Panyimur Rural Cooperative Savings and Credit Society Limited & 5 Ors v The Microfinance Support C (MISCELLANEOUS CIVIL APPLICATION No. 0014 OF 2014)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
Where parties to a loan agreement have expressly provided for arbitration of disputes with a sequential dispute resolution mechanism requiring attempted amicable resolution followed by arbitration before court proceedings, the court must give effect to their intention. A suit filed without first exhausting the agreed arbitration process is premature and must be stayed pending arbitration, consistent with the constitutional duty to promote reconciliation and alternative dispute resolution.
Outcome
Suit stayed and parties referred to arbitration as required by the dispute resolution clause in their loan agreements
Facts
The Microfinance Support Centre filed a summary suit against Panyimur Rural Cooperative Savings and Credit Society Limited and five personal guarantors to recover shs. 452,234,932 outstanding on four loan agreements executed between September 2009 and April 2012. The total loans advanced were shs. 750,000,000 at 9% per annum interest, repayable within twenty-four months. The applicants sought unconditional leave to appear and defend, arguing that the dispute required reconciliation of accounts and that two guarantors signed only in their official capacities which had since ended. The four loan agreements contained a common clause 15 requiring disputes to be first resolved amicably within 30 days, then referred to arbitration under Ugandan arbitration laws, with courts having jurisdiction only if arbitration failed. The parties had not attempted arbitration before the suit was filed.
Issues
- Whether the suit was premature given the arbitration clause in the loan agreements requiring disputes to be referred to arbitration before resort to courts.
- Whether the applicants should be granted unconditional leave to appear and defend the summary suit.
Orders
- The parties are hereby referred to arbitration.
- The suit is stayed pending the results of the arbitration.
- The parties are to report to court the progress or results of the arbitration on 11th October 2017 at 9.00 am.
Rules and key headnotes
Legislation cited (1)
Cases cited (6)
- Bemba Ruth and Another v Departed Asians Property Custodian Board (High Court Bulletin 1988-90, p.139)
- Farm Land Industries Limited v Globe Exports Limited (High Court Bulletin 1991, p.77)
- Sebuguluse George and Cook Semugabi v National Insurance Corporation (High Court Bulletin 1972, p.234)
- Multi Construction Limited v C.M. L. K. Ntende (High Court Bulletin 1971, p.298)
- Kayondo David B. v Co-operative Bank Limited (High Court Bulletin 1988-90, p.82)
- Uganda Posts and Telecommunications Company v East African General Insurance Company Limited (High Court Bulletin 1983, p.36)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.