Joel Odong Amen & Anor v DrOcero andrew & Anor (HCT-00-CC-CS 602 of 2004)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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
Held that where shareholders sell their shares in a company pursuant to a share sale agreement, their claim to the proceeds of that sale is a personal right, not a corporate right. The rule in Foss v Harbottle requiring the company to be the proper plaintiff does not apply because the plaintiffs are suing for their entitlement to proceeds from the sale of their own shares, not to vindicate a wrong done to the company. A cause of action in the shareholders' own right is disclosed. Preliminary objection overruled.
Outcome
Preliminary objection dismissed; matter to proceed to trial on the merits
Facts
The plaintiffs and defendants were the only four shareholders in Rhino Communication Company Ltd, holding 40% and 60% respectively. All four entered into an agreement to sell the company to third parties for UGX 50,000,000. The plaintiffs alleged that upon receipt of the sale proceeds, the defendants refused to hand over the plaintiffs' 40% share of the proceeds and account balances. The plaintiffs sued for recovery of their share. After the plaintiffs closed their case, the defendants raised a preliminary objection that the proper plaintiff should be the company, not the shareholders, citing the rule in Foss v Harbottle. The defendants argued that any wrongs were committed against the company and only the company could sue.
Issues
- Whether minority shareholders have a cause of action to sue majority shareholders in their own names for breach of trust in relation to proceeds from the sale of their shares.
- Whether the rule in Foss v Harbottle requiring the company to be the proper plaintiff applies where shareholders are suing in respect of proceeds from the sale of their own shares.
- Whether the exceptions to the rule in Foss v Harbottle permit minority shareholders to sue where the majority control the company and have allegedly committed fraud on the minority.
- Whether the company must be joined as a nominal defendant in a derivative action.
- Whether the plaintiffs' claim is based on corporate rights or personal shareholder rights.
Orders
- Preliminary point of law overruled.
- Costs to be in the cause.
Rules and key headnotes
Legislation cited (4)
- Constitution of Uganda Article 126(2)
- Civil Procedure Act s.98
- Civil Procedure Rules O.1 r.9
- Civil Procedure Rules O.1 r.13
Cases cited (9)
- Foss v Harbottle (1843) 2 Hare 461
- Allied Bank International Ltd v Sadru Kara & Anor (HCT-00-CC-CS-0191-2002)
- Salim Jamal & Others v Uganda Oxygen Ltd & Anor (SC Civil Appeal No. 64 of 1995)
- National Enterprises Corporation v Nile Bank (Civil Appeal No. 17 of 1994)
- Fam International & Anor v Ahamed Halid el Fathi (Civil Appeal No. 6 of 1993)
- Spokes v Grosvenor Hotel [1897] 2 QB 124
- Clarkson v Davies [1923] AC 100
- Auto Garage & Ors v Motokov (No 3) [1971] EA 515
- Moir v Waller Steiner [1975] All ER 849
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.