Standard Chartered Bank Uganda Ltd v Gapco Uganda Ltd & Anor (HCT-00-CC-MA 49 of 2007)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
Held that interpleader proceedings cannot be commenced by motion on notice in an existing suit unless both suits deal with the same subject matter. The disputed sum of US$1,999,950 arose from transactions between the claimants and Gapco Tanzania Ltd, while the head suit concerned loan facilities granted to Gapco Uganda Ltd. The court further held that the applicant had an interest in the funds as it received them as part payment of Gapco Uganda Ltd's debt obligations, thereby failing to satisfy the Civil Procedure Act s.59 requirement that the applicant claim no interest other than for charges or costs.
Outcome
Application for interpleader proceedings dismissed with costs to claimant No.1
Facts
Standard Chartered Bank held US$1,999,950 received by SWIFT transfer from Gapco Tanzania Ltd. The bank was defendant in a suit brought by Gapco Uganda Ltd concerning loan facilities. As part of a settlement attempt, Gapco Uganda Ltd promised payments to the bank. The disputed sum was received as purported payment toward Gapco Uganda Ltd's obligations to the bank. Gapco Uganda Ltd claimed the sum represented payment for products supplied to Gapco Tanzania Ltd. Barclays Bank PLC, representing a syndicate that had placed Gapco Tanzania Ltd under receivership, claimed Gapco Tanzania Ltd wrongfully dissipated property by making the payment, and sought to trace and recover it. Standard Chartered Bank sought interpleader proceedings to determine ownership of the funds.
Issues
- Whether interpleader proceedings could be commenced by motion on notice where the subject matter of the interpleader claim differs from the subject matter of the existing suit.
- Whether the applicant satisfied the prerequisite of having no interest in the disputed sum other than for charges or costs.
Orders
- Application dismissed.
- Costs to claimant No.1.
Rules and key headnotes
Legislation cited (3)
Cases cited (1)
- Sargent v Gautama [1968] EA 338
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.