Finasi and Roko Construction Ltd have agreed to settle the matter out of court. The two companies are battling for the construction of International Specialized Hospital of Uganda (ISHU) in Lubowa that
Parliament approved a loan guarantee of Shs 1.4 trillion, a special purpose vehicle (SPV) to Finasi and Roko for the construction of the hospital.
The two companies delayed the progress of the project when the SPV started falling apart and Power China Guizhou Engineering co. Ltd was added to contract.
Roko petitioned court to stop Finasi International FZC from evicting them as shareholders in the construction of the hospital in Lubowa.
Enos Tumusiime, the lawyer representing Roko, argued that there would be damages if the court declined to grant them an injunction.
Justice Andrew Bashaija issued an interim order on July 4, 2019 blocking Finasi from evicting Roko from the site.
Roko returned to court a few weeks later citing that Finasi and its agents continued to evict them, removing their property from the construction site despite the order issued.
Roko demanded payment of Shs 11.8 billion as fine and damages of Shs 22.1 billion as sanctions for contempt of court.
The parties told Justice Bashaija on Wednesday, they are plan to settle the matter out of court.
He gave them one week to finalize with the mediation or return to court on September 4.
The hospital is expected to handle cases of bone marrow transplant, heart diseases, cancer treatment, organ transplant, fertility treatment, highly specialized surgeries, among others
