East African Development Bank v Ziwa Horticultural Exporters Limited (Miscellaneous Application 1048 of 2000)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The court granted a stay of the winding-up petition proceedings to allow arbitration to proceed, finding that both the loan agreement and the company's articles contained valid arbitration clauses covering the dispute. The court held that commercial arbitration should be encouraged where parties have chosen their forum. However, the court retained jurisdiction to deal with remedies within its exclusive competence after completion of arbitration within 30 days.
Outcome
Winding-up petition proceedings stayed pending arbitration to be completed within 30 days; court retains jurisdiction for remedies after arbitration
Facts
East African Development Bank (EADB), a minority shareholder, brought a winding-up petition against Ziwa Horticultural Exporters Limited. Ziwa applied to stay the proceedings, arguing that both the loan agreement under which EADB financed Ziwa and Ziwa's articles of association contained arbitration clauses. EADB opposed the stay, contending that the dispute was between minority and majority shareholders rather than between EADB and the company as such, that alleged asset stripping by majority shareholders disabled the company from performing the arbitration agreement, and that third parties had intervened in the proceedings making inter partes arbitration inappropriate. EADB also argued that fundamental breach of the underlying contract precluded resort to the arbitration clause.
Issues
- Whether proceedings in a minority shareholder winding-up petition should be stayed pending arbitration where the loan agreement and the company's articles of association contain arbitration clauses.
- Whether the dispute falls within the scope of the arbitration clauses in the loan agreement and the company's articles.
- Whether the arbitration agreement is operative and capable of being performed in light of alleged asset stripping by majority shareholders.
- Whether the involvement of third parties in the winding-up proceedings affects the applicability of inter partes arbitration.
Orders
- Application for stay of proceedings granted.
- Matter referred to arbitration.
- Arbitration to be completed within 30 days from the date of the ruling.
- Court to deal with matters within its exclusive jurisdiction after completion of arbitration.
- Costs to be determined in the cause.
Rules and key headnotes
Legislation cited (8)
- Arbitration and Conciliation Act No. 7 of 2000 s.6
- Arbitration and Conciliation Act No. 7 of 2000 s.10
- Arbitration and Conciliation Act No. 7 of 2000 s.40
- Arbitration and Conciliation Act No. 7 of 2000 s.73
- Companies Act
- Constitution of Uganda
- Judicature Statute 1996
- Arbitration Act 1950 (England) s.10
Cases cited (5)
- Shell (U) v AGIP (U) (Civil Appeal No. 49 of 1995)
- Home Insurance Co Ltd v Mentor Insurance Co (UK) Ltd (in liquidation) [1989] 3 All ER 74
- Jureidini v National British and Irish Millers Insurance Co Ltd [1914-15] All ER Rep 328
- Tritonia Shipping Inc v South Nelson Forest Products (CA) [1966] 1 Lloyd's Rep 114
- Emson Contractors Ltd v Protea Estates Ltd (1988) 4 Const LJ 119
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.