Mss Xsabo Power Limited & 4 Others v Great Lakes Energy Company NV (Arbitration Cause 14 of 2024; Arbitration Cause 75 of 2023)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The High Court allowed the application for recognition and enforcement of the final LCIA arbitral award and dismissed the applicants' objections. The Court held that although disputes about available funds for repayment fell outside the arbitration clause, they were inextricably intertwined with arbitrable issues. The Court rejected public policy objections, finding that the Tribunal's set-off computation (though not expressly detailed on record) did not violate equal treatment principles, that LIBOR's transition to a synthetic methodology did not render the award uncertain, and that the objections did not constitute violations of fundamental public policy warranting refusal of enforcement.
Outcome
Final arbitral award recognised and enforceable as a judgment of the High Court; applicants' objection to enforcement dismissed.
Facts
The applicants and respondent entered investment and ancillary agreements for a solar power project in Uganda. The respondent became a shareholder upon expending monies into the project. A dispute arose when applicants accused the respondent of inflating EPC costs by around US$6 million without knowledge of fellow shareholders. Applicants rescinded the investment agreement and revoked share allotment. The respondent commenced LCIA arbitration in London. Three arbitral awards were rendered: two partial awards (11 March 2022 and 10 January 2023) and a final award (11 September 2023). The first partial award found the respondent liable for secret commission. The final award ordered the 1st–3rd applicants to pay US$1,188,730 damages plus interest, and all applicants to pay legal and arbitration costs. The respondent sought enforcement in Uganda; the applicants objected on grounds of public policy violation and that issues fell outside the arbitration agreement.
Issues
- Whether the Final Arbitral Award dealt with issues falling outside the scope of the submission to arbitration.
- Whether the Final Arbitral Award is in conflict with the law and public policy of Uganda.
- Whether the Arbitral Tribunal's failure to determine a rate of interest on the secret commission to be refunded by the respondent constitutes a violation of public policy.
- Whether the Arbitral Tribunal's failure to determine the rate, period and quantification of interest payable constitutes a failure to treat the parties with equality and discrimination.
- Whether the award of interest to the respondent at the rate of US$ 3-month LIBOR plus 8%, which was phased out, offends public policy and renders the award unenforceable.
- Whether interim measures of protection should be extended beyond the date of enforcement of the final award.
Orders
- Arbitration Cause No. 0014 of 2024 dismissed with costs to the respondent.
- Arbitration Cause No. 0075 of 2023 allowed with costs to the respondent.
- Leave granted to Great Lakes Energy Company NV to enforce the Final Award in the same manner as a judgment or order of this court.
- Costs of the application to be recovered as part of the costs or execution of the award.
- Interim protective measures order dated 16th August, 2021 (as varied on 14th October, 2022) deemed to have lapsed upon granting of enforcement leave.
Rules and key headnotes
Legislation cited (24)
- Judicature Act s.33
- Civil Procedure Act s.98
- Arbitration and Conciliation Act s.6
- Arbitration and Conciliation Act s.9
- Arbitration and Conciliation Act s.18
- Arbitration and Conciliation Act s.31(4)
- Arbitration and Conciliation Act s.31(6)
- Arbitration and Conciliation Act s.34(1)
- Arbitration and Conciliation Act s.34(2)(b)(ii)
- Arbitration and Conciliation Act s.35
- Arbitration and Conciliation Act s.42
- Arbitration and Conciliation Act s.43
- Convention on the Recognition and Enforcement of Foreign Arbitral Awards, 1958 (New York Convention) Article III
- Convention on the Recognition and Enforcement of Foreign Arbitral Awards, 1958 (New York Convention) Article IV
- Convention on the Recognition and Enforcement of Foreign Arbitral Awards, 1958 (New York Convention) Article V(1)
- Convention on the Recognition and Enforcement of Foreign Arbitral Awards, 1958 (New York Convention) Article V(1)(b)
- Convention on the Recognition and Enforcement of Foreign Arbitral Awards, 1958 (New York Convention) Article V(2)(a)
- Convention on the Recognition and Enforcement of Foreign Arbitral Awards, 1958 (New York Convention) Article V(2)(b)
- Convention on the Recognition and Enforcement of Foreign Arbitral Awards, 1958 (New York Convention) Article 27
- Arbitration Rules r.7
- Arbitration Rules r.7(1)
- Arbitration Rules r.13
- LCIA Institutional Rules Article 25(1)
- LCIA Rules 2020 Article 27.1
Cases cited (33)
- Premium Nafta Products Ltd v Fili Shipping Co Ltd [2008] 1 Lloyd's Rep 619
- Fiona Trust & Holding Corp v Privalov [2007] UKHL 40
- Franek Jan Sodzawiczny v Simon John Mcnally [2021] EWHC 3384 (Comm)
- Walter Llewellyn & Sons Ltd v Excel Brickwork Ltd [2010] EWHC 3415 (TCC)
- Barrier Ltd v Redhall Marine Ltd [2016] EWHC 381 (QB)
- Sea Trade Maritime Corp v Hellenic Mutual War Risks Association (Bermuda) Ltd [2006] EWHC 2530 (Comm)
- Sea Trade Maritime Corp v Hellenic Mutual War Risk Association (Bermuda) Ltd (The Athena) (No 2) [2007] 1 Lloyd's Rep 280
- Cohen v. Ark Asset Holdings, 268 A.D.2d 285, 286 (1st Dept. 2000)
- Lake Harbor Advisors, LLC v. Settlement Servs. Arbitration and Mediation, Inc., 175 A.D.3d 479 (2d Dept. 2019)
- Monotube Pile Corp. v. Pile Foundation Constr. Corp., 269 A.D.2d 531 (2d Dept. 2000)
- Protostorm, Inc. v. Foley & Lardner LLP, 193 AD3d 486 (1st Dept 2021)
- Maurer, A.G., The Public Policy Exception under the New York Convention, 2013, pp. 64-66
- Born, G., International Arbitration: Law and Practice, 2nd ed., 2015, p. 409
- Richardson v. Mellish, 130 Eng. Rep. 294, 303 (Ex. 1824)
- Janson v Driefontein Consolidated Mines [1902] AC 484
- Fender v St John-Mildmay [1938] AC 1
- Libyan American Oil Company (LIAMCO) v. Socialist People's Libyan Arab Republic Jamahirya, (formerly Libyan Arab Republic), (1981) 20 ILM 1
- Oliver Wendell Holmes, Jr., The Common Law (1881) at p. 1
- Egerton v Earl of Brownlow (1853) 10 ER 359
- Cooke v Turner (1845) 60 Eng Rep 449
- Christ for All Nationals v Apollo Insurance Co Ltd [2002] 2 EA 366
- Sinocore International Co Ltd v RBRG Trading (UK) Ltd [2018] 2 Lloyd's Rep 133
- Parsons and Whittemore Overseas Co., Inc. v. Société générale de l'industrie du papier (RAKTA). 508 F. 2d 969 (2d Cir. 1974)
- Regazzoni v Sethia [1958] AC 301
- Ducat Maritime Ltd v Lavender Shipmanagement Inc [2022] EWHC 766 (Comm)
- Gol Linhas Aereas SA v Matlin Patterson Global Opportunities Partners (Cayman) [2022] UKPC 21
- Moran v Lloyd's [1983] QB 542
- Xstrata Coal Queensland P Ltd v Benxi Iron & Steel (Group) International Economic & Trading Co Ltd [2020] EWHC 324 (Comm)
- Alegrow SA v Yayla Argo Gida San ve Nak AS [2020] EWHC 1845 (Comm)
- MRI Trading AG v Erdenet Mining Corporation LLC [2013] 1 Lloyd's Rep 638
- Saahib Enterprises Ltd v Olam Uganda Ltd (Civil Suit No. 180 of 2009)
- CIZ v CJA [2021] SGHC 178
- TMM Division Maritama SA de CV v Pacific Richfield Marine Pte Ltd [2013] 4 SLR 972
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.