City socialite Brian Kirumira, otherwise called has been requested to pay more than Shs566m to money manager Alex Binyenda as the remarkable equilibrium for the acquisition of a Mercedes Benz.
Equity Jeanne Rwakakooko of the Commercial Court, in her judgment, yesterday said the Shs566m remuneration will draw in a six percent interest from May 22, 2018 to the judgment date.
“The respondent (Brian White) having conceded that there is undoubtedly an equilibrium on the price tag of $160,000, the offended party (Mr Binyenda) is, hence, qualified for the amount of $160,000, being the surplus of the price tag of the suit engine vehicle bought by the litigant. Interest will likewise be permitted,” Justice Rwakakooko governed yesterday.
The matter emerged in 2018 when Mr Binyenda through his legal advisors of Wameli and Company Advocates sued Brian White in a bid to recuperate his extraordinary equilibrium. Court reports show that in April 2018, Brian White moved toward Mr Binyenda and communicated interest in purchasing the vehicle.
Accordingly, the team went into exchanges and they concurred that Brian White pays $260,000 (about Shs951m). Brian White set aside a first installment of $100,000 (about Shs366m) to the financial specialist..
Court records additionally showed that Mr Binyenda continued requesting for his extraordinary equilibrium yet Brian White didn’t agree and crawled under a rock. The socialite was just found after the finance manager revealed a case to police.
Equity Rwakakooko additionally excused Brian White’s counterclaim that police mentioned him to reclaim the contested engine vehicle.
“The respondent agreed to purchase the said vehicle with the aim to be bound and, subsequently, it is assumed that since the subtleties of the suit vehicle are unmistakably spread out in the log book, the litigant (Brian White) ought to have observed something very similar before the said buy instead of after the buy was made as claimed,” Justice Rwakakooko noticed.