URSB HOSTS INSOLVENCY LAW TRAINING FOR JUDICIAL OFFICERS TO ENHANCE EASIER RESOLUTION OF INSOLVENCY DISPUTES
By Khasacha Mwene
The Uganda Registration Services Bureau (URSB) under their Insolvency and Receivership mandate on Monday May 3, 2021 unveiled a week-long training for Judicial Officers. The training was officially opened by the Principal Judge, Justice Dr. Flavian Zeija and addressed by URSB Registrar General, Ms. Mercy Kainobwisho.
The training workshop that is being held at Speke Resort Munyonyo from Monday May 3, 2021 to Friday May 7, 2021 will be facilitated by top members of the Judiciary including Justice Geoffrey Kiryabwire, Justice Musa Sekaana, Justice Patricia Basaza-Wasswa, Justice Alastair Norris and Justice Damalie Lwanga, the Executive Director of the Judicial Training Institute.
During his welcome remarks, Justice Zeija reminded participants that the training was not meant to reinvent the wheel but rather to support the judges in their role as dispensers of law especially on the insolvency practice in the era of COVID-19 that is seeing a number of businesses and individuals at the edge of being declared insolvent as result of the impact of the pandemic.
“It is our responsibility as the Judiciary to hear all insolvency matters. But, this, we can only do with sufficient knowledge on the practice. The training being offered by URSB is timely and I ask that we participate keenly in order for us to be able to make decisions considered fit under the Insolvency law,” Justice Zeija told the participants.
The focus of the training is to improve the quality and accuracy of court documents on insolvency and to achieve this, participants are heavily engaged in enlightening sessions over the next 5 days.
Emphasis is being placed on the salient features of Insolvency Law in Uganda, the roles of Judicial Officers in preservation of value of the Insolvent Estate, countering abuse of Insolvency Processes, open discussions on the challenges facing Judicial Officers in resolving insolvency disputes and communication and cooperation in cross border insolvency, as well as experiences and best practices.
Ms. Kainobwisho, who is also the Official Receiver, said the training is timely since the COVID-19 pandemic had threatened the existence of businesses.
“It is our role to establish a fair insolvency system which strengthens the business sector by offering confidence to investors and the public to make viable decisions that support economic growth. As URSB, our focus is on rescuing insolvent companies and individuals by encouraging them to adopt business rescue mechanisms,” said Ms. Kainobwisho.
URSB is mandated, among others, to register businesses, marriages, Intellectual Property, administer insolvent companies and run the Security Interest in Movable Property Registry System (SIMPO). The Minister of Justice and Constitutional Affairs, Prof. Ephraim Kamuntu will deliver the closing remarks on Friday as the training comes to a close.(For comments on this story, call, text or whatsapp us on 0705579994, 0779411734, 0200900416 or email us at email@example.com).