been ordered to pay costs of the applications.<\/p>\n

The implication of the decision is that the UK High Court can now hear the original case in which Crane Bank alleges fraudulent actions and a conspiracy in the acquisition of its assets from Bank of Uganda.<\/p>\n

Crane Bank Limited was, until 2016, one of Uganda\u2019s largest commercial banks. However, the Central Bank, in exercise of its statutory and regulatory powers, took over its management, closed it and sold off some of its assets and liabilities to Dfcu Bank. BoU said that Crane Bank was undercapitalised and posed a huge risk to its depositors.<\/p>\n

After several lawsuits against the Central Bank in Ugandan courts, the long-running legal dispute is now headed for a new chapter, this time in London courts, targeting Dfcu directors and major shareholders.<\/p>\n

For More News And Analysis About Uganda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Uganda. The Supreme Court of the United Kingdom has ruled that the lawsuit filed in London by Crane Bank Limited against Dfcu Bank and its shareholders should be heard on its merits. Dfcu Bank and its shareholders had asked the UK court to find that it did not have jurisdiction to hear the […]<\/p>\n","protected":false},"author":84,"featured_media":64485,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7],"tags":[233,240,234],"class_list":["post-64486","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"\nUK Supreme Court refuses to stop Crane Bank\u2019s lawsuit against Dfcu bank shareholders - Uganda<\/title>\n<meta name=\"description\" content=\"The Supreme Court of the United Kingdom has ruled that the lawsuit filed in London by Crane Bank Limited against Dfcu ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/uganda\/all-news\/uk-supreme-court-refuses-to-stop-crane-banks-lawsuit-against-dfcu-bank-shareholders\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UK Supreme Court refuses to stop Crane Bank\u2019s lawsuit against Dfcu bank shareholders\" \/>\n<meta property=\"og:description\" content=\"The Supreme Court of the United Kingdom has ruled that the lawsuit filed in London by Crane Bank Limited against Dfcu ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/uganda\/all-news\/uk-supreme-court-refuses-to-stop-crane-banks-lawsuit-against-dfcu-bank-shareholders\" \/>\n<meta property=\"og:site_name\" content=\"Uganda\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-10T17:40:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2024\/01\/sm_1704891797.598211.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/uk-supreme-court-refuses-to-stop-crane-banks-lawsuit-against-dfcu-bank-shareholders#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/uk-supreme-court-refuses-to-stop-crane-banks-lawsuit-against-dfcu-bank-shareholders\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"UK Supreme Court refuses to stop Crane Bank\u2019s lawsuit against Dfcu bank shareholders\",\"datePublished\":\"2024-01-10T17:40:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/uk-supreme-court-refuses-to-stop-crane-banks-lawsuit-against-dfcu-bank-shareholders\"},\"wordCount\":338,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/uk-supreme-court-refuses-to-stop-crane-banks-lawsuit-against-dfcu-bank-shareholders#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2024\/01\/sm_1704891797.598211.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Uganda\",\"uganda\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/uk-supreme-court-refuses-to-stop-crane-banks-lawsuit-against-dfcu-bank-shareholders#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/uk-supreme-court-refuses-to-stop-crane-banks-lawsuit-against-dfcu-bank-shareholders\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/uk-supreme-court-refuses-to-stop-crane-banks-lawsuit-against-dfcu-bank-shareholders\",\"name\":\"UK Supreme Court refuses to stop Crane Bank\u2019s lawsuit against Dfcu bank shareholders - Uganda\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/uk-supreme-court-refuses-to-stop-crane-banks-lawsuit-against-dfcu-bank-shareholders#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/uk-supreme-court-refuses-to-stop-crane-banks-lawsuit-against-dfcu-bank-shareholders#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2024\/01\/sm_1704891797.598211.jpg\",\"datePublished\":\"2024-01-10T17:40:37+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"The Supreme Court of the United Kingdom has ruled that the lawsuit filed in London by Crane Bank Limited against Dfcu ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/uk-supreme-court-refuses-to-stop-crane-banks-lawsuit-against-dfcu-bank-shareholders#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/uk-supreme-court-refuses-to-stop-crane-banks-lawsuit-against-dfcu-bank-shareholders\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/uk-supreme-court-refuses-to-stop-crane-banks-lawsuit-against-dfcu-bank-shareholders#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2024\/01\/sm_1704891797.598211.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2024\/01\/sm_1704891797.598211.jpg\",\"width\":960,\"height\":480,\"caption\":\"UK Supreme Court refuses to stop Crane Bank\u2019s lawsuit against Dfcu bank shareholders\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/uk-supreme-court-refuses-to-stop-crane-banks-lawsuit-against-dfcu-bank-shareholders#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/uganda\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"UK Supreme Court refuses to stop Crane Bank\u2019s lawsuit against Dfcu bank shareholders\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#website\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/\",\"name\":\"Uganda\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/uganda\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"UK Supreme Court refuses to stop Crane Bank\u2019s lawsuit against Dfcu bank shareholders - Uganda","description":"The Supreme Court of the United Kingdom has ruled that the lawsuit filed in London by Crane Bank Limited against Dfcu ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/uganda\/all-news\/uk-supreme-court-refuses-to-stop-crane-banks-lawsuit-against-dfcu-bank-shareholders","og_locale":"en_US","og_type":"article","og_title":"UK Supreme Court refuses to stop Crane Bank\u2019s lawsuit against Dfcu bank shareholders","og_description":"The Supreme Court of the United Kingdom has ruled that the lawsuit filed in London by Crane Bank Limited against Dfcu ...","og_url":"https:\/\/www.africa-press.net\/uganda\/all-news\/uk-supreme-court-refuses-to-stop-crane-banks-lawsuit-against-dfcu-bank-shareholders","og_site_name":"Uganda","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2024-01-10T17:40:37+00:00","og_image":[{"width":960,"height":480,"url":"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2024\/01\/sm_1704891797.598211.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/uk-supreme-court-refuses-to-stop-crane-banks-lawsuit-against-dfcu-bank-shareholders#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/uk-supreme-court-refuses-to-stop-crane-banks-lawsuit-against-dfcu-bank-shareholders"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"UK Supreme Court refuses to stop Crane Bank\u2019s lawsuit against Dfcu bank shareholders","datePublished":"2024-01-10T17:40:37+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/uk-supreme-court-refuses-to-stop-crane-banks-lawsuit-against-dfcu-bank-shareholders"},"wordCount":338,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/uk-supreme-court-refuses-to-stop-crane-banks-lawsuit-against-dfcu-bank-shareholders#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2024\/01\/sm_1704891797.598211.jpg","keywords":["Africa Press","Africa Press-Uganda","uganda"],"articleSection":["all news","economy","head lines"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/uganda\/all-news\/uk-supreme-court-refuses-to-stop-crane-banks-lawsuit-against-dfcu-bank-shareholders#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/uk-supreme-court-refuses-to-stop-crane-banks-lawsuit-against-dfcu-bank-shareholders","url":"https:\/\/www.africa-press.net\/uganda\/all-news\/uk-supreme-court-refuses-to-stop-crane-banks-lawsuit-against-dfcu-bank-shareholders","name":"UK Supreme Court refuses to stop Crane Bank\u2019s lawsuit against Dfcu bank shareholders - Uganda","isPartOf":{"@id":"https:\/\/www.africa-press.net\/uganda\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/uk-supreme-court-refuses-to-stop-crane-banks-lawsuit-against-dfcu-bank-shareholders#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/uk-supreme-court-refuses-to-stop-crane-banks-lawsuit-against-dfcu-bank-shareholders#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2024\/01\/sm_1704891797.598211.jpg","datePublished":"2024-01-10T17:40:37+00:00","author":{"@id":"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"The Supreme Court of the United Kingdom has ruled that the lawsuit filed in London by Crane Bank Limited against Dfcu ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/uk-supreme-court-refuses-to-stop-crane-banks-lawsuit-against-dfcu-bank-shareholders#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/uganda\/all-news\/uk-supreme-court-refuses-to-stop-crane-banks-lawsuit-against-dfcu-bank-shareholders"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/uk-supreme-court-refuses-to-stop-crane-banks-lawsuit-against-dfcu-bank-shareholders#primaryimage","url":"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2024\/01\/sm_1704891797.598211.jpg","contentUrl":"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2024\/01\/sm_1704891797.598211.jpg","width":960,"height":480,"caption":"UK Supreme Court refuses to stop Crane Bank\u2019s lawsuit against Dfcu bank shareholders"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/uk-supreme-court-refuses-to-stop-crane-banks-lawsuit-against-dfcu-bank-shareholders#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/uganda\/"},{"@type":"ListItem","position":2,"name":"UK Supreme Court refuses to stop Crane Bank\u2019s lawsuit against Dfcu bank shareholders"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/uganda\/#website","url":"https:\/\/www.africa-press.net\/uganda\/","name":"Uganda","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/uganda\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/posts\/64486","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/comments?post=64486"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/posts\/64486\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/media\/64485"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/media?parent=64486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/categories?post=64486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/tags?post=64486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}