Lubuulwa v Standard Chartered Bank (HCT - OO - CC - CS - 355 - 2008)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The High Court dismissed the plaintiff's suit for specific performance and recovery of promotional prizes and restrictive shares. The court found the plaintiff had not met the target of Ushs 3,500,000,000 in incremental loans required to win the grand prize, having booked only Ushs 2,089,169,083 under the bank's internal custom defining 'booking' as new money. The plaintiff also forfeited restrictive shares by voluntarily leaving employment before the two-year vesting period. Each party was ordered to bear its own costs due to the defendant's dilatory conduct.
Outcome
Suit dismissed; plaintiff obtained no relief
Facts
The plaintiff, employed as a personal financial consultant at the defendant bank, participated in a promotion offering a house worth USD $40,000 to any employee who collected Ushs 3,500,000,000 in incremental loans. The plaintiff claimed he collected Ushs 3,750,834,169 in loans and was entitled to the grand prize plus GBP £2000 in restrictive shares for his 2007 performance. The defendant contended the plaintiff booked only Ushs 2,089,169,083 in new money under the bank's internal definition of 'booking,' and that the restrictive shares were forfeited when the plaintiff resigned in May 2009 before the two-year vesting period expired. Two competing bank statements were presented showing different loan totals.
Issues
- Whether the plaintiff fulfilled the conditions of the promotion by booking a sum of Ushs 3,750,834,169/= in loan collections to entitle him to the grand prize of USD $40,000 or its monetary equivalent.
- Whether the plaintiff is entitled to the GBP £2000 he was awarded in restrictive shares.
- What are the remedies available to the parties?
Orders
- The plaintiff's suit is dismissed.
- Each party to bear its own costs.
Rules and key headnotes
Legislation cited (2)
Cases cited (4)
- Kibalama v Alfansan Belgie CVBA (Court of Appeal No. [not stated] of [not stated])
- HARILAL V. STANDARD BANK [1967] EA 512
- SEBULIBA V COOPERATIVE BANK [1982] HCB 129
- UGANDA DEVELOPMENT BANK V MUGANGA CONSTRUCTION CO. LTD [1981] HCB 35
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.