Kagoro Epimac v Samalien Properties Limited & 4 Others (Miscellaneous Application 117 of 2023)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
Held that where a director of a judgment debtor company controls multiple related companies and transfers property between them to evade execution, the corporate veil may be lifted. The court found that the 2nd respondent acted fraudulently by transferring property from the 1st respondent company through the 3rd, 4th and 5th respondent companies, all controlled by him, to defeat a judgment debt of UGX 1,173,328,737. The corporate veil was lifted and the applicant was granted leave to proceed with execution against the property.
Outcome
Application granted; corporate veil lifted; applicant may proceed with execution against the property
Facts
The applicant obtained judgment against the 1st respondent company (Samalien Properties Limited) in Civil Suit No. 59 of 2010 for UGX 1,173,328,737. When the applicant commenced execution proceedings in 2018, he discovered that the 1st respondent's only executable property (land comprised in Mengo LRV453 FOLIO 22 PLOT 90) had been transferred. Six months after judgment was delivered in May 2010, the 2nd respondent (Edward Nsubuga Mperese), acting as director of the 1st respondent, executed a purchase agreement on 5 November 2010 to transfer the property to Edith Nassuna. Nassuna immediately nominated the 3rd respondent company (Jotena (U) Ltd) as assignee. The 2nd respondent was sole signatory of the 3rd respondent's accounts. Subsequently, through special resolutions in 2015 and 2012, the property was transferred to the 4th and 5th respondent companies, where the 2nd respondent was also a shareholder. Evidence showed that the 2nd respondent was the majority shareholder and controlling mind of the 1st, 4th and 5th respondents, and sole account signatory for the 3rd respondent.
Issues
- Whether the corporate veil should be lifted against the 1st, 3rd, 4th and 5th respondent companies to allow execution proceedings against directors jointly and severally.
- Whether the transfer of property from the judgment debtor company to related companies constituted fraud aimed at defeating execution.
Orders
- The corporate veil of the 1st, 2nd, 3rd and 5th respondents is lifted.
- Leave is granted to the applicant to proceed with execution in respect to the property comprised in Mengo LRV453 FOLIO 22 PLOT 90 which originally belonged to the 1st respondent/judgment debtor in civil suit number 59 of 2010.
- Costs of this application are granted to the applicant.
Rules and key headnotes
Legislation cited (4)
Cases cited (8)
- Merchandise Transport Ltd v British Transport Commission [1962] 2 QB 173
- Trustor v Smallbone (No 2) [2001] WLR 1177
- DHN Food Distributors Ltd v Tower Hamlets London Borough Council [1976] 1 WLR 852
- Antonio Gramsci Shipping Corp and others v Stepanovs [2011] 1 Lloyd's Rep 647
- Lennard's Carrying Co Ltd v Asiatic Petroleum Co Ltd [1915] AC 705
- Salim Jamal and Two others v Uganda Oxygen Ltd and two others [1997] II KALR 38
- Stanbic Bank Uganda Ltd v Ducot Lubricants (U) Ltd & 3 Others (Miscellaneous Application No. 845 of 2013)
- HL Bolton Co v TJ Graham and Sons [1956] 3 All ER 624
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.