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Rwanda decisions
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The Supreme Court partly allowed review, ordering deregistration and re-registration of the disputed property to enable mortgage registration, but refused an order for any undetermined loan balance.
The Supreme Court partly allowed the appeal, upheld joint liability, but reduced the debt by disallowing some continued interest and unexplained debits.
The Supreme Court held that contractual and statutory rules allowed interest to accrue on unpaid interest, and ordered the sureties to pay the remaining debt.
The Commercial High Court dismissed an appeal over loan repayment terms, holding the revised schedule started in July 2010 and no interest was due on the guarantee deposit.
GT BANK breached its professional duty by paying to an incorrect account, causing applicant to pay twice. Both GT BANK and Uzabumwana are jointly liable to refund the sums and pay damages, but applicants are not fully relieved from interest as they contributed to the loss. Collateral was not registered, so bank is not liable for failure to pursue it.
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