Cairo Bank Uganda Limited v Cads Ventures Limited (Miscellaneous Cause 48 of 2023)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
Application to set aside arbitral award dismissed. The applicant bank failed to establish any ground under section 34 of the Arbitration and Conciliation Act for setting aside the award. The court held that disagreement with the arbitrator's evaluation of evidence does not constitute grounds for setting aside; the application was a disguised appeal. The arbitrator properly heard both parties and decided in accordance with the contract terms. The applicant waived objections under section 4 of the Act by failing to raise them during arbitration. Award enforceable as a decree of court.
Outcome
Application dismissed; arbitral award stands and is enforceable as a decree of court
Facts
Cairo Bank Uganda Limited engaged Cads Ventures Limited under a debt recovery agreement to recover outstanding loan arrears from debtors including Eco Petrol (U) Ltd. The agreement provided for commission under Schedule C — 4% on collections of secured loans of UGX 1 billion and above. Cads Ventures advertised the debtor's property for sale, which led the debtor to file suit. During the pendency of that suit, M/s KSMO Advocates (the Bank's lawyers) reached a consent judgment with the debtor for UGX 1.5 billion. The Bank refused to pay commission to Cads Ventures, arguing that the recovery was achieved through litigation by KSMO Advocates, not through Cads Ventures' debt recovery efforts. Cads Ventures commenced arbitration. The arbitrator found that Cads Ventures' actions — advertising the property — were the effective cause that influenced the debtor to settle, and awarded commission to Cads Ventures. The Bank applied to set aside the award.
Issues
- Whether the arbitral award in CADS Ventures Ltd v Cairo Bank Uganda Limited ADH/ARB [009/2022] should be set aside.
- What remedies are available to the parties?
Orders
- Application to set aside the arbitral award dismissed.
- The arbitral award in CADS Ventures Ltd v Cairo Bank Uganda Limited ADH/ARB [009/2022] dated 2nd May 2023 stands.
- The award shall be enforced as if it were a decree of court pursuant to section 36 of the Arbitration and Conciliation Act.
- Costs of the application awarded to the respondent.
Rules and key headnotes
Legislation cited (12)
- Arbitration & Conciliation Act Cap 4 s.34
- Arbitration & Conciliation Act Cap 4 s.28(5)
- Arbitration & Conciliation Act Cap 4 s.36
- Arbitration & Conciliation Act Cap 4 s.38
- Arbitration & Conciliation Act Cap 4 s.4
- Civil Procedure Rules Order 52 r.1
- Civil Procedure Rules Order 52 r.3
- Civil Procedure Rules Order 17 r.4
- Civil Procedure Act s.98
- Civil Procedure Act s.27(1)
- Judicature Act s.33
- Constitution (Commercial Court) (Practice) Directions S.I Constitutional 6 r.7
Cases cited (3)
- Roko Construction Ltd v Kobusingye Janet (High Court Miscellaneous Application No. 22 of 2021)
- [2001] 1 WLR 700
- Jennifer Behange, Rwanyindo Aurelia, Paulo Bagenze v School Outfitters (U) Ltd (Civil Appeal No. 53 of 1999)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.