Diamond Trust Bank Uganda Limited & Another v Ham Enterprises Limited & 2 Others (Miscellaneous Application No. 846 of 2020)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The High Court granted the application for stay of execution pending appeal. The court found that the applicants had lodged a notice of appeal raising arguable grounds with a likelihood of success, including questions about whether the sums awarded were liquidated, whether the trial judge correctly applied the law on illegality, and whether syndicated loans are illegal. The court held that substantial loss would result if the stay was not granted, particularly given the self-executing nature of the orders for discharge of mortgages. The court declined to order security for due performance, finding that the applicants were sufficiently liquid to meet obligations if the appeal failed.
Outcome
Stay of execution granted pending appeal
Facts
The respondents sued the applicant banks for breach of contract, alleging unlawful deductions from their loan accounts. The respondents later amended their plaint to claim that the second applicant (Diamond Trust Bank Kenya Limited) conducted illegal business in Uganda without a licence from Bank of Uganda, and that the first applicant facilitated this illegality. The trial judge struck out the applicants' defence as founded on illegality and entered judgment for the respondents, ordering the banks to pay UGX 34,295,951,553 and USD 23,467,670.61, and to discharge mortgages over the respondents' properties. The trial judge declared syndicated loans illegal and vacated an earlier order appointing auditors to reconcile the loan accounts. The applicants filed a notice of appeal and sought a stay of execution pending the appeal.
Issues
- Whether the applicants satisfied the conditions for a stay of execution pending appeal.
- Whether the applicants' appeal has a high likelihood of success.
- Whether the applicants would suffer substantial loss if the stay is not granted.
- Whether the application was made without unreasonable delay.
- Whether security for due performance of the decree should be required.
Orders
- Application for stay of execution allowed.
- Execution of the decree in High Court Civil Suit No. 43 of 2020 stayed pending hearing and determination of the applicants' appeal in the Court of Appeal.
- Costs to abide by the results of the appeal.
Rules and key headnotes
Legislation cited (13)
- Civil Procedure Act s.98
- Judicature Act s.33
- Civil Procedure Rules Or.43 R.4(2)
- Civil Procedure Rules Or.43 R.4(3)
- Civil Procedure Rules Or.52 R.1
- Civil Procedure Rules Or.9 R.6
- Civil Procedure Rules Or.9 R.8
- Civil Procedure Rules Or.9 R.10
- Civil Procedure Rules Or.9 R.30
- Civil Procedure Rules Or.21 R.7(2)
- Civil Procedure Rules Or.21 R.7(4)
- Contract Act 2010 s.19(2)
- Financial Institutions Act 2004
Cases cited (7)
- Lawrence Musiitwa Kyazze v Eunice Businge (Supreme Court Civil Application No. 18 of 1990)
- Hon Theodore Ssekikubo and Others v Attorney General and Others (Constitutional Application No. 03 of 2014)
- Kyambogo University v Prof. Isaiah Omolo Ndiege (Court of Appeal No. 341 of 2013)
- Dr. Ahmed Muhammed Kisuule v Greenland Bank (In liquidation) (Miscellaneous Application No. 7 of 2010)
- Kulubya v Sigh [1964] AC 142
- John Baptist Kawanga v Namyalo (Miscellaneous Application No. 12 of 2017)
- Margrette Kato v Nalwo (Civil Miscellaneous Application No. 11 of 2011)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.