Kibibu Engineering Co. Ltd v Kolin Insaat Turizim Sanayi Ticaret (Miscellaneous Application No. 330 of 2016)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The High Court dismissed an application for security for costs under s.34(5) of the Arbitration and Conciliation Act. The applicant argued the respondent was a foreign company with no known assets in Uganda. The court found that the respondent had demonstrated sufficient capacity to satisfy any obligations through registered vehicles and plant in Uganda, showing no intention to leave the jurisdiction.
Outcome
Application for security for costs dismissed
Facts
Kibibu Engineering Co. Ltd applied under s.34(5) of the Arbitration and Conciliation Act for an order requiring Kolin Insaat Turizim Sanayi Ticaret to provide security for payment of a decretal award in CADER/Arbitration No. 16 of 2016 and costs in opposing Misc Cause No. 4 of 2016. The applicant contended that the respondent was a foreign company with no known assets in Uganda. The respondent maintained it had capacity to satisfy the decree, owning sufficient assets in Uganda including debts, movable assets like vehicles, and construction equipment. Counsel for the respondent supplied certified copies showing a sizeable number of vehicles and plant registered in the respondent's name.
Issues
- Whether the respondent should be required to provide security for the payment of the arbitral award and costs in opposing Misc Cause No. 4 of 2016
Orders
- Application dismissed.
- No order as to costs.
Rules and key headnotes
Legislation cited (1)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.