David Nsiyona v Scandi Trading Limited (Civil Suit 206 of 2016)
Observed later treatment
Citator coverage is limited to judgments in the Wakilii corpus and source-matched treatment records. Absence of a signal is not an assertion that the case remains good law.
AI-generated summary. This summary was generated by AI from the full text of the judgment. It may contain errors or omissions—always read the source judgment before relying on it.
Holding
The plaintiff paid US$87,387 toward purchasing shares under an agreement requiring the defendant to register a board resolution and transfer shares. Both parties breached: the defendant failed to register the resolution; the plaintiff paid late and short of agreed instalments. The plaintiff waived the registration requirement by proceeding to pay. The defendant must refund the US$87,387 with interest at 8% per annum from judgment, as shares were never transferred. General damages and counterclaim dismissed. Each party to bear own costs.
Outcome
Defendant ordered to refund US$87,387 plus interest at 8% per annum from date of judgment. Claims for general damages and counterclaim for damages dismissed.
Facts
On 13 June 2015, the plaintiff and defendant executed a share sale agreement under which the plaintiff agreed to purchase 15% shareholding in the defendant company for US$300,000, payable in four instalments. The defendant was obliged to register a board resolution and transfer shares upon receipt of the first instalment of US$70,000 (due June-July 2015). The plaintiff paid US$50,000 on 23 June 2015 and US$37,387 via letters of credit on 8 October 2015. The defendant never registered the board resolution or transferred shares. The plaintiff sued for refund of US$87,387. The defendant counterclaimed for US$212,500 damages, alleging the plaintiff's late and short payments caused financial distress and business collapse.
Issues
- Whether there was a breach of contract?
- Whether remedies are available to the parties?
Orders
- The Defendant shall refund US$87,387 (Eight Seven Thousand Three Hundred Eight Seven United States Dollars Only) to the Plaintiff.
- No order for nominal and general damages to any of the parties.
- The Defendant shall pay interest at a rate of 8% (eight percent) on the sum in (1) above from the date of this Judgment until payment in full.
- Each Party shall bear their own costs.
Rules and key headnotes
Legislation cited (7)
Cases cited (10)
- Kyarimpa Sarah v Harriet Nassozi Hewett (Civil Suit No. 794 of 2016)
- Stockloser v Johnson [1954] 1 All ER 640
- William Kasozi v DFCU Bank Ltd (HCCS No. 1326 of 2000)
- Stanbic Bank Uganda Limited v Haji Yahaya Sekalega T/A Sekalega Enterprises (Civil Suit No. 185 of 2009)
- Agri-Industrial Management Agency Ltd v Kayonza Growers Tea Factory Ltd & Anor (HCCS No. 819 of 2004)
- Ewadra Emmanuel v Spencon Services (HCCS No. 022 of 2015)
- Nokia Siemens Tietoliikenne OY v PNN Technology Solutions Limited (HCCS No. 406 of 2013)
- Mohanlal Kakubhai Radia v Warid Telecom Limited (HCCS No. 234 of 2011)
- Nipunnoratham Bhatia v Crane Bank (CACA No. 75 of 2006)
- Superior Construction & Engineering Ltd v Notay Engineering Industries (Ltd) (HCCS No. 702 of 1989)
Cases citing this judgment (2)
How later Ugandan judgments in the Wakilii corpus have cited this case. Treatment labels come from Sequitur — Uganda’s citator — each backed by a verbatim span from the citing judgment, and are not an assertion that this case is, or is not, good law.
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.