Economic and social perspectives of corporate insolvency law in Uganda: The recent collapse of Crane Bank (Uganda) and the response to the 2007-2008 global economic crisis

This treatise analyses Uganda’s current insolvency laws, rescue processes and their priorities adopted by the Government, in safeguarding the financial stability of companies and financial institutions during corporate insolvency as a response to the financial /economic crisis of 2007 – 2008. The treatise analyses the historical evolution of Uganda’s company law and insolvency law to date and attempts made by both the State and other actors within the financial system to streamline the country’s insolvency system. The treatise analyses the policy objectives behind the enactment of the insolvency Act 2011 and its impact on the social and economic imperatives on Uganda’s economy. The treatise discusses the recent collapse of banks and financial institutions as a result of corporate insolvency. Particularly, the treatise analyses the recent collapse of Crane Bank Uganda and lessons learned. The treatise concluded by analysing the provisions for devising an efficient insolvency model.