"The Thucydides Trap is a political theory stating that when a rising power threatens to displace an established ruling hegemon, the structural stress makes a violent clash—or war—the likely outcome."
Court stops bank auction of matrimonial home over spousal consent.
The judge added that the sentimental and emotional attachment the applicant has towards the property cannot be adequately compensated through damages #MonitorUpdates https://t.co/pHYQ9QQq1N
The justice for the borrower in this case should be public. A bank claims UGX 759,432,500 from a loan of UGX 60m, of which it admits recovery of UGX 56m in addition to selling the borrower's land at UGX 15m. Should a borrower pay back 14 times the loan amount? NO!
Paragraph e is the monster in the room. It means the loan accumulated interest at 120% per annum since 2015. 11 years later, interest has accumulated at 1200%
An individual borrowed UGX 60m. The bank says that he only paid back UGX 56m. It also admits recovering an additional UGX 15m from selling his land. Shamelessly, it has filed a case for UGX 759,432,500, which is approximately 14 times the loan amount of 60m.