Mubiru-Musoke, Musisi & Co. Advocates v Lake Heights Hotel Limited and Others (Miscellaneous Application No. 3 of 2025)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The High Court lifted the corporate veil of Lake Heights Hotel Limited and held its directors personally liable for the judgment debt. The court found that the directors continued trading while aware of the company's insolvency and inability to pay creditors, constituting wrongful or fraudulent trading. The directors sold company assets during the pendency of the suit and frustrated execution proceedings, justifying piercing of the corporate veil under Section 18 of the Companies Act.
Outcome
Corporate veil lifted; directors held jointly and severally liable for company's judgment debt
Facts
The applicant law firm obtained judgment against Lake Heights Hotel Limited in Civil Suit No. 72 of 2021 for UGX 17,389,500 in legal fees, UGX 5,000,000 general damages, interest and costs. Execution attempts failed as the company's bank accounts were empty. During the pendency of the suit, the company's directors sold the hotel property (Plot 13 Church Road, Entebbe) which was the company's only known asset. The property was registered in the name of a third party on 28 April 2022. The company's registered office address became vague and untraceable. The directors were aware of the company's debts and insolvency by November 2021 when they filed their defence, yet continued trading. The applicant sought to lift the corporate veil to hold the directors personally liable.
Issues
- Whether there are grounds for court to lift the 1st Respondent's corporate veil so that execution can levy against the 2nd and 3rd Respondents personally.
Orders
- Application granted.
- The corporate veil of the 1st Respondent is lifted.
- The 2nd and 3rd Respondents are jointly and severally liable to pay the decretal sums, interest, and costs owed by the 1st Respondent in Civil Suit No. 72 of 2021.
- Costs of this application awarded to the Applicant.
Rules and key headnotes
Legislation cited (8)
Cases cited (8)
- Guning v Naguru Tirupati Ltd & 5 Ors (Miscellaneous Application No. 232 of 2017)
- Beatrice Odongo & Anor v Tamp Engineering Consultants Ltd (Civil Appeal No. 8 of 2020)
- Uganda Revenue Authority v COWI AS (Civil Appeal No. 34 of 2020)
- Ntwatwa Jackson v Hamid Muhammed Mohammed & Anor (2025)
- Makula International v His Eminence Cardinal Nsubuga [1982] HCB 11
- Salomon v Salomon & Co Ltd [1897] AC 22
- Bhatia & Anor v Boutique Shozim Ltd & 4 Ors [2024] UGHCCD 146
- Absa Bank of Uganda Ltd & 2 Ors v Enjoy Uganda Ltd & 2 Ors (Miscellaneous Application No. 1243 of 2023)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.