Oyester International Ltd v Air Guide Services Ltd (Civil Suit No.424 of 1994)
Observed later treatment
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Holding
A director who contracts in the company's name but for his personal benefit stands in a fiduciary relationship to the company and must indemnify it for any liability arising from breach of that contract. A right to indemnity need not arise solely from express or implied contract but may arise in equity from the fiduciary relationship between director and company. The defendant company is entitled to be indemnified by its director for any judgment obtained by the plaintiff arising from the director's breach.
Outcome
Director ordered to indemnify company for any judgment against it in the underlying suit
Facts
The defendant company, Air Guide Services Ltd, was sued by Oyester International Ltd for breach of contract for shs. 13,879,000 plus interest and damages. The defendant issued a third party notice against one of its directors, Taremwa Barnabas, seeking indemnity. The defendant alleged that the director contracted work in the company's name but for his personal and private benefit, and that his breach of that contract resulted in the plaintiff's suit. The defendant sought an order that the director indemnify it for whatever decretal award the plaintiff might obtain. The director's counsel argued that the application could only succeed if there was a contractual relationship between the company and the director, and that no such contract had been proved.
Issues
- Whether the defendant company is entitled to an indemnity from its director in circumstances where the director contracted in the company's name but for his personal benefit, resulting in a breach that led to the plaintiff's suit against the company.
- Whether a contractual relationship between the defendant company and the director is a necessary prerequisite for the right to indemnity.
- Whether the fiduciary relationship between a director and company creates an obligation on the director to indemnify the company for liabilities arising from the director's actions in the company's name but for personal benefit.
Orders
- In the event HCCS No. 424 of 1994 is decided against the defendant applicant, the respondent will satisfy the judgment and decree by way of indemnity.
Rules and key headnotes
Legislation cited (4)
- Civil Procedure Rules Order 1 rule 18
- Civil Procedure Rules Order 1 rule 21
- Companies Act s.405
- Companies Act First Schedule Table A Article 156
Cases cited (8)
- Lutaaya v Wambarali [1972] ULR 118
- Eastern Shipping Co v Quash Beng Kee [1924] AC 177
- WARING - vs - WARD
- Birmingham and District Land Co v London and North Western Railway Co (1887) 34 Ch D 261
- Parker v Lewis (1873) 8 Ch App 1035
- Boston Deep Sea Fishing and Ice Company v Ansell (1888) 59 Ch D 599
- Eden v Risdale (1889) 23 QBD 568
- Edward Kironde Kaggwa v L Gostaperaria & Another [1963] EA 213
Cases citing this judgment (5)
How later Ugandan judgments in the Wakilii corpus have cited this case. Treatment labels come from Sequitur — Uganda’s citator — each backed by a verbatim span from the citing judgment, and are not an assertion that this case is, or is not, good law.
- Elsa Bokhre Abraha v Opec Prime Properties (U) Ltd and Another (Civil Suit 106 of 2020)
- Asiimwe Dickson v Crown Beverages Limited and Another (Miscellaneous Application 2157 of 2024)
- Crown Beverages Limited v Aguti Ketra Kakaire and Another (Miscellaneous Application No. 1078 of 2024) distinguished
- Fenghua Limited v Modena MN Group Construction Uganda Limited & 2 Others (Civil Suit 735 of 2022)
- Otaok v Equity Bank (U) Ltd (Civil Suit No. 335 of 2010)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.