Exim Bank (U) Limited & 2 Others v Latigo (Miscellaneous Application 616 of 2023)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
Held that an arbitration clause in a company's Articles of Association binds only parties privy to it and does not extend to third parties. Where a suit involves both claims subject to arbitration and claims against non-parties to the arbitration agreement, the court may sever the claims. Claims between company members involving alleged resignation, share transfer and mismanagement were referred to arbitration. Claims against the bank regarding due diligence in honouring payment instructions were stayed pending arbitration as they were not amenable to arbitration but connected to the arbitrable dispute.
Outcome
Dispute between respondent and 2nd and 3rd applicants referred to arbitration; main suit stayed pending arbitration; claims against 1st applicant to proceed after arbitration concludes
Facts
In 2019, the Respondent, Habasa Nelson and Kiyemba Yasir incorporated Ukutulu Ltd (2nd Applicant), with shareholdings of 30%, 40% and 30% respectively. All three became directors and opened a bank account with Exim Bank (1st Applicant). In October 2022, a resolution was filed stating the Respondent had resigned as director and sold his shares. The Respondent claimed this was a forgery. In December 2022, through its remaining two directors, the 2nd Applicant entered a stone quarry agreement with Strabag International GMBH for USD 325,000, of which USD 275,000 was paid and withdrawn from the company account. The Respondent filed suit claiming he was fraudulently excluded to deny him proceeds from the agreement, and that the bank failed in due diligence by processing withdrawals without his consent. The 2nd and 3rd Applicants applied to refer the matter to arbitration based on Clause 76 of the company's Articles of Association.
Issues
- Whether Civil Suit No. 0912 of 2022 should be referred to arbitration based on the arbitration clause in the Articles of Association of the 2nd Applicant.
- Whether the arbitration clause binds all parties to the main suit including the 1st Applicant (Exim Bank).
- Whether the claims against parties not privy to the arbitration agreement can be severed from those subject to arbitration.
Orders
- The dispute between the Respondent and the 2nd and 3rd Applicants in Civil Suit No. 0912 of 2022 is dismissed and referred to arbitration.
- Civil Suit No. 0912 of 2022 is stayed pending the conclusion of the arbitration.
- Costs of this application shall abide by the outcome of Civil Suit No. 0912 of 2022.
Rules and key headnotes
Legislation cited (3)
- Arbitration and Conciliation Act Cap 4 s.5(1)
- Arbitration and Conciliation Act Cap 4 s.9
- Arbitration Rules Rule 8
Cases cited (4)
- Kaahwa Francis v Commissioner Land Registration (High Court Miscellaneous Application No. 2 of 2012)
- William Akankwasa v Registrar of Titles (High Court Miscellaneous Application No. 33 of 2008)
- Wamala Abdu v Commissioner Land Registration (High Court Miscellaneous Case No. 16 of 2021)
- AC Yafeng Construction Company Ltd v The Living World Assembly Ltd (High Court Civil Suit No. 739 of 2021)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.