High Court has ordered that properties owned by business associates of Abu Mukasa be auctioned to raise Shs1 billion legal fees to Kampala Associated Advocates.
Kampala Associated Advocates represented Abu Mukasa and his business associates. This money was accrued after the failure to pay legal fees to the KAA that represented them in the court case to which they lost.
In a ruling issued by the Commercial Division of the High Court, Kampala Associated Advocates (KAA) was given authority to auction the properties owned by businessman Abu Mukasa and his close associate Ahmed Darwish Dagher Darwish Al Marar.
“Notice is hereby given that in pursuance of an order for sale in satisfaction of the decree in the above suit, sale by public auction will be held by Robert Mugabe of C/o M/S Property and Assets Recovery at Plot 42, Kampala Road, P.O Box 22716, “reads the ruling that was issued by the Deputy Registrar of the High Court. Eagle Online has learnt that another city law firm is demanding Shs500 million as legal fees for representing them in court as well.
The amount to be realised in the sale is Shs968, 696, 268, adds the court ruling.
The court ruling indicated that: “The subject of the sale is all or any of the respondents 99 shares in Emirates Africa Link Real Estate Limited, 99 shares in Aberdeen Real Estate Limited, and 20 shares in Magma International Limited. The shares will be put in one lot or such lots as the officer or other person conducting the sale shall determine”
Payment in full shall be made in cash or bank draft upon notification to the winning or highest bidder. If the above debt is satisfied before knocking down any lot, the sale shall be stopped, reads the Court ruling as one of the conditions of auction.
“If upon knocking down of any lot, the decree is satisfied, the sale shall be stopped. For reasons recorded, it shall be the discretion of the officer conducting the sale to adjourn it subject to rule 65 of Order XX11 of the Civil Procedure Rules, “concludes the ruling.
High Court Judge Anna B. Mugyenyi has ordered a city businessman Abu Mukasa and his business associates to refund $41,472,820(about Shs155b) to Ashafi Investments Group after it ruled that the businessman and his cohorts issued bounced cheques to the company.
In her ruling, Justice Mugyenyi of the Commercial Division of the High Court, ruled that the defendant did not adduce any evidence to prove that he had delivered the certificates of title in respect of the lease agreements to the plaintiff.