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High Court Commercial Division

The Commercial Court was officially inaugurated on 15th September, 1999. The Government of Tanzania endorsed the recommendations in 1997. It is a division of the High Court of Tanzania. The difference with other High Court Registries is that this court specializes in the determination of commercial disputes only.

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https://www.comcourt.go.tz/comcourt/

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1 judgment

Citation	Judgment date
October 2017
FBME Bank Limited vs Makumira Filling Station Limetd and 2 Others (Commercial Case No. 13 of 2014) [2017] TZHCComD 8 (6 October 2017) The plaintiff recovered the loan shortfall; the defendants were held jointly and severally liable with interest and costs. Commercial law – Advance Payment Guarantee – enforcement of bank guarantee payment; guarantor liability and mortgage security; refusal of general damages to avoid double compensation; award of compensatory interest (16% pre-judgment, 7% post-judgment); costs follow the event.	6 October 2017

Citation

Judgment date

October 2017

FBME Bank Limited vs Makumira Filling Station Limetd and 2 Others (Commercial Case No. 13 of 2014) [2017] TZHCComD 8 (6 October 2017)

The plaintiff recovered the loan shortfall; the defendants were held jointly and severally liable with interest and costs.

Commercial law – Advance Payment Guarantee – enforcement of bank guarantee payment; guarantor liability and mortgage security; refusal of general damages to avoid double compensation; award of compensatory interest (16% pre-judgment, 7% post-judgment); costs follow the event.

6 October 2017