By our reporter
Bank of Uganda has hired Sebalu Lule and Co. Advocates as its official external lawyers replacing Timothy Masembe Kanyerezi of MMAKS Advocates and David Mpanga of FK Mpanga and Company Advocates.
The law firm was handed a multi million contract on Thursday and immediately assumed duties of representing the Central Bank.
It is not clear why Masembe and Mpanga were sent packing but BoU and the firm developed a cold relationship after confidential documents detailing account particulars of the former clients of Crane Bank leaked.
The relationship deteriorated further late last year during the Crane Bank case when businessman and former owner of the defunct commercial bank Sudhir Ruparelia accused Masembe and Mpanga, of conflict of interest since they previously represented Crane Bank.
In his application, Mr Sudhir stated that the two lawyers are witnesses in his defence and therefore are not qualified to represent Crane Bank (liquidated), which has sued him.
Mr. Sudhir wanted the lawyers disqualified from the case. He contended that if the two law firms are allowed to handle the case, it will be breach of trust since they are already privy to information that can prejudice the trial.