Asiimwe v Kilembe Investiments Ltd (MISCELLANEOUS APPLICATION No. 0082 OF 2018)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
Application for temporary injunction dismissed as overtaken by events. The court declined to halt an annual general meeting that had already been held before the interim order could be served. The applicant, a director who had been rotated off after serving 15 years, sought to prevent elections for his replacement. The court held that since the meeting had taken place and the status quo had changed, the balance of convenience favoured the respondent. All substantive matters remain to be addressed in the main suit.
Outcome
Application dismissed; substantive matters to be determined in main suit Civil Suit No. 045 of 2018
Facts
The applicant, Asiimwe Sausi Swizin, had served as a director of Kilembe Investments Limited (a public company with over 3,500 shareholders) for 15 years. The respondent company issued a letter to the applicant notifying him of rotation as director, having served his full term and an additional term on re-election, in accordance with the Companies Act 2012 and the company's Articles of Association. The company scheduled an annual general meeting for 6 December 2018 with agenda item 8 being the election of new directors. The applicant sought a temporary injunction to halt the meeting or to prevent discussion of the director elections until determination of the main suit (Civil Suit No. 045 of 2018). The annual general meeting proceeded on 6 December 2018 at Virina Gardens, Kasese Municipal Council. Two directors, including the applicant and Hon. Loice Biira Bwambale, were replaced. The applicant arrived at the meeting venue around midday, signed the attendance register, and confirmed that elections had been conducted.
Issues
- Whether a temporary injunction should be granted to halt an annual general meeting scheduled to elect new directors.
- Whether the application was overtaken by events after the meeting had already been held.
Orders
- Application for temporary injunction declined.
- Costs in the cause.
Rules and key headnotes
Legislation cited (4)
- Civil Procedure Act s.98
- Civil Procedure Rules O.41 r.1
- Civil Procedure Rules O.41 r.3
- Companies Act 2012
Cases cited (1)
- Kiyimba Kaggwa v Haji A.N. Katende (1985) HCB 43
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.