Kanyeihamba sues investor over shs300million debt
Posted Wednesday, July 2 2014 at 11:47
Retired Ugandan Supreme Court judge, Prof George William Kanyeihamba has gone to court seeking recovery of shs300 million from one of his tenants, Mr Kong Yue, a Chinese investor.
In a civil suit No.350 of 2014 filed before the Land Division of the High Court in Kampala, Prof Kanyeihamba (Plaintiff) claims that on February 18, 2014, he entered into a tenancy agreement with the defendant (Mr Yue) to rent his residential house at Plot No.30B1, Lugard Road, Entebbe for purposes of using it for a hotel business.
Through his lawyers, Messrs G.W. Kanyeihamba & Co. Advocates, Prof Kanyeihamba alleges that the defendant unilaterally converted the premises from residential to commercial property, contrary to the tenancy agreement without his permission.
Prof Kanyeihamba further claims that he notified Mr Yue of his breach of contract on May 13, 2014 but in vain. Subsequently, he proposed to revise the rent through an addendum agreement but the defendant allegedly declined to sign the same.
In the suit, Prof Kanyeihamba contends that the defendant breached contract leading to a total loss of value of his (Prof Kanyeihamba) property to the tune of shs300, 000,000 and therefore wants court to grant him compensation in the sum.
In addition to payment of general damages for breach of contract and costs of the suit, Prof Kanyeihamba wants court to order the defendant to cease to engage in Hotel and restaurant business. Court is yet to fix the hearing date for the case.