Linda and Another v Elemental and Another (Civil Suit No. 435 of 2019)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
Held that the Plaintiffs failed to prove fraud to the required standard and no grounds existed for lifting the corporate veil of the 1st Defendant. However, the court found the 1st Defendant liable for breach of a binding investment proposal. The Plaintiffs invested USD 500,000 for specified project activities which the 1st Defendant failed to deliver. Judgment entered against the 1st Defendant for USD 500,000 principal, general damages of UGX 50,000,000, and interest at 8% per annum. Counterclaim dismissed. Half costs awarded to Plaintiffs.
Outcome
Judgment entered for the Plaintiffs against the 1st Defendant for USD 500,000 principal, UGX 50,000,000 general damages, and interest; counterclaim dismissed
Facts
The 1st Defendant, a company developing a hydropower project in Kisoro District, signed a Non-Disclosure Agreement with the Plaintiffs on 5 May 2016. On 17 May 2016, the 2nd Defendant (Managing Director of the 1st Defendant) presented an investment proposal seeking USD 1,720,000 to finance the Nyomobuye Hydro Power Project. The Plaintiffs invested USD 500,000 in three tranches (June, August, and October 2016) without formalising their investment relationship. The proposal outlined project implementation phases: financial close by October 2016, mobilisation by December 2016, construction by January 2017, and commissioning by December 2018. The Plaintiffs alleged fraud and sought to lift the corporate veil. The 1st Defendant argued the investment was conditional on receiving the full USD 1,720,000 and that delays were caused by the Plaintiffs' failure to formalise their investment and complete funding.
Issues
- Whether the Defendants committed acts of fraud against the Plaintiffs? If so, whether there are grounds for lifting the 1st Defendant's veil of incorporation?
- Whether the Defendants are indebted to the Plaintiffs in the sum of USD 500,000?
- Whether the Plaintiffs are liable to the 1st Defendant for unlawful interference with their contractual relations?
- Whether there are any remedies available to the parties.
Orders
- Order for recovery of USD 500,000 from the 1st Defendant.
- Interest on the principal sum at 8% per annum from the date of filing suit until payment in full.
- General damages of UGX 50,000,000 awarded to the Plaintiffs.
- Interest on general damages at court rate from date of judgment until payment in full.
- Half the costs of the suit awarded to the Plaintiffs.
- Costs of the counterclaim awarded to the Plaintiffs.
- Counterclaim dismissed with costs to the Defendants by counterclaim.
Rules and key headnotes
Legislation cited (4)
Cases cited (13)
- Fredrick J. K Zaabwe v Orient Bank & Others (Civil Appeal No. 4 of 2006)
- Kampala Bottlers v Damanico (U) Ltd (Supreme Court Civil Appeal No. 22 of 1992)
- Uganda Revenue Authority v Cowi A/S (Civil Appeal No. 034 of 2020)
- Avon Insurance Plc v Swire Fraser Ltd [2000] 1 All ER (Comm) 573
- Nottingham Patent Brick & Tile Co. v Butler (1886) 16 QBD 778
- Smith v Chadwick (1884) 9 App Cas 187
- Hydro Engineering Services Co. Uganda Limited (HESCO) v Thorne International Boiler Services Ltd (TBS) (High Court Civil Suit No. 0818 of 2003)
- Storms v Hutchinson [1905] AC 515
- Crown Beverages Ltd v Sendu Edward (Supreme Court Civil Appeal No. 1 of 2005)
- Uganda Commercial Bank v Kigozi [2002] 1 EA 305
- Basiima Kabanesa v The Attorney General & Coffee Marketing Board (In Liquidation) (Civil Appeal No. 16 of 2021)
- Obongo v Kisumu Council [1971] EA 91
- Uganda Development Bank v Mugongo Construction Co. Ltd (1981) HCB 35
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.